News  Agriculture  Crops

Georgia’s tree farmers are not seeing profits as lumber prices soar

April 02, 2021 10:55 AM

Lumber prices are soaring, but the benefits are bypassing Georgia tree farmers.

The state’s sawmills cut production by 20 percent last year, fearing a pandemic-induced recession, but demand went through the roof, spurred by quarantine do-it-yourself projects.

The state has more trees than it has seen in decades, and mills are struggling to cut them fast enough. Tree growers, however, are receiving $23 dollars a ton for pine logs, which is half of what they got in 2000.

Georgia pine lumber was selling for $350 dollars per thousand board feet in January 2020. By the end of the year, it was $748 dollars and hit close to $1,000 dollars this month.

Georgia sold $679 million dollars worth of wood in 2019.

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