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Conservation deal preserves Plum Creek land in Montana

Conservation deal preserves Plum Creek land in Montana | Timberland Investment | Scoop.it

More than 15,000 acres of Plum Creek Timber Co. land northwest of Whitefish will be conserved through an agreement announced Monday by the company and The Trust for Public Land. The acreage is almost fully surrounded by the Stillwater State Forest except for a couple of parcels that border private land, said Tom Ray, vice president of Northwest resources and manufacturing for Plum Creek.


Under the agreement, The Trust for Public Land will have an option to purchase 1,920 acres and establish a conservation easement on the remaining 13,414 acres that Plum Creek will continue to own and manage as a working forest.
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All of the land in the agreement will be conserved, however, he added. Eventually the trust’s purchased property will be transferred into public ownership or to a conservation buyer. The agreement is subject to final conditions including appraisal and secured funding, Ray said.

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Aussie firm buys Marlborough forestry land

Aussie firm buys Marlborough forestry land | Timberland Investment | Scoop.it
An Australian company has reached an agreement to buy more than 4000 hectares of Marlborough forestry land.

Sydney fund management firm New Forests  plans to buy approximately 4200 hectares of freehold land and softwood plantations from the Flight Group. 

Completion of the purchase was subject to approval by the Overseas Investment Office.

The plantations consisted of radiata pine. The sale price was not revealed when the deal was announced on Wednesday.

The agreement formed part of a larger transaction which would see Flight Group sell sawmilling assets from their Flight Timbers division, in Marlborough, to Timberlink, an Australian timber processor.

Timberlink was also an investee company of New Forests.

New Forests chief executive David Brand said the planned acquisition would expand their presence in New Zealand to a total of more than 12,000 hectares of softwood plantations.
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LandVest Timberlands exceeds $200 million in timberland closings in 1H 2015

LandVest Timberlands exceeds $200 million in timberland closings in 1H 2015 | Timberland Investment | Scoop.it
Closing out the books on a busy first half of 2015, LandVest reports timberland transaction closings worth of $216 million between January and June. The sales occurred in all three regions of the U.S. (West, South & East) and represent 21 separate transactions in 11 different states, as the company said in the press release received by Lesprom Network.

“What we experienced in the first half of the year is representative of the overall market”, notes Joe Taggart, Executive Vice President and Managing Director of Timberland Transactions. “Perhaps more importantly, however, is the diversity of sales and geographies. Typically, we will see specific regions, property sizes, or property types having more activity in one part of the cycle. This year, we have seen strong activity across the board and across the country.”


The diversity of sales include retail, recreational parcels in the Northeast & mid-Atlantic; mixed-use properties like the 1,500 acre Childress Place in Sardis, Mississippi or the 28,000 acre Brandon property in upstate New York; and wholesale timberland opportunities like the 21,000 acre Cherry Springs property in Pennsylvania, the 12,000 acre King property in Louisiana and the 30,000-acre Gualala Redwoods ownership in California.


LandVest expects this market to continue through the end of the year. According to Taggart, “we have a number of projects currently under agreement to close in the second half of the year, strong activity on our existing available inventory and a full pipeline of projects to come online through the 1Q 2016.”
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Plum Creek sells 6,500 acres to conservation group

Plum Creek sells 6,500 acres to conservation group | Timberland Investment | Scoop.it
The Nature Conservancy in Maine has purchased more than 6,500 acres of diverse forestland, including old growth and sub-Alpine fir forest, southwest of Jackman.

The purchase from Plum Creek Timber Co. will allow the Nature Conservancy to expand its Leuthold Forest Preserve to more than 16,000 acres.

The property includes remote ponds and nearly 15 miles of streams that provide habitat for Eastern brook trout as well as waterfowl and wading birds.
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Tacoma’s Murray Pacific Corp. selling Lewis County timber lands to California forest giant

Tacoma’s Murray Pacific Corp. selling Lewis County timber lands to California forest giant | Timberland Investment | Scoop.it
A family-owned Tacoma company that has owned and managed thousands of acres of timberland in Washington for more than a century is selling its Lewis County lands to an aggressive California wood products company.

The acquisition of Murray Pacific Corp.’s 54,000 acres of forested land is Sierra Pacific Industries’ latest foray into the timber business in Washington. The sale is expected to be consummated by the end of July.

“The sale marks the end of Murray Pacific’s 104-year history in the timber business, and ensures that the timberland it has carefully managed for many decades goes to new owners with similar values,” the Tacoma-based company said Friday in a news release.

Toby Murray, the firm’s chief executive officer, said the company and the family that owns it are not going away.

