Compared to the initial, 2016, Canadian Forest Industries Contractor Survey and the subsequent B.C. provincial governments Logging Contractor Sustainability Review, which outlined proposals to improve relationships between the contractors and mills, things, at least on the surface appear to be much better in 2020. For example, logging rates have improved according to nearly half of all of the Coastal contractors, revenues are up too, and more younger people are working in the industry. But some headwinds remain, such as higher operating costs, which lead to low profit margins, and regulatory issues including export policies and stumpage fees. These issues will need to be addressed to ensure the situation on the Coast improves for all contractors, not just the big players.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
2020 Contractor Survey: Regional View – BC Coast