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DNR economists present revised timber forecast; fund balances at risk as removals and prices fall; board adopts small conservation transfer
Summary
DNR's February forecast showed timber sales and removals revised sharply down (sales volume now estimated near 400 million board feet, price reduced to about $340 per MBF), driving downward fund-balance projections for RMCA and the Forest Development Account; the board adopted Resolution 16-73 to add 5.6 acres to Stavis NRCA.
DNR staff told the Board of Natural Resources on March 3 that timber revenues and volumes are now forecast materially lower than earlier estimates, a trend that is straining fund balances used to manage trust lands.
Christopher Larson, DNR lead economist, presented the February forecast (based on data through January) and summarized major revisions: "We're reducing the forecast to 400,000,000 board feet," he said, noting an associated timber-sales price reduction to about $340 per thousand board feet. Larson described timber-sales volume moving from an earlier 500 million estimate toward a lower outcome and said…
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