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Despite the pandemic, timber harvests in 2020 did not slow down in North Carolina
Story Date: 1/25/2022
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Source: NCSU COOPERATIVE EXTENSION, 1/20/22
Recent data shows that the NC timber industry is resilient
and continues to perform better despite the COVID-19 Pandemic. In 2020, the
total stumpage value of timber harvest, the value that landowners received for
their standing timber, was about $590 million, up 2.1% from a year ago.
Moreover, the total value that mills paid (i.e., the delivered value) was about
$1.2 billion, up 1.2% from the value reported in 2019. While the timber prices
were down in 2020, overall timber harvests were reported to increase by
approximately 5%. According to the 2020 US Forest Service Timber Product Output
(TPO) survey, sawlog harvests were up 7.6% from a year ago, however, pulpwood
harvests remained flat and composites including bio-energy harvests declined
from a year ago. Several counties realized significant changes in the values
from last year, due primarily to the changes in timber harvests (TPO) data.
Bertie, Beaufort, and Craven were the top three counties in terms of the 2020
timber delivered values, respectively. For county-wide stumpage and delivered
values of timber harvests in 2020, visit 2020 Timber Income Data.
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