Saskatchewan sees 30 per cent increase in forest products sold
According to the government of Saskatchewan, the province’s forestry sector is booming. Last year, more than $1.1 billion worth of forest products were sold, an almost 30 per cent increase compared to 2019.
Despite the challenges posed by COVID-19, the province’s forestry sector is growing thanks to high lumber prices and demand, a growing Asian economy and the housing recovery in the U.S.
In 2022, Saskatchewan’s forest industry is set to harvest and produce record levels of timber and forest products with the potential to generate more than $2 billion in forest products sales per year and support 12,000 jobs. One of the goals in Saskatchewan’s Growth Plan is to double the growth of the province’s forestry sector by 2030.
“Saskatchewan is well positioned to benefit from a number of emerging opportunities in the future, with further expansion of existing mills, new mills and increased employment and exports in this sector thanks to favourable market conditions,” said Saskatchewan’s legislative secretary to torestry Nadine Wilson in a press release.
“Tolko is proud of how our employees and contractors are staying dedicated to working safely during these unprecedented times, and we see how the strong forestry market is supporting jobs and our communities,” said Bob Fleet, Tolko’s vice-president of environment and forestry, in a statement.