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Forestry consultants tell Municipal Officers inventory is on schedule but stumpage fell short of expectations
Summary
Prentiss & Carlisle told the Castle Hill Municipal Officers on Feb. 12 that the town's timber inventory remains on track with the 10-year plan but 2024 stumpage pricing underperformed, reducing expected revenue; the firm proposed quarterly communication with the town manager going forward.
Robert Chandler, vice president of Prentiss & Carlisle, and forester James Ryan reported to the Castle Hill Municipal Officers that the town's timber inventory is on target with the town's 10-year plan but that stumpage prices realized in 2024 were lower than budget estimates.
The presenters said the 2024 budget included planned harvest volume, but revenue from stumpage sales was below estimate, reducing expected receipts. Prentiss & Carlisle proposed quarterly communications with the Town Manager and said the town's budget for next year will be provided earlier to allow the town to plan for price variability.
The minutes do not list dollar amounts, specific acreages or projected revenue changes. The Municipal Officers recorded the presentation and proceeded to other agenda items.
