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The timber industry spent nearly $1 billion a year in 2014 on equipment, research and training to help it cut and harvest timber, according to a new report by the Institute for Agriculture and Trade Policy.
The timber processing industry spent about $2.2 billion, or about 10% of its revenue, on training and other costs.
The industries spend $8.6 billion on research and development, with about 4% of the industry’s research and investment spending.
The industry spent almost $2 billion on training in the same time period, according the report.
The report was issued Friday by the Center for American Progress, a liberal think tank.
The institute, which is funded by the American Enterprise Institute and other wealthy donors, said the industry spent $5.5 billion on capital expenditures last year.
That’s nearly 10% more than the $5 billion the industry reported in 2014.
The average capital expenditure for the timber processing and production industries was about $1.6 million a year, and nearly 10 times the $1 million spent in 2014, the report said.
The companies spend a lot of money on lobbying, and it’s a growing practice.
Companies spend nearly $50,000 on lobbying in Washington state alone, according a Center for Responsive Politics analysis.
The lobbying costs have increased in recent years as timber companies have faced increasing environmental regulations and competition from other timber industries.
“While we do not have all the data on the industry, it appears that the timber industries are spending a lot on lobbying,” the report noted.
The researchers said that in 2014 the industries spent nearly 3 times as much on lobbying as in 2015.