Half of Ireland’s 1.85 million hectares of forest is privately owned
A new online trading platform, Tradeforusforestry.com, seeks to bring a new dynamic to forestry trade, bringing together buyers and sellers of timber, forest land and logging rights in regular online auctions.
A joint venture between agritech supplier tradeforus.com and leading timber harvesting company Euroforest Ireland, the e-commerce platform will allow sellers to post lots and buyers to bid online on auction days .
Tradeforusforestry.com will hold its first auction on March 10. Those wishing to participate and view the auction online should register in advance to view more details of the various lots for sale and fully participate in the auction.
A range of lots, including timber sales and freehold land from various counties, have been listed on the website by potential sellers in recent days, with more lots expected to be listed daily ahead of the auction. .
The platform plans to further expand its capabilities in the immediate future and has announced that it will announce new developments in the coming weeks.
Half of Ireland’s 1.85 million acres of woodland is privately owned with limited commercial options in the market for those estimated 23,000 owners.
By using tradeforusforestry.com, timber buyers and sellers avoid the excessive costs, confusion and delays that accompany traditional forestry trade, especially in timber sales.
The launch comes at a critical time in the forestry sector, where crippling delays in the forest licensing process, a lack of price transparency and timber supply limitations are driving up costs, which has an impact on the market.
“E-commerce is on the rise in all aspects of the agricultural sector, saving time and money and simplifying buying and selling,” said Michael Broderick, managing director of tradeforusforestry.com. “Now we want to bring similar benefits to buyers and sellers of timber, forest land and harvesting rights.
“Forestry is a sector that we have identified as lacking commercial options for buyers and sellers. More than half of the country’s forest stock is privately owned. The volume of wood from these private forest owners is expected to almost double to 2.5 million tonnes within three years. By 2026, private forest volumes will exceed the volume overseen by Coillte on behalf of the state. Volumes are expected to exceed four million tonnes by 2031.
“Players in the forestry sector have constantly faced difficulties in buying and selling timber, which has often led to harvest losses and rot. Without appropriate resources, identifying forest lots can be complex. Now we’re removing those complexities, bringing buyers and sellers together in a streamlined way. »
Broderick added that it is “encouraging to see an array of sellers listing their timber and forest land for sale ahead of our official launch. Potential buyers also visit the site and interact with our team to learn more. This reflects the level of interest in the sector and the willingness to embrace new ways of doing business.
“Irish forestry is entering an exciting new phase. There is a growing awareness of the economic and environmental importance of forestry. Ireland is catching up with countries like Scotland, Denmark and Belgium.
The deadline to register for the next auction is March 7. All auctions will be independently audited and supervised by leading financial advisory experts, ifac.