2023 was a challenging year for wood products markets. Rising interest rates hampered demand while capacity ramped up across the south. Paul Jannke, a forest industry expert with Forest Economic Advisors (FEA), recently presented his perspective on the region’s forest product markets and economic outlook.
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Tax Talks
Life Insurance Redemptions Falling Under IRS Scrutiny
In the context of farming business structures, acquiring a life insurance policy is a prevalent practice. Here are two common scenarios and an update on an ongoing Supreme Court case involving the IRS concerning the valuation of businesses when insurance payouts are implicated and whether such proceeds are deemed liabilities or not.
April 11, 2024
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Ag Economy
2023 Outlook for the Forest Products Industry
Forest Economic Advisors, LLC (FEA) examines the forest product markets over the coming year. Rising interest and mortgage rates will most likely cause economic activity to slow in 2023. This is expected to be short lived, however, with optimism on the horizon in 2024. Read the full report.
February 28, 2023
Tax Talks
Possible Changes to New York’s Forest Tax Law Assessment
In today's Tax Talk, Farm Credit East's Dario Arezzo examines the New York State Department of Environmental Conservation (DEC) proposal to amend regulations relating to the Forest Tax Law program. This program provides landowners a reduction in real property taxes on their enrolled forest lands if certain conditions are met.
July 26, 2022
Ag Economy
2022 Northeast Forest Products Review and Outlook
In today's blog, Eric Kingsley, Innovative Natural Resource Solutions LLC, gives a review on the northeast forest products industry in 2021, as well as an outlook for 2022. This paper, along with more highlighting other industry outlooks in the Northeast, can be found in Northeast Agriculture: 2022 Insights & Perspectives.
May 10, 2022
Innovation and Emerging Markets
Stewards of the Land: Sustainable forest management
In this week’s Stewards of the Land series, we head to Lincoln, Maine, to meet Treeline, Inc., one of the first companies to earn the Northeast Master Loggers Certification.
August 31, 2021
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