Clark S. Binkley, Ph.D
Managing Director, International Forestry Investment Advisors, LLC
Clark S. Binkley is an internationally recognized expert in forestry investment. Between 2012 and 2017 he was the Chief Investment Officer for GreenWood Resources, Inc. GreenWood manages about $2 billion of assets in North America, Latin America, Europe and Asia. In 2005 Binkley founded International Forestry Investment Advisors (IFIA) to develop and implement innovative, socially responsible high-return timberland investment strategies. In that position he collaborated with GreenWood in the development high-yield plantations in Eastern Oregon, Chile and Poland, and with Global Environment Fund in the Global Emerging Markets Forestry Fund. In 2012, IFIA merged with GreenWood, and TIAA-CREF (now Nuveen Asset Management) acquired a majority interest in the merged entity. Prior to founding IFIA, Binkley was Managing Director and Chief Investment Officer of the Hancock Timber Resource Group, the world’s largest timberland investment advisory firm serving private-equity clients. During the six full years of his tenure at Hancock, he was responsible for the investment strategies that produced 300 bps/yr of annual out performance versus the industry benchmark, and lead efforts to raise over $2 billion in equity capital. Before joining Hancock, Binkley was Dean of the Faculty of Forestry at the University of British Columbia. From 1978-90, he was a member of the faculty at Yale University where, in 1990, he was named the Frederick K. Weyerhaeuser Professor of Forest Resource Management. He has served the Boards of Directors of West Fraser Timber (the leading softwood lumber manufacturer in North America), Timberwest, Pacific Forest Products and Cellfor. In the past 40 years, he has consulted to numerous forest products companies, governmental agencies and conservation groups. Binkley has written more than 100 books and articles on forest economics. He holds degrees in Applied Mathematics and in Engineering from Harvard University and in Forestry and Environmental Studies from Yale University.
Rafał P. Chudy, MSc.
Chief Economist, Forest Business Analytics Sp. z o.o.
Rafał Chudy is the Chief Economist for Forest Business Analytics (FBA), focusing on timberland and forest product market analysis and specialized econometric and forest sector modelling. Forest Business Analytics was established to address the worldwide demand for analytics research and knowledge. FBA is changing business analytics forever by data preparation and analysis — giving unprecedented power to forest and wood industry products businesses without the need for cumbersome and expensive IT investments. Prior to joining FBA, he has gained professional experience as forest economist and analyst at United States Department of Agriculture, National Forest Holding in Poland, Centre of Wood Science at the University of Hamburg and many other companies from private sector. Rafal holds postgraduate diploma in financial controlling in capital markets groups from Warsaw School of Economics, MSc in forest management from Swedish University of Agriculture Sciences, MSc in forestry from Warsaw University of Life Sciences, and MSc in forestry and environmental resources from North Carolina State University. Currently, Rafal is a PhD Candidate in forest and resource economics at the Faculty of Environmental Sciences and Natural Resource Management at Norwegian University of Life Sciences. His research has appeared in peer-reviewed journals and presentations at national and international environmental and natural resource economics conferences. He is fluent in Polish, English, Spanish, Norwegian and Russian.
LinkedIn
Frederick W. Cubbage, Ph.D.
Professor, North Carolina State University
Fred Cubbage is Professor, Department of Forestry and Environmental Resources, North Carolina State University. He has co-authored more than 400 research papers and 500 speeches on analysis of global timber investments, natural resource policy, market based conservation programs and sustainability certification, and agroforestry; and teaches natural resource policy and forest economics. He was a Service Forester in Kentucky for 2 years; a professor at Georgia for 10 years; an economist and Research Work Unit Project Leader with the Forest Service for 5 years; Department Head at NC State for 10 years; and now is a professor at NC State, for 13 more years. He received undergraduate and graduate degrees at Iowa State University and the University of Minnesota, respectively. Fred just published a new book on Natural Resource Policy with coauthors Jay O’Laughlin and Nils Peterson (2017), released by Waveland Press. He is currently the President of the Society of American Foresters for 2017.
NCSU Page