Florida state officials have announced that the U.S. Dept. of Agriculture has allocated $380.7 million in Federal black grant funding for Florida farmers devastated by Hurricane Michael, including direct relief for timber producers. Timber is the leading industry in the Florida Panhandle, and suffered a $1.3 billion economic blow from Hurricane Michael. An estimated 550 million trees, weighing 72 million tons, were damaged or destroyed by the massive Category 5 hurricane. Clearing downed timber can cost $2,000 per acre, compounding the crop’s financial loss.
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.
Hurricane Funds Aid SE States’ Recovery