Woodland News

Government data shows private working forests provide 72% of gross annual sequestration and more than half of our nation's forest carbon storage.

We have some additional good news to report regarding the future of hardwood markets – the exclusion to tariffs that were originally put in place by China on their imports of US hardwood products were extended once again. 

The U.S. Department of Agriculture (USDA) is providing up to $200 million to provide relief to timber harvesting and timber hauling businesses that have experienced losses due to COVID-19 as part of USDA’s Pandemic Assistance for Producers initiative.

In one of our latest blog posts titled “Hardwood Lumber Market Update – April 30, 2021”, we cited our main source of information incorrectly and want to apologize to the reader and the source for this oversight.

There is currently very active demand for a variety of hardwood lumber, with a common theme being that prices are up and inventories are down, and in some cases planned deliveries are running weeks behind due to several reasons, including a continued shortage of trucking and labor in general.

In honor and memory of our founder, Curt Bauer, FORECON established the Bauer-FORECON Scholarship Fund in 2004.

Though it differs from area to area and mill to mill, lumber shortages remain wide-spread, with some producers in the Appalachian region saying inventories are at their lowest point in years.

The demand for quality hardwood timber continues, and we are experiencing a consistent uptick in both stumpage prices and bid participation depending on the offered sale volume.

Tennessee Division of Forestry officials said much of the driving force behind what appears to be an increase in white oak tree theft is the worldwide rise in popularity of Tennessee whiskey and Kentucky bourbon.

We continue to track current domestic and international happenings that may affect our hardwood markets.