Timber Prices: 2005-2012

STARKVILLE, Miss. -- Managers of forestland that was damaged or destroyed during the March 24 tornado outbreak in Mississippi now face questions about the short- and long-term future of their property.

Timber loss was recorded in six of the state’s counties after aerial surveys conducted by the Mississippi Forestry Commission estimated more than $13 million in losses on 23,155 acres, of which 9,281 acres were on nonindustrial private forestland. Storms also battered Enviva’s wood pellet production plant in Amory, suspending operations there.

RAYMOND, Miss. -- An increase in both the amount of timber harvested and delivered wood prices landed Mississippi’s forestry industry in third place among the state’s agricultural commodities. At an estimated production value of $1.3 billion, timber is up 15% from 2021. Poultry and soybeans ranked first and second, generating an estimated value of $3.8 billion and $1.8 billion, respectively, in 2022.

RAYMOND, Miss. -- Mississippi has gained new timber mills over the last 18months, and producers have seen timber prices rise since last year.

STARKVILLE, Miss. -- Forestry is the third largest agricultural commodity in Mississippi for the second straight year with a production value of nearly $1.29 billion in 2021, up 5.7% over last year.

Although construction costs are through the roof timber prices have not kept pace, and Mississippi forest landowners are waiting for improved markets. Shaun Tanger, a forestry economics specialist with the Mississippi State University Extension Service, said the recent increase in construction costs is a demand-side phenomena.