Livingston speaks to News Center Maine about the impact of Canada wildfires on timber industry
News Center Maine interviewed William Livingston, director of the School of Forest Resources at the University of Maine, about how wildfires in Canada could impact the price of lumber. Livingston said that burning forests have slowed timber production in Canada, leading to a decrease in supply to the U.S., which in turn would drive up prices. “It’s disrupting mills, it’s disrupting harvest operations … the expectation is that [the supply of] wood from that area is going to go down this summer … which will affect the short-term price of lumber,” Livingston said.