Pine market slump - WALB.com, Albany News, Weather, Sports

Pine market slump

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September 18, 2003

Albany-- Pine pulpwood prices are at their lowest in a quarter of a century, and South Georgia growers are feeling the pinch.

This land in Dougherty County has recently been thinned out. There is an abundance of pine being harvested right now--couple that with the strong dollar, and growers aren't making any money. But that trend is not expected to last.

Marshall Thomas, who is in Forest Management, says, "It is gloom and doom right now because prices are low. In any business that puts real pressure on your viability but its a cyclical business most people don't rely on it for year to year income, they are in it for the long term, it will come back."

Thomas says it's economics 101 once the dollar weakens, South Georgia growers should make a come-back.

Posted at 4:05 p.m. by melissa.kill@walb.com