} If you are a building supplier, the economic outlook for 2021 is It has offices in all 75 counties in Arkansas and faculty on five system campuses. Forestry. //alert(str); One example is the Magnolia Arkansas Cross This will greatly benefit the forest products industry as well, he said. looking better than expected following the COVID-19 pandemic. Forest resource companies own or lease 23 percent of the state's timberland.

There will be a continued increase in the wood pellet market, and the global market Commercial row crop production in Arkansas. In 2021 alone, Drax Group announced plans to invest $40 million to develop three new satellite pellet plants in Arkansas that will provide biomass pellets for power stations in the United Kingdom, and FiberPro in Hot Springs unveiled its plans to expand its manufacturing facility, investing more than $3.1 million and creating 69 new jobs. if(c === inner) All Rights Reserved. increased house starts and the limited supply due to COVID-19. These new and existing companies are helping to make Arkansas timber and forest products industry stronger and stronger every day. The mill would have created hundreds of direct and indirect jobs. css.setAttribute("media", "print"); Our site uses cookies. [CDATA[ Meanwhile, oak and hardwood stumpage prices in both Arkansas and the South continued However, the deal to build the plant was terminated in March. aggressive in building new homes. } oppose to growing more pine which there is a surplus, said Tian. var iFrameID = document.getElementById('idIframe');

of Agriculture offer all of their programs to all eligible persons without regard test = "ptac-faq-answer" + test; Licensing for forestry and wildlife professionals. Despite the pandemic, housing starts showed continued strong

for (var i in d) { function s4() { inner.style.visibility = 'visible'; about 655 workers in this region. function guid() { According to Dr. Matthew Pelkki, the George H Clippard Endowed Chair of Forestry at the University of Arkansas Monticello, the combination of workforce and resources makes Arkansas a strong, long-term leader in the timber industry. inner.style.visibility = 'hidden'; //

a++; prices, Tian said, adding that the composite lumber price increased by nearly 100 /* Written by Amit Agarwal - labnol.org */ //alert(iFrameID.height); Arkansas is #4 in the American South for the total number of seedlings grown and is #1 for the number of hardwood seedlings grown. children[y].innerHTML = "+"; //alert(c.id); The Arkansas Forestry Commission estimated that from 2011 to 2015 Arkansas grew about 25 million tons of pine timber, the wood that Sun Paper needed. Academic programs are Standardized wood pellets provide a promising c++; Arkansas is the third most timber-dependent economy in the nation. var head = document.head || document.getElementsByTagName('head')[0]; The mill would have created hundreds of direct and indirect jobs. //alert(d.length); The Division of Agriculture is one of 20 entities within the University of Arkansas Two factors came together after the Civil War that transformed Arkansas into one of the top timber states in the country. Increase your knowledge of public issues & get involved. // ]]> var css = document.createElement('style'); // ]]> In the very long-term, the additional $2-3 trillion of debt that all Americans have taken on could influence economic growth in the future for decades to come., Arkansas headlines delivered to you on demand. About 16.1 million tons of pine timber was harvested, leaving 8.9 million tons statewide.

is completed, it will have the capacity of producing 675,000 metric tons of sustainably Guiding entrepreneurs from concept to profit. During the mid-1990s, the sector was one of the largest in the state. var count = 1; d[i].id = "threecolaccord" + a; Expansion Solutions online is a worldwide service of Cornett Publishing Co., Inc. 1996-2020, all rights reserved. According to the 2021 Timber Outlook //

An increase in the use of paper in shipping, restaurants, groceries, and In most categories, prices received by landowners have continued to decline over [CDATA[ Both professors teach forest economics at UAMs College of Forestry, Agriculture var d = new Date(); production in 2020. Learn more about our use of cookies: cookie policy, The Nations Wood Basket: Timber Industry in Arkansas in Booming. All Rights Reserved, Ethics charges, teacher bonuses debated at capitol; Governor concerned with action on teacher pay, Mercy cancer center also planned for Fort Smith, Credit loss provisions pare Bank OZK net income in Q2, Director eval of Fort Smith city boss still pending, Arkansas Secretary of Public Safety resigns for health reasons, Little Rock-based Roadway Management Technologies receives national award, Craighead County among top counties for new COVID-19 infections, Staffing, cost issues make for uncertain prognosis for Arkansas health care providers, Envirotech selects its first vehicle dealer in Arkansas, ASU System President discusses HSU future, new Jonesboro chancellor, State Chamber chief estimates two job openings for every unemployed person in Arkansas, Budget chair says guardrails in place for accelerated tax cuts, U.S. Rep. French Hill focused on inflation-reducing efforts, Shelley Simpson named J.B. Hunt president, Fayetteville firm SupplyPike receives $25 million in series B capital, The Supply Side: Field Agent launches Plum marketplace for supplier services, J.B. Hunt to open West Coast transload facility, Dr. Nate Smith on reopening businesses, a fall school schedule, and the quest for a vaccine, Restaurants, real estate the topic of upcoming Zoom webinar hosted by ULI NWA. think in a pandemic that people would be wanting to move to new homes or relocate, 2022 Arkansas Farm Bureau. } [CDATA[ Unemployment c = document.getElementById('threecolblock' + i); } For every tree harvested in the state, 1.7 trees are replanted and grown. said Pelkki. Softwood lumber prices had historic increases as remodeling and housing demand outpaced The Southwest, Ozark, and Ouachita regions contain 88 percent of the forestland in the state. var googleAccountID = "UA-39815896-1"; Making sound choices for families and ourselves. The sheer abundance of wood in Arkansas is a driving factor in attracting new companies to the state. Based in Conway, this facility a $90 million investment provides mass timber products, sourced from Arkansas-grown trees, for Walmarts new Home Office campus in Bentonville. The five-year average for growth of pine timber is 25.1 million tons with 15.6 million tons being removed from Arkansas forests. for (var e in c) { var str = x.id; These record price levels were driven by better-than-expected gross domestic product, known as the GDP, showed a V-shaped decline and recovery //alert(str); else 2019 levels. size is predicted to reach U.S. $23.604 billion in 2025. Georgia-Pacific closed parts of its plant at Crossett, including the bleached board wood.. for Arkansas report, 2021 is expected to be an economic mixed bag for various forest interdisciplinary expertise through a partnership between the University of Arkansas str = str.substring(14, str.length); and extension and outreach activities are coordinated by the Arkansas Cooperative var b = 0; d = document.querySelectorAll('[id^=threecolblock]'); Laminated Timber facility will be qualified to produce commercial building products This is a long-term c = document.getElementById('ptac-faq-answer' + str); Use virtual and real tools to improve critical calculations for farms and ranches. production potential, which brings a significant rise in trade across the globe. Through the University of Arkansas System Division count = d.length; The Forestry Division also provides information on tree planting, site preparation, and timber stand improvement, as well as site recommendations for protection and improvement of the states water and wetland resources.. every year through thinning or by natural disasters like hurricanes and tornadoes. iFrameID.height = iFrameID.contentWindow.document.body.scrollHeight + "px"; in 2021, and as such, the Federal Reserve has shown no desire to raise rates. In actual dollars, it currently stands at 2017 These pellets will be manufactured for the companys Pit Boss Grills and Louisiana Grills brands. Wood var children = document.querySelectorAll('.ptac-plus .ptac-sign'); function accordionClick2(b) { } The University of Arkansas System Division of Agriculture offers all its Extension In March and April, the aggregate U.S. housing construction markets were negative and upgrade for its plant together with Orion Energy Partners L.P. Tree planting and other silvicultural operations will be severely curtailed as immigrant workers with H2B visas are restricted in number and those that are available will be working in food production.

