Page 8 - Georgia Forestry - Issue 1 - Winter 2022
P. 8
ECONOMY
The South Is Growing
All (Timber) Roads Lead to the Southeast
By Patty Deutsche
When it comes to timber, demand far outweighs supply. It’s a classic example of economic
theory. Economist Adam Smith referred to it as the “invisible hand” that naturally guides the economy. But in the world in which we operate, global trends are impacting the fact that all the timber roads are now leading to the Southeast.
And that’s good news for us in Georgia as constraints are limiting British Columbia’s lumber output. We have the timber resources to expand. Our lumber producers are competitive. Investments are being made here and we have solid management practices. All of which leads to a shift: from timber supplies on the West Coast and in British Columbia to the rising South. The Southeast is positioned well to take advantage of the increased demand.
6 | GEORGIA FORESTRY
