JLC • NEW ENGLAND UPDATE • FEBRUARY JLC • NEW ENGLAND UPDATE • DECEMBER 1996 Lumber Supply in Flux Maine Forestry Bills Highlight Changes A pair of competing public referendums to regulate forestry practices in Maine will likely reduce logging and tighten the regional log market. However, experts say the bills will probably not raise lumber prices. Nevertheless, the referendums are part of larger changes in the forest industry that have contributed to price volatility over the last few years, and which promise to continue to affect wood supply and prices for some time. A question of competition. In November, voters in Maine — the biggest source of wood in the Northeast — voted on two proposals to regulate the timber industry there. The