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They can use the lumber fees from the forests to pay for the cost.
by pkaye 2y ago
They can use the lumber fees from the forests to pay for the cost.
- m0llusk 2y agoThat is much more complicated than it appears. Cutting and transporting trees is not easy or free, and there is already a huge glut of wood caused by the die off from phytophthera. Might still be worth looking into.
- Teever 2y agoI'm not from the region so I'm wonder if this glut of wood translating into low prices for end consumers?
- eigen 2y agolumber future prices are up over the last few months. currently 593, was 493 in July. https://www.nasdaq.com/market-activity/commodities/lbr https://www.nasdaq.com/market-activity/commodities/lbr
- xp84 2y agoHave you seen that happening? Did prices for wood even go down post-COVID back to their previous level?
- Teever 2y agoThat's why I'm asking. I live in Canada where we produce a tremendous amount of lumber but it's processed in the US and the prices spiked during COVID and while they've gone down haven't returned to anything resembling the baseline.
- sdenton4 2y agoBaseline before COVID, or baseline factoring in the (global) post COVID inflation spike?
- ssl-3 2y agoIt looks like it is more or less back to a rough pre-COVID baseline, if inflation is factored in: https://tradingeconomics.com/commodity/lumber https://tradingeconomics.com/commodity/lumber (But I'm certainly not seeing the glut of cheap lumber that others may appear to be alluding to here...)
- mapt 2y ago"Low prices for end consumers" seems to be around the current $3-$4 per 2x4x8 stud in retail terms, but standing lumber was never worth much even at the peak of the lumber shortage a couple years ago, it was all sawmill-limited.
- m0llusk 2y agoMost consumers want straight boards for building. Most wood, particularly from die offs, is curvy branches that may be useful when ground up for wood based products like pellets, MDF, or paper.
- hwestbrook 2y agoThis would be true if the federal allowed more than a nominal amount of logging. Most trees and logs come from private land. See page 8: https://crsreports.congress.gov/product/pdf/R/R45688 https://crsreports.congress.gov/product/pdf/R/R45688