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
Deere Recalls Employees Back To Work In Iowa, Kansas
John Deere announced that in mid-April it was recalling nearly 50 employees back to work by the end of April across its Dubuque Works and Davenport Works facilities in Iowa and Coffeyville Works in Kansas.…
Gresham House To Acquire Majority Interest In Molpus Woodlands Group
Gresham House, a specialist alternative asset manager, has announced an agreement to acquire a majority interest in Mississippi-based Molpus Woodlands Group, creating one of the world’s largest timberland investment managers with approximately $8 billion of…
Have A Question?
Send Us A Message