Forest market report 2023

Forest market report 2023

Tilhill and specialist land agency firm Goldcrest Land & Forestry Group have published their long running annual report into the state of the UK forestry market. For those involved in the sector it contains some useful data, including the fact that, for the first time in almost a decade, the value of commercial forestry has dropped – by between 10 and 20%.

One of the most noticeable headlines is that, despite all the talk, new planting in the UK is still running at only 43% of the 30,000 ha annual target. Of the area that is being planted over half is broadleaf woodland which, according to the report, is bad news for sustainable UK commercial timber production.

The report also comments on the level of public opposition to the planting of new commercial forestry and, interviewed on BBC Radio 4’s Farming Today this morning, Xander Mahony, Head of Forestry Investment at Tilhill, said that sometimes it feels like they are trying to build nuclear power stations rather than plant trees.

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