- The inventory of raw timber ( the type you see in log yards ) has grown too large.
- Lumber mills are lowering the amount they will pay for raw timber as a result. As well as the rest of the end lumber market.
- This causes timber companies profit per foot to drop.
- The timber companies decide to "export" raw timber overseas at a loss.
- This in turn raises the rate the Lumber mills and Lumber consumers pay out pacing the original loss on "exported" timber.
It is important to also note, most of this timber came from public lands to begin with.
The overall point is OUR resources were exported at a loss so OUR prices would increase. Forests are part of the wealth of our country. Letting a timber company send it overseas to increase domestic timber prices should be illegal.
