Forestry companies doing well despite lack of softwood lumber deal

Despite the lack of a softwood lumber agreement with the U.S. and uncertainty with NAFTA, the two forestry companies using the Pasquia Porcupine Forest Management Area are doing quite well this year.

While lumber prices are high due to tariffs, there’s a large demand in the U.S. for the product, said Doug Braybrook, a woodland manager with Edgewood, which runs a sawmill in Carrot River.

“We’re secure as a business so long as the U.S. economy stays strong, housing starts stay high, but we do have some risk if their economy cools and taxes stay high. Then it will be challenging for our business.”

CONTINUE READING

Speak Your Mind

*