“We’ve been in the investment business for more than 25 years now. This sale will give us much more money to invest,” he said.
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13,000-acre koa forest near Hilo up for sale

13,000-acre koa forest near Hilo up for sale | Timberland Investment | Scoop.it

Honolulu-based Finance Factors is selling a 13,129-acre property known as the “Hilo Koa Forest.”
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The price tag: $14 million, or $1,066 per acre. Whoever buys it will become the the 20th-largest private land owner in the state and the eighth largest on the Big Island, according to the listing.
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While the majority of the acreage is zoned for conservation use, about 1,264 acres are zoned agricultural use and could be developed with 20-acre minimum lot sizes, according to Steven Sofos, president and CEO of Sofos Realty Corp., one of two firms marketing the property.
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In addition to a dense forest of koa, an exotic hardwood endemic to Hawaii , the property features rivers, waterfalls, ocean and mountain views, and a variety of colorful native birds, according to Sofos. A 2002 survey identified 31 native flowering plant species.
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Currently, there are no structures or utilities on the parcels. However, the 1,264 acres of agricultural land could potentially be developed into more than 600 20-acre lots. Permitted uses include an array of agricultural uses, a single-family dwelling or farm dwelling, forestry, equestrian and wind energy uses, according to Sofos. Additional uses may be possible with a permit.
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Just to the north, 3,137 acres of largely untouched forest near Akaka Falls, known by its owners as the “Ohana Sanctuary,” is being sold at an asking price of $25.3 million, or $8,065 per acre. That property hosts the third largest old-growth koa forest on private property, according to its listing.

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Deer hunters seek $19 million to save forest

Deer hunters seek $19 million to save forest | Timberland Investment | Scoop.it
The conversion of thousands of acres of central Minnesota’s pine forests to potato fields has sparked environmental concern.

Communities, citizens and state officials are worried the transformation is polluting and depleting aquifers.

But there’s another worry: loss of wildlife habitat.

In response, the Minnesota Deer Hunters Association (MDHA) is proposing a novel and ambitious $19 million plan to buy about 10,000 acres of forest from Potlatch Corp. in Cass, Wadena and Hubbard counties to prevent their conversion to cropland, reopen them for public hunting and allow people to use them to access thousands of acres of other public lands.
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Calpers Puts Portion of Timber Holdings Up for Sale

Calpers Puts Portion of Timber Holdings Up for Sale | Timberland Investment | Scoop.it

The California Public Employees’ Retirement System, or Calpers, is seeking buyers for roughly 300,000 acres of forestry largely in Louisiana amid a broader review of its timber holdings, according to people familiar with the matter. The woodland represents about one-fifth of roughly 1.3 million U.S. acres controlled by the Sacramento-based fund.

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A decision to sell the Louisiana assets follows an announcement last September that Calpers would exit from a $4 billion investment in hedge funds due to concerns about complexity, costs and whether the commitment was large enough to affect overall returns.


“We continue to look through the entire portfolio to make sure that all programs fit with our current strategic priorities and our efforts to reduce costs and complexity,” a Calpers spokesman said. He added “no decisions have been made,” and there is no deadline for completion of the pension fund’s internal review of forestry holdings.


Any move Calpers makes away from the timber industry will likely influence other investors because of its size and history as an early adopter of alternatives to stocks and bonds.
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Calpers’s first investments in timber happened in the mid-1980s, but much of its $2.3 billion in forests was purchased when land prices were still high before the last housing bust. Since the financial crisis, timber has been Calpers’s weakest-performing asset, according to a May filing. Forestlands lost 0.4% over the past five years, while Calpers’s overall fund rose 9.4%.
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Calpers has an additional one million acres in east Texas it may consider selling if the Louisiana sale goes well, one of the people said. Those Louisiana assets could fetch several hundred million dollars, the people said. One of Calpers’s external timber managers, Campbell Group LLC of Portland, Ore., has hired UBS AG to run the sale.


The size of Calpers’s timber holdings is another reason the portfolio is under review. It represents only about 1% of total assets at Calpers, and Mr. Junkin added in his letter to Mr. Jones that “it could be argued” the allocation “is not large enough to have a significant impact” on overall returns.


Nearly 80% of Calpers’s timber holdings are in the U.S., with the rest in Latin America and the Asia Pacific area. One option under consideration for the U.S. timber portfolio is to leave it completely, but there are no immediate plans to sell any portion of the international forestry assets in Latin America and the Asia-Pacific region, according to people familiar with the matter.

Sam Radcliffe's insight:

See Jack Bridge's frank comments at "Risk-Adjusted Returns" http://sco.lt/5dvwmn


What the article doesn't say: the market for large timberland properties is pretty frothy right now, so what better time to sell? As Jack Lutz notes, this will easily be absorbed by the full-of-dry-powder TIMO's, although some may need buying partners if this is offered as a single transaction.


