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National economy working against timber industry in state: mortgage situation, high fuel costs shaking up markets.

Publication: Mississippi Business Journal
Publication Date: 28-JUL-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: National economy working against timber industry in state: mortgage situation, high fuel costs shaking up markets.(Mississippi Agribusiness)

Article Excerpt
The mortgage crisis and high fuel costs are working against timber markets in 2008.

James Henderson, assistant forestry professor with Mississippi State University's (MSU's) Extension Service, said prices for pine pulpwood were increasing early in the year, but higher fuel costs are pressing midyear prices downward, and pine sawtimber prices have been trending downward since the summer of 2007.

"Higher fuel costs drive up harvest costs. This year, those costs cannot be passed on because of the relatively...

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