Forest Products

starbust image Forest Products

Forest Products

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Executive summary

Industry information for Forest Products in the Pacific Northwest. Updated 3/31/2024
AgWest Farm Credit’s 12-month outlook sees forest products manufacturers and timberland owners as slightly profitable.
12-MONTH PROFITABILITY OUTLOOK
12-Month Profitability Outlook
INDUSTRY DRIVERS
  • Compressed lumber mill margins
  • Tight log supply
  • Declining demand from Japan
  • Higher estimated taxes on Canadian lumber imports
  • Strong timberland values

Profitability

Forest products manufacturers and timberland owners should be slightly profitable over the next 12 months. The combination of low prices and high costs is pressuring mills; however, a slight increase in demand could have an outsized impact on prices and profitability. Import taxes on Canadian lumber should support lumber prices. Regulations are reducing the flow of logs from state and private forests. Demand from Japan, a significant buyer of high-value Douglas-fir, has declined. Timberland values remain strong.



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News

Spokane, WA | April 4, 2024

A complex landscape for Northwest agriculture

posted by AgWest Farm Credit

AgWest Farm Credit has released its quarterly Market Snapshot reports covering the state of major agricultural commodities in its northern region of Idaho, Montana, Oregon, Washington and Alaska.

Spokane, WA | January 24, 2024

Challenging conditions for many ag industries in the Northwest

posted by AgWest Farm Credit

AgWest Farm Credit has released its quarterly Market Snapshot reports covering the state of major agricultural commodities in its northern region of Idaho, Montana, Oregon, Washington and Alaska.

Spokane, WA | October 4, 2023

Outlook mixed for ag industries in the Northwest

posted by AgWest Farm Credit

AgWest Farm Credit has released its quarterly Market Snapshot reports covering the state of major agricultural commodities in its northern region of Idaho, Montana, Oregon, Washington and Alaska.
Market Snapshots

September 30, 2023

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Industry Perspective

January 19, 2023

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