The timber REIT's have been buying back shares because they represent the cheapest timberland they can find. We'll see what they think of this opportunity...

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DCNR to add 17,000 acres to Elk State Forest

DCNR to add 17,000 acres to Elk State Forest | Timberland Investment | Scoop.it

Acting [Pennsylvania] Department of Conservation and Natural Resources (DCNR) Secretary Cindy Adams Dunn announced Friday that the department is adding more than 17,000 acres of wooded land and waterways to the adjacent Elk State Forest — the largest land addition to the state forest system in 65 years.

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The state invested $7.2 million to purchase the land, which came a fund from mitigation payments for rights-of-way and other transactions that is intended for the acquisition of new state forest lands, according to the DCNR.  

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The property was purchased from Forest Investment Associates (FIA). The company will retain the timber rights for 35 years and continue harvesting timber — supporting local forest management companies and sawmills — under an agreement that requires sustainable forest management practices, according to the DCNR. The timber rights will revert to DCNR in the future, which will continue to ensure it is well-managed for the health of the forest and to support jobs that pay in the forest products industry, the DCNR states.

Sam Radcliffe's insight:

Approximately $425 per acre

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Apple to invest in Maine timberland

Apple to invest in Maine timberland | Timberland Investment | Scoop.it

Technology giant Apple is partnering with The Conservation Fund to preserve more than 32,400 acres of timberland in Aroostook County.
The Arlington, Va.-based nonprofit announced Thursday that Apple's "precedent-setting" investment will help preserve Reed Forest as a working forest, ensuring that it will continue to produce a steady supply of sustainably harvested timber for paper and pulp mills. The forest, also known as Reed Plantation, is located in southern Aroostook County on the Mattawamkeag River, near the border of Penobscot and Washington counties.

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Apple's initiative with The Conservation Fund also includes the preservation of more than 3,600 acres of timberland in Brunswick County, N.C.


Apple's investment will allow The Conservation Fund to purchase both forests, place conservation easements on them and then sell both forests to buyers that will adhere to sustainable forestry practices, Robin Murphy, a spokesman for The Conservation Fund, told Mainebiz. The sale proceeds are then used to invest in preserving other forests, he added.

While Apple may not source its paper from either forests in the future, Murphy said, the technology company's investment will help neutralize the impact of its paper consumption by increasing the country's supply of sustainable wood fiber. He said the production capacity of the two forests is equivalent to about half of the wood fiber used last year in packaging for Apple's products, including the iPhone, iPad and over devices.

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State buys 1,700 acres of forest on Olympic Peninsula

State buys 1,700 acres of forest on Olympic Peninsula | Timberland Investment | Scoop.it
The Washington state Department of Natural Resources (DNR) is buying more than 1,700 acres of forestland north of the Quinault Indian Reservation on the western Olympic Peninsula.

Purchased for $5.2 million from The Nature Conservancy, the land will add to both wildlife habitat and working forests.


The acreage will become part of the Olympic State Experimental Forest, which the DNR manages under its Habitat Conservation Plan for timber revenue to trust-land beneficiaries, including the Common School Trust.

The majority of the site’s standing timber will be ready to be logged in 10 to 20 years.
Sam Radcliffe's insight:

$3,023 per acre, with about $700 per acre allocated to bare land (based on other sources)

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Conservancy buys $7M in timberland on Olympic Peninsula

Conservancy buys $7M in timberland on Olympic Peninsula | Timberland Investment | Scoop.it
The Nature Conservancy has purchased 3,184 acres of Rayonier timberlands in the Hoh River drainage in a $7 million acquisition that is part of a broader forest-restoration effort on the Olympic Peninsula.

The land sale, which closed Monday, will help in the creation of a 32-mile conservation corridor extending from the Olympic National Park to the Olympic Coast National Marine Sanctuary.


The river corridor provides critical habitat for marbled murrelet, northern spotted owl, bald eagle and bull trout, and supports native salmon and steelhead runs, according to a statement released Monday by the Nature Conservancy. Plans for the conservancy land includes planting trees, restoring fish and wildlife habitat and some long-term rotation timber harvests.
Sam Radcliffe's insight:

$2,198 per acre

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Investors eye timber plantation listings

Investors eye timber plantation listings | Timberland Investment | Scoop.it
A SLEW of medium-sized ­timber plantations will hit the market as institutional investors look to aggregate smaller allotments and gain a foothold in the strong softwood market.

CBRE head of timberland transactions David Smith said he expected properties valued at a combined $50 million to be listed in the next month.
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Phaunos Timber Partner Injecting Funds Into Joint Venture

Phaunos Timber Partner Injecting Funds Into Joint Venture | Timberland Investment | Scoop.it
Phaunos Timber Fund Ltd on Thursday said it has reached an agreement in principle with Rayonier for a capital infusion into their Matariki Forestry Group joint venture in New Zealand, which will allow the venture to repay all outstanding amounts under its existing NZD235 million credit facility.


