Forestry contractor Bobby Baird, left, with his father Robert, says the drop in log prices is having a big impact on the contractors. Contractors are losing out on work as forest owners cancel pending contracts to hold out for log prices to rise. Because of this, logging contractors were losing out on work they might have planned on in advance, he said. There needed to be more government support for contractors to be able to ride out the highs and lows of log prices, he said. Forestry Industry Contractors Association chief executive Prue Younger said contractors were loaded up at the risk end when it came to log price drops.

Source: Stuff September 01, 2021 02:37 UTC