Timberlands Market News

Timberlands

A new forest supervisor now leads the Cherokee National Forest in Tennessee, USA. Mike Wright began his official duties in the role August 15, after serving in an acting capacity since April

The U.S. Department of Agriculture (USDA) has awarded $5.5 million in grants for conservation projects on 11 forests from Alaska to North Carolina. Nearly $500,000 was awarded to the creation of Little Pisgah Labs Community Forest near the Pisgah National Forest in Western North Carolina.

The Forest Practices Board (British Columbia, Canada) will audit the forest planning and practices of Lake Babine Nation Forestry Ltd. on First Nations Woodland Licence (FNWL) N21, located near Burns Lake, during the week of Aug. 8, 2022.

Weyerhaeuser Company reported 2Q 2022 net earnings of $788 million, or $1.06 per diluted share, on net sales of $3.0 billion. This compares with net earnings of $1.0 billion, or $1.37 per diluted share, on net sales of $3.1 billion for the same period last year and net earnings of $771 million for the 1Q 2022.

U.S. Agriculture Secretary Tom Vilsack launched a new $1 billion Community Wildfire Defense Grant program. This new, five-year, competitive program is designed to assist at-risk communities, including Tribal communities, non-profit organizations, state forestry agencies and Alaska Native corporations with planning for ...

During the 2Q 2022, Acadian Timber Corp. generated sales of $16.5 million, compared to $19.4 million in the prior year period. During the first half of 2022, Acadian generated sales of $43.1 million compared to $45.3 million in the prior year period. The weighted average selling price, excluding biomass, increased 11%,...

The Russian National Voluntary Forest Certification System (FCR) has been suspended by the PEFC International Board, in mutual agreement with PEFC Russia. The suspension is effective as of 11 August 2022 and suspension is initially valid until 31 December 2022.

PotlatchDeltic Corporation reported net income of $120.2 million, or $1.72 per diluted share, on revenues of $359.6 million for the quarter ended June 30, 2022. Net income was $187.9 million, or $2.77 per diluted share, on revenues of $447.5 million for the quarter ended June 30, 2021.

The U.S. Department of Agriculture’s Forest Service is initiating emergency fuels reduction treatments to provide for the long term survival of giant sequoia groves against immediate wildfire threats. Encompassing approximately 13,377 acres that will protect 12 giant sequoia groves, the emergency fuels treatments would...

Enviva Inc. announces the establishment of the Enviva Heirs Property Fund (EHPF), an initiative dedicated to ending involuntary land loss across the U.S. Southeast. EHPF’s efforts will begin in 2022 in Mississippi and North Carolina, and will expand to include direct financial aid to landholders incrementally throughou...

Investment companies are seeing a strong movement towards ESG type investments in forestry and natural resource assets. A lot of that demand is coming out of Europe as people are trying to meet their climate and carbon neutrality goals. Joe Sanderson, managing director and CEO of natural resources at Domain Timber Advi...

The Forest Practices Board will audit the forest planning and practices of Interfor Corporation on tree farm licence (TFL) 18, located near Clearwater, during the week of July 11, 2022. Auditors will examine whether harvesting, roads, silviculture, fire protection and associated planning carried out between July 1, 202...

The Departments of Agriculture, the Interior and Homeland Security through the Federal Emergency Management Agency (FEMA) are announcing the selection of members to the Wildland Fire Mitigation and Management Commission.

The 9th FSC General Assembly will take place as a hybrid event in Bali, Indonesia from 9 to 14 October 2022. The FSC General Fssembly is FSC’s highest decision-making body, attracting hundreds of participants from indigenous people, environmentalists, business and others in FSC membership.

Molpus Woodlands announced Terrell Winstead will become Molpus’s new President on August 1, 2022. Bob Lyle, Molpus’s current President, will transition from day-to-day management but will continue to serve Molpus as Special Advisor to the President, as well as continuing to serve as a member of its board, its investme...

The U.S. Department of Agriculture announced the names of individuals who will hold senior staff positions in Washington, D.C. Eric Deeble was appointed Deputy Assistant Secretary for the Office of Congressional Relations. Bernie Kluger will serve as Senior Advisor for Management in the Office of the Secretary. Yeshime...