Helene Hammered Private Timberlands
Based on preliminary damage assessments conducted by the Georgia Dept. of Agriculture, the Georgia Forestry Commission, and the University of Georgia, Hurricane Helene left behind an estimated $6.46 billion in damage to Georgia’s agriculture and forestry industries, more than three times the damage from Hurricane Michael in 2018.
The 60-100 mile per hour winds that raged from Valdosta to Augusta took a heavy toll mostly on privately owned timberlands. The latest timber loss estimates from the Georgia Forestry Commission and the UGA Warnell School of Forestry state 8.8 million acres of timber were ravaged. The impact on one of Georgia’s top five commodities, timber, is expected to be $1.28 billion.
Latest News
Boise Cascade To Purchase Two Southern Engineered Lumber Facilities
Boise Cascade will purchase two southern engineered lumber facilities. The Boise-based company will purchase the facilities from Georgia-Pacific for $215 million. The facilities are located in Thorsby, Ala. and Roxboro, N.C. The acquisition is expected to be completed...
Swiss Krono Group Announces $230 Million Expansion In South Carolina
Swiss Krono Group, one of the world’s leading producers of engineered wood products, and its American subsidiary, KronotexUSA Holdings, Inc., recently announced the expansion of its existing operations in Barnwell County. The company is investing $230 million to build...
Have A Question?
Send Us A Message