Tropical rainforests are disappearing at an alarming rate. Unlike oil and natural gas, we are not discovering new reserves. Plantation-raised trees currently supply only 1-2% of the tropical hardwood market. Even with a complete shift in the policies of the governments where these trees are grown, it is unlikely that we will see more than a small percentage of our current lumber needs met by plantation-grown trees. With our current deforestation rate, most estimates indicate a global shortage within the next 14 years (as of 2009). This will put tremendous upward pressure on the price of tropical hardwood lumber.
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Listen to CEO Jeff Dunster talk about the project with Tom Wilmer on Journeys of Discovery.