The Softwood Lumber Research, Promotion, Consumer Education and Industry Information Order has been amended to increase the assessment rate from $0.35 to $0.41 per thousand board feet. This rule is administered by the Softwood Lumber Board under the oversight of the Agricultural Marketing Service of the USDA. The additional funds will support ongoing and new initiatives to promote softwood lumber. This change follows the review of past expenditures and revenues and aims to support the lumber industry's growth, addressing both current challenges and new opportunities.
Simple Explanation
The people in charge have decided to ask lumber companies to pay a little more money, $0.41 instead of $0.35, for every thousand pieces of wood they sell, to help them do more cool stuff like promoting wood and educating people about it. This change is like a group of grown-ups making a plan to save and spend their extra allowance wisely for fun and important activities.