BC Timber Sales (BCTS) was founded in 2003 with a mandate to provide the cost and price benchmarks for timber harvested from public land in British Columbia. Through 12 Business Areas and an operational presence in 33 locations, BCTS manages some 20 percent of the provincial Crown allowable annual cut..
In 2013/14 an external consultant conducted a review of BC Timber Sales’ role and effectiveness in response to a letter of expectations from the Premier which tasked the Minister to examine the role and effectiveness of BC Timber Sales and make recommendations for improvement to Cabinet. The review was conducted in two phases, Phase 1 addressing role and Phase 2 examining how to maximize effectiveness in fulfilling its role. Phase 1 recommendations were considered by Cabinet in February of 2014 and direction has been provided on a revised and strengthened role for BCTS as follows:
Provide credible representative price and cost benchmark data for the MarketPricing System through auctions of timber harvested from public land in British Columbia.
1) Sell the full BC Timber Sales’ apportionment over the business cycle, consistent with safe practices and sustainable forest management.
2) Generate direct net revenue and indirect revenue for the province over the business cycle.
3) Continuous business improvement.