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NCSAF Luncheon Report The Forest Sector and the Economic Downturn Rich Guldin and Brad Smith Tuesday, February 21, 2012, at US Forest Service Yates Building Rich Guldin and Brad Smith of the US Forest Service Research and Development office spoke to 40 NCSAF members over lunch on February 21. The speakers shared highlights of their recent research on how the forest products sector has fared during the recent economic downturn, based on data from the Forest Inventory and Analysis program, Forest Products Lab, Department of Commerce, Department of Labor, and Federal Reserve Bank. The data revealed 1.1 million jobs were lost in forestry and related sectors from 2005 to 2010. Furthermore, over 1,000 mills have closed since 2005 and more are threatened. Given the soft markets, harvesting on private forest land is down nearly 40%, with significant financial impact on private owners, which in turn could have harmful ramifications for forest health. Guldin and Smith reported a few bright spots, with multi-family housing starts trending upward and job losses slowing. They told the audience that more detailed regional analysis for the North, South, and West is in preparation for publication and should be available by the end of March. Copies of their presentation will be available on the NCSAF website at http://www.ncsaf.org , and the results were also published in the January edition of the ForestrySource. Questions : Email Nadine Block at nadine.block@sfiprogram.org Speakers
ATTENDEES ARE WELCOME TO STAY AFTERWORD FOR A BRIEFING PROVIDED BY THE FS A FORESTRY DOUBLE-HEADER!
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