OFA Update
Logging Cost Analysis Workshop: May 17, 2024 —8:00 a.m. – 5:00 p.m.
This course will cover both principles and applications of logging cost analysis techniques from the perspective of logging business owners and managers. Course content will focus on methods for evaluating production and cost records within the context of the evolving wood supply chain. Spreadsheet models will be reviewed and provided to participants for hands-on training involving modifications necessary to assess and simulate a range of harvesting systems, techniques, and equipment mix variations. Upon completion of this course, participants should be well-equipped to better evaluate logging costs.
Agenda
Welcome and Introductions - 15 minutes
Production Estimation - 75 minutes
Logging and Trucking Production - 75 minutes
Cost Estimation - 60 minutes
Logging and Trucking Cost Analysis - 60 minutes
Logging System Performance Prediction - 45 minutes
Cash Flow Analysis - 60 minutes
Logging Systems Evaluation - 60 minutes
Final Thoughts - 15 minutes
Sponsors Include: Southern Loggers Cooperative, Independent Stave Company, Pixelle Specialty Solutions, Speyside Bourbon Cooperage, Inc. Koppers, Inc. TTG Forestry Services, Southeast Ohio Loggers Chapter, J. McCoy Lumber.
Location: The Ohio State University Extension Office—17 Standpipe Road, Jackson, OH 45640.
Registration Cost OFA Member: $50 Non-member: $100
Registration Open for the 2024 Summer Outing – July 17
All Aboard! Back by popular demand OFA will be returning to Marietta for our 2024 Summer Meeting. We have changed the format and this will now be a 1 day event. The golf outing will be held at the Marietta Country Club on the morning of July 17. The clay shoot will be held at the Marietta Gun Club on the morning of July 17. Lunch will be served at the golf course and the gun club. That afternoon we will all meet for our traditional cruise down the Ohio River on the Valley Gem Sternwheeler. Beverages and appetizers will be served.
Industry Update
Attention Employers: Salary for Overtime Pay has been increased by the U.S. Department of Labor
The previous rule stated employees receiving $35,568 or more in salary and engaged in administrative, executive, or professional duties are not eligible for overtime pay. The U.S. Department of Labor’s new rule increases that threshold to $43,888 on July 1, 2024 and again to $58,656 on July 1, 2025. The new rule does not make any changes to the job duty requirements.
2024 Walnut Council National Meeting in Ohio
The Walnut Council is hosting their national meeting in Springfield, Ohio this year. This is a rare opportunity for Ohio's forest landowner, conservationists, and industry professionals.
Schedule of Events
July 28: Landowner show and tell
July 29: Field day on hardwood forest & plantation management
July 30: Expert presentations, poster session
See the attached agenda and registration form or visit www.walnutcouncil.org for more information.
Market Update
HardwoodReview Forecasting
With production down, supplies tight and margins thin, we project no price declines over the next two months for any of the 25 kiln-dried lumber items we forecast. Upper-grade White Oak prices are on pace to blow past previous record highs in a matter of weeks, though the next two months’ gains will likely not be as large as the previous two. Even Birch and Cherry will see additional gains. Price increases have been largely supply driven to date, but Feb export data suggest demand increas es are now at least playing a part. UK, Vietnamese, Indonesian and Thai demand were particularly strong in Jan and Feb—with the latter three of those markets now among the top suppliers of hardwood moulding and flooring to the U.S. Stronger demand from several Middle Eastern markets also helped offset a Feb decline to Mexico.
Depressed home sales activity will continue to limit demand for domestically made furniture, keeping factory orders and shipments well below levels seen during the post-COVID surge in 2021 and early 2022. Even if mortgage rates reverse course and fall back towards 6%, rising home prices will negate the monthly out-of-pocket savings for buyers. Together with rising inflation and rising consumer debt, that will keep many would-be buyers sidelined for the balance of the year.
Legislative Update
There is an Ohio Forestry Legislative Reception taking place May 14, 2024, from 5:00-7:00 pm in the Ohio Statehouse Museum Gallery. The general public, including elected officials, does not understand the importance of active forest management. Decades of misinformation has clouded the perception of individuals to think trees should not be harvested. The continued goal of this second annual reception is to bring together all the conservation groups who promote forest management to show how many groups support forest management because of its many environmental, economical, and aesthetic benefits. If you’d like to attend, please RSVP to Jenna Reese at Jenna@ohioforest.org with your name and county of residence or business.
Sponsors include: Ohio Forestry Association, Ohio Farm Bureau Federation, Ohio League of Sportsmen, Ohio Tree Farm Committee, The Nature Conservancy Ohio Program, Sustainable Forestry Initiative - Ohio Committee, Western Reserve Land Conservancy.
Upcoming Events
Southern Ohio Loggers Chapter Meeting
5/14/2024
Location: Lucasville, Ohio Time: 7:00 pm
Scioto River Valley Loggers Chapter Meeting
5/16/2024
Location: Scioto Township Fire Hall, Wakefield, Ohio Time: 7:00 PM
Logging Cost Analysis Workshop
5/17/2024
Location: Jackson, Ohio Time: 8:00 AM
East Central Ohio Loggers Chapter
5/20/2024
Location: Fresno, Ohio Time: 6:00 PM
2024 Camp Canopy
6/9/2024 » 6/14/2024
Location: Carrollton, Ohio Time: 2:30 PM
2024 Lumber Grading Short Course
6/10/2024 » 6/13/2024
Location: Millersburg, Ohio Time: Monday - Thursday, 8:00 am - 4:30 pm
2024 Kiln Drying Short Course
8/12/2024 » 8/14/2024
Location: Millersburg, Ohio
Tree Farm of the Year Tour
9/7/2024
Location: Cadiz, Ohio Time: 10:00 AM
2024 Paul Bunyan Show
10/4/2024 » 10/6/2024
Location: Lore City (Cambridge), Ohio Time: 8:00 AM
OFA Proudly Supports
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