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Other Industry News > Timber and Environment
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U.S. timberland outperforms farmland -- report
For the first time in four years, timberland has been a better investment than farmland, as demand for wood products to supply the construction and energy sectors continues to grow, according to Agrimoney.com. U.S. timberland returned 1.47% in the third quarter, the best performance for the period in seven years, according to the National Council of Real Estate Investment Fiduciaries. It also outstripped the 1.45% returned by farmland. In the past 10 years, timberland has returned more than farmland on only two occasions: the first quarter of 2007 and the second quarter of 2010. For more, click here...
U.S. Forest Service seeks proposals to develop new uses for forest products
The U.S. Forest Service is seeking proposals to develop new wood energy and wood products markets to manage the nation's forests in a more sustainable way, especially in areas of the country with high wildfire risks. “We must continue to find new, economically valuable ways to use wood,” said U.S. Forest Service Chief Tom Tidwell. The agency’s Wood Innovations program will provide roughly $5 million to successful applicants. For more, click here...
Nature Conservancy to purchase timberland
Plum Creek Timber Co., Inc., has agreed to sell about 165,000 acres of forestland in Montana and Washington to The Nature Conservancy. The sale is part of an effort to better link the checkerboard land ownership patterns of those lands, according to a press release from Plum Creek. For more, click here...
Firm uses satellites for smart logging
A firm in Ireland has developed a device that uses hybrid satellite/terrestrial communications and GPS to map forests, send instructions to loggers, monitor tree-harvesting machinery, and coordinate log transport almost in real time. For more, click here...
Potlatch purchases 201,000 acres of southern timberland
Potlatch Corp. has agreed to purchase 201,000 acres of timberlands in Alabama and Mississippi from affiliates of Resource Management Service, LLC, for $384 million. The transaction is expected to close late in the fourth quarter and is subject to the satisfaction of customary closing conditions. For more, click here...
Sierra Pacific alleges corruption, cover-up in wildfire investigation
Sierra Pacific Industries has filed documents seeking to negate a settlement in which it was ordered to pay the federal government $47 million and deed it 22,500 acres of land to compensate for wildfire damage in two Northern California counties in 2007. The company asked a federal judge to "vacate the settlement" due to "fraud upon the court," according to the Sacramento Bee newspaper. Sierra Pacific contends that federal prosecutors knowingly allowed fire investigators to lie about their investigations. For more, click here...
Green Diamond buys 600,000 acres of Oregon timberland
Green Diamond Resource Co. has purchased nearly 600,000 acres of timberland in Southern Oregon, according to the Herald and News newspaper of Klamath Falls, Ore. For more, click here...
North American timber harvests rise
Increased North American log exports and higher softwood lumber production in the U.S. and Canada have resulted in a steady rise in timber harvests on the continent from 2009 to 2013, according to the Wood Resource Quarterly. However, despite the recent upward trend in log production, harvest levels in North America were still 40% higher 10 years ago than they were last year. For more, click here...
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