Society of American Foresters Georgia Annual Meeting June 27, 2006 "The Effects of Forest Ownership Changes on Wood Procurement" William F. Miller Miller.

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Presentation transcript:

Society of American Foresters Georgia Annual Meeting June 27, 2006 "The Effects of Forest Ownership Changes on Wood Procurement" William F. Miller Miller Timber & Land Properties, LLC

Four Wood Procurement Systems 1.Contractor 2.Company Controlled Stumpage 3.Direct 4.Supplier/Dealer

Who's buying the land - how do they manage land? 1.TIMO's 2.Industry – REITS 3.Investor (flipper)

Owner of the trees holds the TRUMP Card

What has happened in Wood Procurement? 1.Pine pulpwood surge - prices dropped 2.TIMO's REITS harvest on their schedule 3.Industry has replaced inventory 4.Land leaving wood production

Where is Procurement going? 1.Thinning surge - then prices increase 2.Grant & Huber = 4 to 5 million tons 3.Industry will carry more industry 4.Some mills may not survive