In 2015, with close to 80% of processed timber being exported, and 12,000 people employed in processing, the forestry and timber industry was worth €2.3bn to the Irish economy.

Pre-tax profits at the group owned by Limerick timber tycoons, the McMahon family, last year almost trebled to €2.88m.

Forest owners have been reminded their timber crop is significant from a broader economic viewpoint.

Forest owners will have the opportunity to meet with timber buyers in the coming weeks.