Tuesday, June 18 2013 12:32 AM EDT2013-06-18 04:32:02 GMT
The United Way of Southwest Georgia honors more than a dozen organizations for their leadership in supporting United Way agencies. United Way raised about 1.1-million dollars this year. That's up slightlyMore >>
The United Way of Southwest Georgia honors more than a dozen organizations for their leadership in supporting United Way agencies.More >>
Tuesday, June 18 2013 12:31 AM EDT2013-06-18 04:31:27 GMT
Dougherty County School Board members want property owners to know, they won't raise your taxes despite another tight budget year. Monday night Board members held a public hearing to give people a chanceMore >>
Dougherty County School Board members want property owners to know, they won't raise your taxes despite another tight budget year.More >>
Tuesday, June 18 2013 12:23 AM EDT2013-06-18 04:23:09 GMT
The opening of Albany's new airport terminal remains on schedule despite a delay in the ceremonial opening. Travelers will begin using the new facility at Southwest Georgia Regional Airport two weeks fromMore >>
The opening of Albany's new airport terminal remains on schedule despite a delay in the ceremonial opening.More >>
Tuesday, June 18 2013 12:03 AM EDT2013-06-18 04:03:40 GMT
A Georgia girl remains hospitalized tonight with serious burns following a boat explosion on Lake Lanier. Apparently, a fuel leak led to the blast. Cell phone video captured by boaters shows a boat burningMore >>
A Georgia girl remains hospitalized tonight with serious burns following a boat explosion on Lake Lanier. Apparently, a fuel leak led to the blast.More >>
Monday, June 17 2013 11:59 PM EDT2013-06-18 03:59:55 GMT
Police are asking banks to be on the lookout for a woman who has cashed thousands of dollars in forged checks. So far, she's hit Colony Banks in Albany, Valdosta, Moultrie, and Sylvester. Sylvester PoliceMore >>
Police hope to stop a successful forger who's gotten away with thousands of dollars so far by cashing fraudulent checks at multiple south Georgia banks.More >>
October 27, 2006
Albany -- South Georgia's timber industry has slowed dramatically because of the national housing slump. The price of lumber and timber has fallen sharply, because of less building.
These South Georgia Pine trees will probably stand for the winter, because the third quarter price for them has fallen more than ten percent from last year.
F&W Forestry Services Vice President Rob Routhier said, "it's decreasing the demand for soft timber sized trees, because lumber production is being curtailed, because of the over supply of lumber."
Forest consultants say South Georgia tree farmers are seeing the housing slump now. The demand for lumber is way off last year, and prices have dropped 25%. But last year was when rebuilding from Hurricanes Katrina and Rita pushed the demand for lumber to record highs.
"We are down about 30% in lumber prices from last year," Routhier said. "But if you take out the effects of the hurricanes, we are probably only down 20%."
The summer drought conditions also pushed the supply of timber to high levels, because logging never slowed due to wet conditions. With fewer houses being built, less demand for lumber will keep the price of timber low.
Tree growers will simply wait until the price goes back up. "They can afford to let the trees stay on the property and continue to grow in size, until the market increases," Routhier said.
F&W seen a marked decline in timber sales by their landowners. The trees will probably grow bigger, waiting for the demand for lumber, and the price to go back up.
Forestry is the third leading industry in Georgia, with an economic impact of more than $20 billion per year.