Northern Wisconsin Loggers Delaying Harvests
Tuesday, December 27th, 2016 -- 10:02 AM
Some northern Wisconsin loggers are delaying timber harvests in the hopes the market will improve.Wisconsin Public Radio reports that prices for timber products have dropped over the past eight months. Henry Schienebeck, executive director of the Great Lakes Timber Professionals Association, says an oversupply of raw material on the market is leading some to consider their options.
Forrest Gibeault, an analyst with forestry consulting firm Steigerwaldt Land Services in Tomahawk, says larger mills don't have as much need for wood since they have full inventories.
Delaying harvests has increased uncertainty for northern Wisconsin counties that aren't paid for timber sale contracts until the wood is harvested. Some sawmill owners say they need the surplus of wood to help drive prices down on the material they buy from loggers.
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