![pacific northwest wildfires pacific northwest wildfires](https://eoimages.gsfc.nasa.gov/images/imagerecords/1000/1695/Washington.A2001230.1925.jpg)
![pacific northwest wildfires pacific northwest wildfires](https://eoimages.gsfc.nasa.gov/images/imagerecords/86000/86431/oregon_amo_2015228_lrg.jpg)
Big or small? In other words, how impactful, whether positive or negative, would we expect this disruption or change to be on forest supplies or wood demand?.Pacific Northwest, we go through a process of asking simple questions rooted in economic fundamentals : When natural disasters impact timber supplies and wood markets, such as the wildfires plaguing the U.S. Major 20 Fire Perimeters in the Pacific Northwest. In Oregon, impacts to privately held timberland were particularly severe, representing 30% of the 1.3 million acres burned in the state, according to the Oregon Department of Forestry. Wildfires in Oregon and Washington burned over 1.9 million acres in 2020, a 220% increase over the ten-year average. The 2020 wildfire season was one of the worst in recent history in the Pacific Northwest. And when disaster strikes – whether a fire or hurricane or recession – we must evaluate potential disruptions relative to our current assets, market and strategy, or those specific assets and markets under consideration for future investment. When investing in timber assets, we either invest in established forests with mature wood markets, or we invest in areas that require development of the forests and/or wood markets.
PACIFIC NORTHWEST WILDFIRES SERIES
This post is the second in a series related to the Q4 2021 Forisk Research Quarterly (FRQ ), which includes forest industry analysis, timber price forecasts, and featured research on timber supplies in the Pacific Northwest.