It’s not every day I get to hear one of America’s top forest industry CEOs speak on the global state of our industry. Mike Covey, CEO of Potlatch Corporation, recently spent the day in Missoula meeting with University of Montana College of Forestry and business students, faculty, and community members, then concluded his day with an hour-long lecture to over 200 folks on “The Transformation of Timberland Ownership and Markets in North America.”
In his presentation, Mike addresses why timber companies are becoming real estate investment trusts and how a global economy affects the U.S. lumber, timber, and log markets. While the U.S. will probably build some 5-7 million homes over the next five years, China has mandated close to 35 million. Where will they get their building products? A lot of it will come from North America. (By the way, companies looking to diversify their markets through exports will certainly benefit from presentations at the SmallWood Conference this June.)
The University of Montana’s video staff did a great job of filming Mike’s speech and I think you will enjoy watching his one-hour presentation and Q&A from the audience.