They are expected to drop in the state from nearly 68 million last year to just six million this year.
Senator Ron Wyden authored legislation in 2000 to keep the timber payments subsidies going, but that expired last year.
Senator Wyden hopes to reintroduce with Republican support this session.
"Oregon has received over 2.5 billion dollars from the payments. And from the standpoint of the laws I've authored, this is the most important one. And the reality is what Oregon needs to do is get the harvest up and to have a safety net and the two are not mutally exclusve. You need both."
Senator Wyden is currently working on garnering bipartisan support in the Senate before introducing a bill to extend these timber payments.
U.S. Congressman Greg Walden claims House Speaker John Boehner has made a commitment to him the House will pass a timber payment extension by the end of March.