Hurricane-Felled Timber Worth Billions United Press International U.S. timber companies are scrambling to harvest tons of timber felled by hurricanes Katrina and Rita. The companies are moving as quickly as possible to recover the millions of trees before they rot, the Wall Street Journal reported Monday. Industry analysts estimate that more than 20 billion board feet are down, enough to build 1 million houses. Timber down in Louisiana is worth $900 million; in Mississippi, the felled timber is worth $2.4 billion, experts estimate.