New Hampshire Governor’s Veto Of Biomass Bill Devastates Forest Industry

Gov. Chris Sununu vetoed Senate Bill 365 last month, a critical bill for six New Hampshire biomass plants that provide a market for our local forest landowners to sustainably manage their lands. It has only been a few weeks and already our state’s $1.4 billion forest economy is reeling from his decision. Since his veto, […]

Gov. Chris Sununu vetoed Senate Bill 365 last month, a critical bill for six New Hampshire biomass plants that provide a market for our local forest landowners to sustainably manage their lands. It has only been a few weeks and already our state’s $1.4 billion forest economy is reeling from his decision. Since his veto, three biomass plants have terminated purchasing wood fuel for their plants with the remainder soon to follow.

Many logging companies, small and large, are already facing drastic layoffs, equipment repossession and bankruptcy. Ongoing forestry operations are near half-production as biomass markets plummet. Prices for biomass and all other low-grade wood products (pulp for paper mills and firewood) are tanking and lowered delivery quotas are in place.

Total forestland real estate values are dropping. (There are more than 100,000 private forest landowners who own 3.2 million acres in New Hampshire.) Other industries connected to the forest industry, such as fuel companies, tire companies, heavy equipment dealers and wood ash for farmers’ fields are already experiencing millions of dollars in lost production and sales. (Equipment dealers lost more than $5 million in sales the day after the veto.)

Statewide, towns will lose thousands of dollars of yield tax revenues from timber harvesting operations and foregone truck registrations. Moreover, current use tax rates will fall in the ensuing years, causing further budget constraints for property tax burdened towns.

Salvage operations for tornadoes, wind and ice storms, insects and disease are now near impossible and will impose extremely high costs for state and local communities. Fire danger will increase because woodlands will not be properly thinned and more slash fuel will be left in the woods.

From the Concord Monitor: https://www.concordmonitor.com/Sununu-veto-devastates-forest-industry-19038938

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

POST A COMMENT

Your email is never published nor shared. Required fields are marked *

*
*

Subscribe

Looking to subscribe to Wood Bioenergy magazine? It's simple, just follow the link to our online subscription form and complete the required fields and submit. If you'd rather talk to a real live human being, feel free to give us a call at (800) 669.5613'

Contact

To contact Wood Bioenergy magazine, either call (334) 834-1170 or email us at [email protected]

TAG CLOUD