Softwood estate over-cut fear

GOBSMACKED: Member for Mount Gambier Troy Bell.

FEARS have surfaced the region’s softwood estate is being over-cut amid new figures revealing OneFortyOne Plantations has posted annual profits of up to $125.5m.

These concerns come as regional timber industry insiders continue to flag concerns over the high levels of log exports leaving the Port of Portland and the sustained upswing in harvesting rates.

Member for Mount Gambier Troy Bell has questioned how profits could soar from $30m – when the asset was managed by ForestrySA – to a “gob-smacking” $125.5m
under private ownership.

The Liberal

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