Record high lumber prices have left North American forestry companies flush with cash, setting the stage for more forestry M&A activity in 2021. Lumber prices broke records in September and again in February, inching towards US$1,000 per board feet for the first time.  With forestry companies reporting some record profits, it means they are in a position to either go on a buying spree or become targets for acquisition.  “One of the questions the analysts keep asking is ‘What are you going to do with all the cash?’” said Russ Taylor ...