2016 is quickly becoming a memory. There were many highs throughout the year, of course, and some lows, and we’re all glad to have the campaigning complete. For better or for worse, we have some things decided and can effectively move on to what comes next.
Of course, what comes next is never perfectly clear, but we do have our 2016 experience to help guide us in the coming year. To that end, in this issue of Woodland News, we will review some of the highlights of the past year, starting with the timber markets review, and current demand and pricing patterns for Northeastern hardwoods. We also are pleased to announce the official collaboration of FORECON’s forestry services with professional engineering and surveying services out of our Titusville, Pennsylvania office.
The year also saw the development of the new FORECON ForestSim™ Suite of Services.This special platform is one of the more exciting developments to come out of 2016, with predictive analytics to help landowners and forest managers make better management decisions.
And just in time for tax season, we have some guidance for landowners who have recently harvested their property and want to know how they may need to handle income reporting. Read "How Timber Proceeds Are Taxed."
2017 offers a wealth of possibilities that, we hope, will prove profitable and productive for each and every one of you.
Your Friends at FORECON
This past year (2016) saw very healthy increases in the demand for quality US hardwoods, particularly in the export markets. Nation-wide export volumes exceeded 2015 volumes by approximately 11%, with Asian demand reported to be better than expected (China alone imported 24% more than they had in 2015.) Though European hardwood demand tailed off slightly in the fourth quarter, exports to the UK, Germany, and Portugal were up in 2016.