WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Raphael Warnock (D-GA) reintroduced legislation to help America’s landowners recover from the loss of timber after natural disasters. The Disaster Reforestation Act amends and makes improvements to the tax code to allow forest owners to deduct the value of their timber prior to the loss caused by a natural disaster.
“Louisianans know too well the importance of natural disaster relief,” said Dr. Cassidy. “When their lives and communities are torn apart by storms, they need a tax fix like this.”
“Our rural communities need all the help they can get after a disaster like Hurricane Helene devastates farmland and forests. The bipartisan Disaster Reforestation Act will help lessen the burden on forest owners during a recovery process following a natural disaster,” said Senator Warnock. “The forestry industry is central to Georgia’s economy and ecology, and I’m happy to work alongside Senator Cassidy in this.”
“Landowners currently have no tools to recover after a disaster destroys their forests,” said Scott Jones CEO of the Forest Landowners Association. “The Disaster Reforestation Act is not a handout or a subsidy—it simply corrects the casualty loss deduction so landowners can claim the true value of their damaged timber. This is a necessary step to ensure family forestry businesses can survive future disasters and keep our working forests intact.”
“Natural disasters create havoc on forest resources but more importantly on the lives of people who manage them. Often when disasters hit it is financially overwhelming for a landowner to get back on their feet and begin the recovery process. The Disaster Reforestation Act offers a helping hand to the landowner to get their land back into production as quickly as possible. The Louisiana Forestry Association supports this effort on behalf of all forest landowners throughout Louisiana and the nation,” said C.A. “Buck” Vandersteen, Louisiana Forestry Association.
The Disaster Reforestation Act is supported by: Alabama Forestry Association, American Forest Foundation, Arkansas Forestry Association, Association of Consulting Foresters, California Forestry Association, Florida Forestry Association, Forest Resources Association, Forestry Association of South Carolina, Georgia Forestry Association, Hardwood Federation, Iowa Coalition For Trees and Forests, Iowa Woodland Owners, Kentucky Forest Industries Association, Louisiana Forestry Association, Massachusetts Forest Alliance, Mississippi Forestry Association, National Alliance of Forest Owners, National Association of State Foresters, National Woodlands Association, North Carolina Forestry Association, Ohio Forestry Association, Oklahoma Forestry Association, Pennsylvania Forestry Association, Society of American Foresters, Southeastern Lumber Manufacturers Association, Southern Group of State Foresters, Tennessee Forestry Association, Texas Forestry Association, The Carbon Fund, Trees Forever, Virginia Forestry Association, Washington Farm Forestry Association, Washington Forest Protection Association, and Wildlife Mississippi.
“The introduction of the Disaster Reforestation Act by Senator Cassidy and Senator Warnock is a crucial step in ensuring that private forest landowners have the resources needed to recover and reforest after catastrophic events. Timber is a long-term investment, and without the certainty this legislation provides—especially as natural disasters become more frequent—the health of our forests and the stability of our wood products sector are at risk. This bipartisan bill offers a much-needed solution, recognizing the essential role private forests play in strengthening rural economies, sustaining wildlife habitats, improving air quality, and securing a reliable domestic supply of timber and wood products. We urge Congress to act swiftly on this legislation to protect these critical resources for future generations,” said Scott Jones, CEO, Forest Landowners Association.
“All of agriculture is risky and subject to Mother Nature. Forestry and timber production are no exception. Senator Cassidy and Louisiana Farm Bureau recognize that. Our members are grateful that he and Senator Warnock are once again imploring Congress to recognize it too. The Disaster Reforestation Act would give forest landowners some sign of hope when a disaster strikes. It is only right to provide these hardworking folks some relief when they’ve been knocked down. This bill would go a long way in doing just that,” said Richard Fontenot, President, Louisiana Farm Bureau.
Louisiana timberland play a critical role in the state’s economy, communities, and environment. There are 15 million acres of private forest in Louisiana producing enough oxygen for 148 million residents to breathe every year and sequester the emissions of 2.5 million cars annually driven on Louisiana’s roads. According to the Forest Landowners Association, they provide an impact of $13 billion on the Louisiana economy. 48,000 Louisiana jobs are supported by forestry providing $1 billion in salaries and wages and $328 million in state taxes.
Background
Previous disaster relief policies and programs provide much-needed relief for agriculture crops and farmers, however, they do not provide any economic relief for farmers whose timber crops were destroyed. The Disaster Reforestation Act allows landowners to deduct the full value of timber destroyed during disaster events in the same way the tax code treats other crops.
In the case of the loss of uncut timber from fire, storm, other casualty, or theft, the basis used for determining the amount of the deduction may not be less than the excess of (1) the appraised value of the uncut timber determined immediately before the loss was sustained, over (2) the salvage value of the timber.
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