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Is it true that it takes several thousand years for sphagnum peat moss to form?

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Is it true that it takes several thousand years for sphagnum peat moss to form?

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No. Peat forms at a rate of 1 to 2 millimetres a year. According to a recent study by the North American Wetlands Conservation Council (Canada), harvested peatlands can be restored to ecologically balanced systems within 5 to 20 years after peat harvesting.

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