News in timber

The Inflation Reduction Act, signed into law by President Biden on Tuesday, includes $5.0 billion for forestry—including forest management, planning, and restoration activities for federal and nonfederal forests—according to a summary by the Congressional Research Service.

The US National Interagency Fire Center reported on Sunday that the total number of large wildfires and complexes currently burning in the US has been reduced to 52, with more than 1.4 million acres across 16 different states currently burning.

At a community celebration on Thursday, the British Columbia provincial government and the Wei Wai Kum First Nation signed an Incremental Treaty Agreement (ITA) that will transfer 2,276 hectares of territorial lands back to Wei Wai Kum and help boost the Nation’s economic activities.

Over the past 3-years, the BC government has provided a $149,500 (CAD) to Atli Resources Limited Partnership (Atli Resources LP), which is the forestry arm of the ‘Na̱mg̱is First Nation. The funds were awarded through FP Innovations, a delivery agent for the Indigenous Forest Bioeconomy Program and the Indigenous Forestry Program.

The proposed Douglas-fir National Monument is once again up for discussion, after lying dormant during the Trump administration. The monument would sit mostly on the Willamette National Forest in the Cascade foothills.

The State of Michigan has approximately 4 million acres of state-owned forestland. That is more than any other state in the US. These forestlands and their trees are now at the center of a new industry: forest carbon markets.

The US National Interagency Fire Center reported on Monday that the total number of large wildfires and complexes currently burning in the US has grown to 69, with more than 1.690,492 acres across 15 different states currently burning. Two large new wildfires have been reported within the past 24 hours.

Domain Capital Group, LLC, a private investment management services firm, and its subsidiary, Domain Timber Advisors, LLC, announced the acquisition of nearly 3,400 acres of timberland located in middle Georgia and south Alabama, which will further enhance the company’s Southeast portfolio.

The Caldor Wildfire burned 346 square miles between August and October 2021. Nine months later, salvaged logs from the Caldor Fire have begun arriving in Douglas County, and they will soon be processed into finish lumber at a sawmill in northern Douglas County.

Manitoba Natural Resources and Northern Development Minister Greg Nesbitt announced on Tuesday that the Manitoba government is signing a memorandum of understanding (MOU) with the Mosakahiken Cree Nation and finalizing another MOU with Opaskwayak Cree Nation.