ABSTRACT

COVID-19 and the U.S. Timber Industry [December 10, 2020]   [open pdf - 1MB]

From the Summary: "The timber industry is a diverse commodity industry, wherein cut trees (timber) are converted to a wide variety of products made from wood (wood products). The Coronavirus Disease 2019 (COVID-19) pandemic has impacted the timber industry by changing consumer and producer behavior and threatening the health of timber industry workers. Effects to the wood products supply chain have been spread unevenly across sectors and regions and have varied over time as the pandemic has progressed. Congress has not provided specific assistance to the timber industry generally, although some timber-related businesses may have received assistance under the provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136). The timber industry recommends additional assistance, such as loans or direct payments, to prevent further impacts to the sector. COVID-19 has affected demand for some wood products and disrupted wood supply chains. Impacts have differed greatly across sectors, due to the differing final uses of wood products. Paper is a diverse sector, comprising cardboard, bath tissue, writing and printing paper, and other products, and demand comes from public places (e.g., offices and schools), home use, and shipping. Thus, although some disruptions to the sector have occurred, overall impacts have been minimal. Demand for lumber and engineered wood products is driven primarily by residential construction. Early in the pandemic, producers of these products anticipated lower demand due to a declining housing market and therefore decreased production."

Report Number:
CRS Report for Congress, R46636
Author:
Publisher:
Date:
2020-12-10
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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