O&C Land---Timber Bill and Log Prices

The following are two related articles from The Natural Resource Report

O&C Timber Bill may see Sept. hearing

http://naturalresourcereport.com/2013/09/farm-bureau-comdemns-cattle-killer/
September 9, 2013

O&C Timber Bill likely in September or October
Natural Resource Note:

 Congressman Greg Walden has been pressing for a bill for the O&C forest lands and now it appears to be likely to fall in September or October.  The issue made the leadership agenda among  10 other major items to be discussed this fall as detailed by a memo from Congressman Eric Cantor of Virginia. Memo agenda note:
 
Restoring Healthy Forests for Healthy Communities Act.  For over 100 years, the federal government has managed our national forests while sharing with impacted local communities a percentage of management revenue.Chairman Doc Hastings’s bill, Restoring Healthy Forests for Healthy Communities Act (H.R. 1526), renews the government’s commitment to rural communities, improves forest health, and will help prevent catastrophic wildfires which threaten millions of Americans through proactive measures. The bill also provides a short-term extension of the Secure Rural Schools payments program.

Timber & log prices drop

http://naturalresourcereport.com/2013/09/timber-log-prices-drop/
September 9, 2013

Timber Industry Report
By Rick Sohn PhD.
Umpqua Coquille LLC

 Interest rates increased last month, but real estate sales rose, as if homebuyers wanted to catch the bottom. Log prices dropped a lot, and lumber only somewhat, helping the mills. Seven-year trend of lumber, logs, housing, and mortgage statistics are shown below.

Interpretation
The price of lumber has decreased, but the price of logs has REALLY dropped. Net result? Logs are more affordable, mills
are breathing a sigh of relief, and are making some money.

Fire danger has decreased in areas of the Pacific Northwest where it has been raining, This will ultimately help keep log prices down since logging operations can proceed and logs become more plentiful. Fire season still has life however, and things can change with a dry September.

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