Alabama Timber Market Expected to Improve in 2024

After a rocky 2023, the Alabama timber market is expected to begin trending in the right direction in 2024. However, there are several factors to keep an eye on as the year progresses. An Alabama Cooperative Extension System Forest Economics expert said landowners should know where the market stands going into this year. Chain strong as weakest linkThe saying goes that a chain is only as strong as its weakest link.

In terms of the Alabama timber market supply chain, the chain is at its strongest when there is the best ratio of timber supply, demand, input costs, capital investment and accessibility. According to Adam Maggard, an Alabama Extension associate professor of forest business and economics, the state is dealing with an oversupply of marketable timber. “Alabama is still facing a timber supply issue in terms of oversupply,” Maggard sai

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