I’ve been in the wood business for over 30 years now. There are a lot of factors that impact stumpage pricing. Right now pulpwood demand is at an all time low due to a multitude of mill closures across the southeast (the latest being Domtar Coosa Pines). To make matters worse logging rates are escalated due to the high diesel prices.

Sawmills are also running at reduced rates due to low demand.

It will come back, but hard to say if it will be 6-months or 6-years.