That is much more complicated than it appears. Cutting and transporting trees is not easy or free, and there is already a huge glut of wood caused by the die off from phytophthera. Might still be worth looking into.
"Low prices for end consumers" seems to be around the current $3-$4 per 2x4x8 stud in retail terms, but standing lumber was never worth much even at the peak of the lumber shortage a couple years ago, it was all sawmill-limited.
Most consumers want straight boards for building. Most wood, particularly from die offs, is curvy branches that may be useful when ground up for wood based products like pellets, MDF, or paper.
That's why I'm asking. I live in Canada where we produce a tremendous amount of lumber but it's processed in the US and the prices spiked during COVID and while they've gone down haven't returned to anything resembling the baseline.
This would be true if the federal allowed more than a nominal amount of logging. Most trees and logs come from private land. See page 8: https://crsreports.congress.gov/product/pdf/R/R45688