The province of Prince Edward Island (PEI), Canada, announced in a press release that it is offering to buy land near buffer zones, watercourses, or wetlands. PEI says it will buy land from owners at fair market price to support conservation, tree planting, and/or reforestation activities.
News in timber
Domain Timber Advisors Adds 22,000 Acres to Its Southeast US Timberlands Portfolio
Domain Timber Advisors, a subsidiary of Domain Capital Group, announced that it has acquired approximately 22,000 acres of timberland throughout the southeast US. With these acquisitions, the total acreage under the company’s management is now more than 264,000 acres.
US Forest Service Estimates That 36.3 Million Trees Died in California in 2022
A recently released report from the US Forest Service says that an estimated 36.3 million trees died in California in 2022. According to the report and reporting by ABC10, the high tree death rate is due to several factors, with drought at the top of the list.
Oregon Department of Forestry Provides $4.4 Million in Grants to Increase Capacity of Tree Nurseries
Recent wildfires, disease, and pests have led to millions of acres of Oregon land being deforested. To help address the issue, the Oregon Legislature provided the Department of Forestry with $4.4 million in grants to help ten tree nurseries increase their ability to produce seedlings.
US Forest Service Accepting Applications for Wood Innovations Projects
The US Department of Agriculture’s Forest Service has announced that it has begun accepting applications for the Wood Innovations Grant and Community Wood Grant programs. Totaling $41 million, the grant programs are intended to spark innovations and create new markets for wood products and renewable energy.
J.P. Morgan Asset Management’s Timber-Investing Arm Acquires 250,000 Acres of Southern Pine
Fox Business News reported Wednesday that J.P. Morgan Asset Management’s timber-investing arm has acquired 250,000 acres in the Southern pine belt for more than $500 million, marking Wall Street’s latest big woodland purchase made with an eye toward carbon markets.
Sharp Decline in Alberta’s Mountain Pine Beetle Population is No Reason to Let Guard Down
A sharp decline in Alberta’s mountain pine beetle population is a positive development for the province’s economy and its forests. But according to Bruce Alexander, general manager of Sundre Forest Products – West Fraser, neither the lumber industry nor the government can let down their guard.
British Columbia Government Transfers Waterfront and Prime Forestry Land Back to Lake Babine Nation
The BC government and the Lake Babine Nation announced on Friday that they are taking the next step in the signing of a land transfer agreement. The agreement will enable the Nation to regain control of 20,000 hectares of waterfront and prime forestry land within their territory.
Auburn University Research Team Studies Role of Climate-Smart Forestry in Southeast US
A team of Auburn University researchers has published the first study to define, outline, and apply novel climate-smart forestry (CSF) principles to North America, specifically the southern US. The study, recently published in the journal Forests, sought to define CFS within the southeast US.
BC Government Announces New Forestry Program with Dedicated Fiber Supply for Certain Value-Added Manufacturers
On Tuesday, the BC provincial government announced that for the first time, small and medium sized secondary manufactures will have a dedicated fiber supply under a new licensing program. The BC Timber Sales Value-Added Manufacturing Program will be open to facilities producing high-value products.