Impacts of 2020 Wildfires on West Coast Log Supply and Timber Markets
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In a short period of time, wildfires in western Oregon have damaged large volumes of standing timber, including inventory located on privately-owned industrial timberlands. The damage from these wildfires will impact log markets in the West for quite some time. In the near-term, salvage operations will attempt to recover as much of the burned timber as possible; and in the longer run, the loss of billions of board feet of timber will further stress log availability in a region already constrained by tight timber supply.
This study will provide detailed estimates of timber losses for three regions in western Oregon. The analysis will examine both the near-term and longer run impacts of the wildfires on log markets in these regions.
Topics Covered
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- Impacts to Timberland and Timber Volume
- By subregion
- By ownership class
- By forest type
- By age-class
- Salvage Opportunities
- Estimates of recoverable volumes
- Shelf-life of fire damaged logs
- Suitability of damaged logs for lumber, plywood/veneer, export
- Status of Logging and Hauling Capacity
- Lost equipment estimates
- Opportunities for “surge” capacity from other regions
- Near-term Log Market Expectations
- Green/burned share of log harvests
- Private/public share of log harvests
- Log price estimates
- Long-Term Outlook
- Impacts to available timber supply
- Shifts in age-class
- Outlook on log pricing and estimates on the shift in log prices pre/post wildfires
- Estimates on regional product output pre/post wildfires
- Impacts to Timberland and Timber Volume
Key Questions Answered
- What is the area affected by the fires in terms of ownership class, damage severity, forest type and age class?
- What is the volume of damaged timber on industrial timberlands?
- What are realistic expectations in terms of volumes and timing for salvage operations? What will be the limiting factors?
- How has the wildfires affected the region’s logging and trucking sectors?
- How has expected harvest volumes shifted over the next 15 years?
- What is the likely impact on log prices both near-term and longer run? How will this affect the competitiveness of the region’s mill capacity?