Timber Tales: Spring, 2020
LSU AgCenter
One of the major external risks associated with forestland ownership is market risk. The recent unexpected decision of Georgia Pacific to close their communication paper division, wood yard, and pulp mill and consequently discontinue accepting pine and hardwood roundwood deliveries at the GP Port Hudson facility will affect mill workers, loggers, forest landowners and foresters across a large geographic area for a long time. This closure is a close-to-home example of market risk for those of us in Louisiana.