Oregon Dept. of Forestry Seeks Operating Loan
State forestry officials are seeking changes to the way the state funds firefighting efforts after the agency had to ask the Oregon State Treasury for a $60 million loan to tide the agency over until it can get more money from the Legislature. After taking the brunt of this year’s $317 million in firefighting costs (almost half will be reimbursed—eventually—from the federal government), the Oregon Dept. of Forestry is broke.
According to ODF officials, the agency has had to ask for loans several times in the past 20 years, most recently in 2021. They add that firefighting costs have increased dramatically the past decade at a rate of more than $10 million annually of rising costs. The agency is working on a report that includes potential new funding models that will be forwarded to the 2025 legislature.
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Through Komatsu Forest AB, a wholly owned subsidiary in Sweden, Komatsu Ltd. is going to acquire Bracke Forest AB, headquartered in Bräcke, Sweden, which develops, manufactures, and sells application-specific attachments for silviculture. Tree planting is expected to expand worldwide for lumber production and environmental concerns, such as the promotion of carbon neutrality. At the same time, the need for mechanization is growing, especially because tree planting is labor-intensive work, with an increase in planting in remote areas, and a decrease in the workforce…
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