Georgia Timber Industry Faces Challenges Following Mill Closures and Falling Demand
The closure of International Paper's mills in Georgia has led to a 60% drop in timber demand, significantly impacting local businesses and jobs. The price of pulpwood has fallen drastically, prompting some landowners to avoid replanting. Governor Brian Kemp has allocated $14 million for timber innovation, mostly for a Georgia Tech initiative. A bipartisan bill to eliminate local taxes on timber sales is under consideration. Industry leaders are seeking innovative solutions, including a shift to mass timber and sustainable aviation fuel production.
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The Georgia timber industry is facing severe challenges following the closure of International Paper's mills, leading to a 60% drop in timber demand. Pulpwood prices have plummeted from $15-16 to $5-6 per ton.
Consequently, many landowners are reluctant to replant, as costs exceed potential profits. Governor Brian Kemp has proposed $14 million for timber innovation initiatives at Georgia Tech. A bipartisan bill to remove local taxes on timber sales awaits a House vote. Industry leaders are exploring mass timber and sustainable aviation fuel as alternative avenues for growth amid job losses exceeding 1,600 since the closures.
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