These companies join a strong existing industry made up of companies that include Anthony Timberlands Inc., The Bryce Corporation, Clearwater Paper, Domtar, Evergreen Packaging, Green Bay Packaging, Georgia-Pacific, Graphic Packaging International, Hood Packaging, International Paper Company, PotlatchDeltic, Rockline Industries, West Fraser, WestRock Corporation, and Weyerhaeuser. In 2016, a Chinese company proposed to open Sun Paper, a $1.5 billion paper mill in Clark County. Keep our food, fiber and fuel supplies safe from disaster. National Forests account for 13 percent of Arkansas's total forested acreage. inner.style.display = "none"; var b = 0; Located squarely in the nations wood basket, Arkansas is a leading destination for timber, paper and forest products companies looking for abundant resources, a talented workforce, and a welcoming business climate. Highland Pellets LLC, a Pine Bluff-based wood pellet producer, declared an expansion var a = 0; { Once the upgrade else Railroads expanded lines in the Natural State, and mechanized sawmills made clearing timber more easy. } else { The electricity generated from wood biomass was 12 billion kilowatt-hours inner.style.opacity = '1'; else // ]]> var d = document.querySelectorAll('#threecolaccord'); however, yard inventories are low, especially in red and white oak. Dansons USA set its sights on south Arkansas, announcing its plans to set up the nations largest barbecue wood pellet mill and distribution center in Hope. var test = "" + str; } to crane mats, bridge panels, and shoring wall markets without this Timber Products delivered by the College of Forestry, Agriculture, and Natural Resources through the Single-family housing starts will continue to grow. }

Pelkki said he doesnt expect prices to go down much and the rise in price will be a strong housing market with 1.5-1.6 million new starts in 2021, said Pelkki. { Before looking ahead, its worth looking back at the economic situation facing the Then theres one of the pandemics most infamous ripples, the mass panic-buying of toilet paper, paper towels and other household paper goods. "&ec=print&tid=" + googleAccountID + "&cid=" + guid() + else Stumpage prices in Arkansas and the South. var GIF = "https://ssl.google-analytics.com/collect?v=1&t=event" + d = document.querySelectorAll('[id^=ptac-faq-question]'); Hardwood lumber production in the South and Arkansas fell to exceptionally low levels Crapemyrtles, hydrangeas, hort glossary, and weed ID databases. their programs range statewide with the mission of developing and delivering teaching, Housing starts showed continued strong growth in 2020, fueled by years of pent-up c.style.display = "none"; One of the most essential elements of Arkansas timber and forest products industry is its workforce and workforce training infrastructure. for (var i in d) { Providing unbiased information to enable educated votes on critical issues. prices in 2021 and the near future will keep flat as in previous years, especially inner.style.visibility = 'hidden'; However, it did show growth There is active, enthusiastic support for the timber and forest products industry in the state Capitol and around the state. The recession devastated the housing and building markets. status, genetic information, or any other legally protected status, and is an Affirmative

d[i].id = "threecolblock" + c; levels.. If you operate a family-owned distribution of effective vaccines that the economy should recover to pre-pandemic We are blessed to be able to expand our operation and open our new pellet mill location in Hope, Arkansas. if(c === inner) U.S. to reach 4-5 percent. The company hoped to use about 4 million tons per year. } [CDATA[ Industrial wood pellets could be used as a substitute for coal in power plants the public. } // here you can make the height, I delete it first, then I make it again Research-based connection to government and policy issues. Of that total, 15.3 million acres, or 80 percent, is private land, while the remaining 3.7 million acres is public land. and Center are headquartered at the University of Arkansas at Monticello campus, but if(inner.style.display === "block") in 2020 with low demand for lumber due to the pandemic. } heat and electricity, said Pelkki. indicators as we start 2021.