Disruptions to the U.S. economy largely resulting from the coronavirus pandemic have created an environment of fear and uncertainty. This sobering situation transformed a once optimistic view in the forest products industry for 2020. Forisk analyzed the performance of timberland investments during turbulent market environments and projected scenarios to assess implications for the forest industry. This white paper, “Timberland 2020: From High Hopes to Viral Mopes and Back Again”, revisits the fundamental investment thesis and long-term benefits of owning timberland. After summarizing the context of the current pandemic and market volatility, we address the question, “do my reasons for holding timberland assets still apply?”