Oregon Returns $61 Million In Timber Revenues
Out of almost $100 million in overall timber sale revenues in 2022, the state of Oregon has returned $61 million to the counties that have state forest acreage. State law requires two-thirds of forest revenues be distributed to the Forest Trust Land Counties, with the remainder earmarked for state forestry operations. Oregon operates five state forests that cover 729,000 acres of timberland. Overall, 12 counties shared in the revenues, led by $19.1 million to Clatsop County which contains the 147,000 acre Clatsop State Forest. The 357,000 acre Tillamook State Forest is Oregon’s top producer, generating $30 million shared by three counties.
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Interfor To Acquire Chaleur Forest Products
Interfor has announced today that it has reached an agreement with an affiliate of the Kilmer Group to acquire 100% of the equity interests in the entities comprising Chaleur Forest Products. Chaleur owns two modern and well-capitalized sawmill operations located in Belledune and Bathurst, New Brunswick, with a combined annual lumber production capacity of 350 MMBF. Chaleur also operates a woodlands management division based out of Miramichi that manages approximately 30% of the total…
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