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Teak wood available today:
Teak is prized throughout the world for its
use in boat building, fine furniture making, flooring, veneers,
cabinetry and joinery. Because of it natural oils, it is resistant to
moisture and the drying effects of weather. In short, teak is a
well-known wood with established markets and a proven reputation.
Teak wood furniture
is a great long lasting furniture.
A non-indigenous species with great resiliency which grows best in
pastureland, Tectona grandis is easy to establish, fast-growing
(especially in areas where there is no dormant season such as Bocas del
Toro) and relatively problem free, with maintenance expenses being most
intensive in the first three years. The first thinning in year 4 may
yield small dimension lumber; but the first major harvest of trees takes
place in year 12 with subsequent harvesting cycles in years 16 and 20.
Current wholesale price in the US? Approximately $2.50 per board foot
wholesale FOB for teak of this grade.
The Jones Forestry and Development Corp. formed by a diverse coalition
of some of Panama’s most successful business people sights “economic
solvency, security in investments and high economic returns” as the
reason they chose to establish a 2,000 hectare* (4,940 acre) project of
teak in the Darien in 1996.
But is teak the only way to go? Not by a long shot. According to
Ing.Bolivar Jaen of ANAM, there are 1,101 individual Law 24-approved
projects in Panama today covering a total of 38,217 hectares (94,396
acres). Of these, 21,748 has. (53,717 acres) are of teak, the remainder
are of pine, cedar, acacia, mahogany and other mixed hardwood species.
When asked what recommendations ANAM makes for the successful tree
projects, Ing. Jaen states that “although there are no official
recommendations, ANAM encourages the utilization of the mixed native
species of a given area.” Native tree seeds are generally easier to
collect, and once planted are less maintenance intensive. Also, local
knowledge of indigenous trees serves to co-opt Panamanian farm workers
into the process, making the whole process more sustainable.
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