Allan Bennett, Director of the Timber Pricing Branch at the BC Ministry of Forests, issued a memorandum regarding BC stumpage lags. Starting June 1, 2023, Stumpage updates will occur monthly rather than quarterly. This will have the following implications: Stumpage lags will be reduced to an average of 3.5 months rather than 6 months; rates will rise and fall quicker as market conditions fluctuate which aligns better with the current volatility in lumber prices; stumpage responsiveness should ensure production aligns with actual market conditions rather than those of 6 months prior; and the change will make planning easier for small licensees that do not harvest regularly.