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.
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Forest Service Looks At Carbon Capture
U.S. Dept. of Agriculture’s Forest Service announced a Notice of Proposed Rulemaking (NPRM) that would allow the agency to consider proposals for potential carbon capture and sequestration projects on national forests and grasslands. This proposal would harmonize the framework between the federal government’s two largest land managers by aligning with regulatory structures already…
Highland Pellets Expanding To Mississippi
In late October Highland Grenada, LLC, an affiliate of Highland Pellets, LLC, announced the pending purchase of the former Georgeia-Pacific OSB mill site to build a new export pellet plant. According to news reports, the new plant will be a “replica” of Highland Pellets’…
Enviva Takes Huge Stock Price Hit
Enviva’s stock price, which has been falling all year from a high of $51 in January, sank to under a $1 a share on Thursday after a new interim CEO delivered a sobering third-quarter earnings call that raised questions about the company’s viability, blaming unfavorable wood pellet pricing, problems at a plant in Virginia, higher interest expenses and other factors…
Rotochopper Celebrates Manufacturing Month
During the month of October, Rotochopper shines a spotlight on the incredible innovations, processes, and stories that make the company a standout in the world of manufacturing. Individuals were invited to explore the latest advancements in manufacturing technology by participating in the Central Minnesota Manufacturers Assn. (CMMA) virtual tour of manufacturing…
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