Community forest dividends on track to hit $400,000 next year
Projected log sales from the West Boundary Community Forest (WBCF) are expected to hit $400,000 in dividends to Greenwood and Midway next year… Forest Manager Dan McMaster said the number is based on the community forest’s upcoming budget for the fiscal year 2021. Area logs are bought, harvested and milled by Midway’s Vaagen Fibre, with annual dividends split between WBCF shareholders, the City of Greenwood and Village of Midway. The projection is a conservative estimate of how much the communities can reasonably expect from next year’s dividends, McMaster said. The COVID-19 pandemic has disrupted BC’s forest industry and might again, he said. But he stressed that Vaagen intends to bring in log harvests designed to lower the risk of local forest fires. … Forest contractors from Midway, Greenwood and Grand Forks will prune trees and fall and process timber in a way that will leave the WCBF less susceptible to devastating fires.
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