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November 8, 2019

Timber investment firm to sell off 3,000 acres

  • Greenwood Resources had used the land to grow poplar trees for the U.S. paper industry, which has faced stiff international competition and a low profit margin.

    • SALEM, Ore. (AP) — A timber investment firm is selling more than 3,000 acres along the Columbia River that has been used to grow poplar trees, a newspaper reported this week.

    Greenwood Resources had used the land to grow poplar trees for the U.S. paper industry, but experts say stiff international competition and a low profit margin has made that difficult, the Capital Press reported.


     
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