Did You know
After some of the toughest years in the long history of Maine’s forest products industry, a new, stronger forest economy is emerging thanks to investments of about $1 billion.

Farm Credit East salutes Maine forest products industry

Auburn, Maine, October 21, 2019 — In honor of Maine Forest Products Week, Farm Credit East recognizes the important contributions of the forest products sector to the state’s economy. According to Farm Credit East’s Northeast Economic Engine report, Maine’s forest products industry is responsible for $5.3 billion in direct sales annually, $8.8 billion in economic impact, and supports more than 40,000 jobs throughout the state.

“The forest products industry constitutes a critical business opportunity in the Northeast, especially here in Maine, and is a very important part of Farm Credit East’s portfolio,” said Fred Morton, Farm Credit East executive vice president.

In fact, forest products represent Farm Credit East’s second largest portfolio sector,

extending more than $700 million in loans to the forest products industry across the Northeast. Farm Credit East finances the diversity of forest products businesses, from those that own and manage the timberland, to the loggers who harvest and transport timber and biomass, as well as the manufacturing side of the industry, which includes pulp and paper, sawmills, biomass and small specialty mills.

To learn more about Farm Credit East’s service to the Northeast forest products industry, including a video interviewing Fred Morton on this diverse industry, visit FarmCreditEast.com.

News Archive
Calendar of Events

129th Second Regular Session of Maine Legislature

The Second Regular Session will begin in January 2020
When: Wed January 8 12:00 AM - Wed April 15 12:00 AM

MFPC Exec. Meeting

When: Thu March 12 9:00 AM - 12:00 PM
Where: Maine Forest Products Council Office - 535 Civic Center Drive
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Legislative Advocacy & Regulatory Monitoring
Make your voice heard in Augusta and Washington! MFPC employs three lobbyists who stay on top of legislative and regulatory initiatives affecting Maine’s forest products industry.


You’re invited! Take advantage of the Council’s many opportunities to visit with the who’s who of Maine’s forest products industry at any of our special events.