Timber prices last year went up 28%.  This is according to the report that John Clegg and Tilhill forestry put together for the year ending September 2018.  The increase was driven by exchange rate changes and increases in demand for traditional wood-using industries such as sawmilling, board production and biomass for renewable energy.  "Virgin wood burnt as biomass accounts for four million tonnes a year now," according to Tilhill's Peter Whitfield. The industry has also been helped by the improvement in timber processing plants such as Norbord in Inverness, James Jones in Lockerbie and British Soft Woods (BSW) at Fort William.  A single investment of £95 million by Norbord in 2017 was equivalent to twice the usual annual investment in timber processing plant. The Tilhill/Clegg report also shows how demand has driven up land prices so that even for large woodlands (over 50 acres) in Wales the average selling price is almost £5,000 per acre.  Looking at the mixed woodlands market more generally on average these sell for 10% above the guide price and the big factors which push up values are Read more...