Economics of Logging

Woodchip licences end in East Gippsland

Saturday, January 3, 2015

In April last year NIPPON announced it would not renew the woodchip licences after December 2014. VicForests has not been able to find another customer for its booty.

Nippon owns the chipmill and export facilities at Eden in NSW where millions of tonnes of EG forests have been shredded and shipped for over 40 years. This has been at great cost to tax payers through direct subsidies the chipmill and industry has received from governments.

Welfare industry robs the public

Saturday, August 16, 2014

Will Napthine hand VicForests $18M from our pockets next year to log East Gippy forests? To destroy this tree VicForests charged us 30 dollars

This is despite their being no market for the bulk of the trees they cut down. The East Gippsland community could do so much more with that money. It could kick start more useful and more healthy, growing sectors - eco-tourism, new agricultural initiatives, fire preparedness ...

VicForests – a decade of debt and destruction

Friday, August 1, 2014

VicForests turns 10 today. In that time it has received $25million in grants and subsidies to help it haul $300million worth of free logs from public forest which it still owes Victorians $74million in unpaid dividends for. This debt to the public could build 10 new schools, pay for 96 additional teachers or deploy five additional Erickson Skycranes each summer.

An assessment of VicForest's Finances

Wednesday, June 19, 2013

Another small community group, Healesville Environment Watch commissioned an economic assessment of VicForests economic performance, since its beginnings in 2004-5.

VicForests has racked up a loss of $22 million since it was formed - that means it costs us $1.50 for every cubic metre of wood it has logged.

VicForests self-righteously argues a net profit of $11.6 million over eight years. But it has also received gifts of $24.75 million - a net cost to the taxpayer of over $13 million!

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