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LUMBER CHECKOFF APPROVED BY VOTERS
USDA's Agriculture Marketing Service announced that U.S. manufacturers and importers of softwood lumber voted to establish a research and promotion program checkoff. Two-thirds of voters, representing 80 percent of the volume of softwood lumber manufactured by those voting in the May 23-June 10 referendum, backed implement ion of a checkoff.
AMS estimates the program will generate $17.5 million annually for softwood lumber research, promotion and industry information. The lumber is used in products like flooring, siding and framing. Domestic manufacturers and importers will pay an assessment of up to 50 cents per thousand board feet, with the initial assessment rate being 35 cents. Smaller manufacturers and importers handling less than 15 million board feet annually will be exempt from paying assessments.
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