https://www.businesswire.com/ February 14, 2022 07:00 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–BTG Pactual Timberland Investment Group (TIG) and British Columbia Investment Management Corporation (BCI) have created Caddo Sustainable Timberlands, LP (CST), a platform company focused on building exposure to southeastern US timberlands. CST’s investment mandate is to generate superior risk-adjusted returns for investors while ensuring […]
https://www.magnoliastatelive.com/ Published 1:27 pm Wednesday, February 2, 2022 The Adams County Board of Supervisors and Natchez Inc. have secured $1.8 million in grant funding to aid in the completion of the Belwood Levee. The Belwood site is currently under an option to purchase by Velocys for its Bayou Fuels facility. Bayou Fuels, once operational, is […]
Winona (MS) Times, By ALEX ROZIER – MISSISSIPPI TODAY Mon,01/03/22-12:48PM New programs in Mississippi will pay timber and farmland owners to store carbon as part of a growing market aimed at reducing emissions and slowing climate change. Landowners can receive what are called “carbon credits” based on how much carbon they sequester, or store, in […]
Northwest Arkansas Democrat Gazette, by Matthew Pelkki and Nana Tian Special to The Commercial, December 24, 2021 at 2:50 a.m., The year 2021 has been a roller coaster. Softwood lumber prices have seen at least four wide swings in prices, both up and down, since the pandemic started in 2020. And that roller coaster hasn’t […]
MagnoliaReporter.com, Dec 24, 2021, PotlatchDeltic Corporation has announced a merger with Loutre Land and Timber Company of El Dorado. PotlatchDeltic issued 1.96 million shares of common stock and assumed debt of $6.6 million in exchange for Loutre’s 51,340 acres of high-quality, well-stocked timberlands in southern Arkansas and northern Louisiana. Thursday’s closing stock price for PotlatchDeltic […]
KLTV, Tyler, Texas, By Bob Hallmark Published: Dec. 23, 2021 at 2:01 PM CST, LONGVIEW, Texas (KLTV) – It’s been a difficult year for the lumber industry with supply shortages, and inflated prices because of it. It’s been equally challenging for East Texas timber harvesters, trying to find enough lumber to meet demands. Searching tracts […]
Bloomberg, ByMarcy Nicholson November 30, 2021 Follow the authors @Marcy_Nicholson Lumber prices are poised to return to highs last seen in June after heavy rains and flooding in Canada’s westernmost province closed roads and caused the world’s biggest producer to curb shipments. Lumber futures rose as much as 3.8% in Chicago on Tuesday to $824.50 […]
Global Newswire, November 03, 2021 17:42 ET | Source: Stella-Jones Inc. MONTREAL, Nov. 03, 2021 (GLOBE NEWSWIRE) — Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) announced today that it has entered into a definitive agreement to purchase the shares of Cahaba Timber, Inc. (“Cahaba Timber”) through its U.S. subsidiary for US$36.5 million, including working […]
Montgomery (AL) Advertiser, Hadley Hitson Montgomery Advertiser October 28, 2021 First, Richard Grice lost two of his employees who died in August after testing positive for COVID-19. Then, after falling behind on monthly payments, he lost all of his logging equipment to the company that financed it. Luckily, he says, he didn’t put his home […]
NASDAQ, PUBLISHED OCT 26, 2021 9:13AM EDT, (RTTNews) – West Fraser Timber Co. Ltd. (WFG, WFG.TO), a Canadian forestry company, announced on Tuesday that it would acquire Georgia Pacific owned oriented strand board or OSB mill, located near Allendale, South Carolina for about $280 million in cash. The total investment for the Allendale acquisition is […]
TableTop Texas Farm Bureau, October 20, 2021, By Julie Tomascik The tall, tall trees in East Texas stretch to the sky and are cared for by timber farmers and foresters. In fact, growing trees is similar to growing row crops like corn, wheat and grain sorghum. It just takes a lot longer. Timber farmers plant […]
Toronto Star, By The Canadian Press Tue., Oct. 12, 2021, VANCOUVER – West Fraser Timber Co. Ltd. is expanding its U.S. operations after reaching an agreement to purchase a lumber mill in Lufkin, Texas, for about US$300 million. The purchase from Angelina Forest Products will be funded with cash on hand and is expected to […]