MONTICELLO, Arkanasas — The Arkansas timber industry faced significant challenges at the start of 2024, including plant closures and natural disasters. However, the year concludes with optimism driven by groundbreaking initiatives and significant investments that signal a promising future for the state’s forestry sector. According to the Arkansas Center for Forest Business at the University of Arkansas at Monticello, Arkansas forests contribute approximately $7 billion to the state’s economy this year. …While timber prices remained soft throughout the year, announcements of forest product mill expansion and development and development of the Arkansas Forest Heath Research Center provide encouragement for the health of the state’s forests and markets they sustain. …“We’re concluding the year with increased investment in new and existing forest markets in southern Arkansas,” said Michael Blazier, dean of the UAM College of Forestry, Agriculture and Natural Resources and director of the Arkansas Forest Resource Center.