The deal is expected to close by the end of the year and should generate NZD15 million a year in cost savings, Phaunos said.

"The reduction of the Matariki joint venture debt has been a key objective for both the directors of Phaunos and Stafford Capital Partners since the latter became manager in July 2014," said Stephen Addicott, a partner with Stafford Capital Partners, the manager of the Phaunos fund.

"The transaction, based on Matariki's net asset value, is not expected to involve any loss of value or loss of rights under the existing shareholders agreement," Addicott added.
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IKEA Gets Deeper Into the Woods

IKEA Gets Deeper Into the Woods | Timberland Investment | Scoop.it

IKEA is working to wield more control over its most important raw material: wood. The Swedish furniture giant earlier this month bought a forest in Romania, marking the first time that the company will manage its own forest operations.


IKEA said owning and operating forests would help it secure long-term access to sustainably managed wood at affordable prices. The retailer used the equivalent of about 530 million cubic feet of round wood last fiscal year—or about 14 Empire State Buildings—excluding paper and packaging. 


Timber prices are expected to increase globally as population, the use of biomass for energy and U.S. housing sales are on the rise, said George Krempels, a fund manager at FIM Services Ltd.
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IKEA in 2012 set a target to double sales to €50 billion ($55 billion) by 2020. That involves more than doubling the volume of products it sells, said IKEA’s head of sustainability, Steve Howard, since the retailer tries to lower overall prices slightly every year. Despite this, IKEA is aiming to increase the wood it uses by only about 50%, Mr. Howard said in an interview. To do this, the company has been working on optimizing its product designs to make the best use of trees.

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IKEA is increasingly relying on recycled wood for its furniture. By 2020, the company wants all the wood its uses to be either recycled or certified by the Forest Stewardship Council, a nonprofit group that promotes responsible forestry. So far, about 50% of the wood it uses meets either criteria.


IKEA also has its own foresters, who strive to ensure it is buying from well-managed forests. However, the company—which buys much of its wood in Scandinavia, Poland, Romania, China and Russia— has run into problems on its sustainability practices.

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Harvard Exits Romanian Timber Woes, Selling Forests to Ikea

Harvard Exits Romanian Timber Woes, Selling Forests to Ikea | Timberland Investment | Scoop.it
Harvard University’s endowment arm sold 33,600 acres of forest to Ikea Group, exiting a foray into Romanian timberland.
Harvard Management Co.’s strategy of investing in overseas forestry went awry in Romania, where an agent it hired was convicted of bribery and money laundering in June last year. Prosecutors said the agent arranged with sellers to inflate prices that Harvard-owned Scolopax Srl paid for timberland in exchange for $1 million in cash. He denied committing any crime.
“It highlights the outsize risk of going into these frontier markets,” said Joshua Humphreys, president of the Croatan Institute, a social and environmental research group in Durham, North Carolina.
Paul Andrew, a spokesman for Harvard, declined to comment.
Scolopax put the land up for sale in late 2013, asking for about 383 million lei, which was then equal to about $116 million. A spokesman for Ikea declined to say how much it paid for the land.
The purchase makes Ikea the biggest private forestry owner in Romania and gives it a local source of wood for manufacturing.
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Rayonier Completes Two Timberland Acquisitions in the U.S. South and Pacific Northwest for $60 Million

Rayonier Completes Two Timberland Acquisitions in the U.S. South and        Pacific Northwest for $60 Million | Timberland Investment | Scoop.it
Rayonier Inc. RYN, -0.51% announced today the company has acquired approximately 18,000 acres of high-quality timberlands in southwest Louisiana and northwest Oregon in two separate transactions from BTG Pactual Timberland Investment Group. Both properties are located near existing Rayonier landholdings:

The Louisiana property – known as the King parcel – consists of approximately 12,200 acres of high quality, well managed southern pine timberland located in strong timber markets. The property was purchased for $25.5 million. It contains merchantable inventory of approximately 560,000 tons, is comprised of approximately 86% plantable lands, and is expected to improve the company’s sustainable yield by approximately 45,000 tons per year. This acquisition expands Rayonier’s ownership in Louisiana to approximately 150,000 acres.
The Oregon property – known as the Scappoose parcel – consists of approximately 5,600 acres of highly productive, well-stocked and highly-operable timberland tributary to strong domestic and export markets in the northwest corner of the state, near current company holdings in southwest Washington. The property was purchased for $34 million. It complements the age-class profile of the company’s Pacific Northwest timber holdings, contains merchantable inventory of approximately 102,000 tons (12.7 MMBF) of which an estimated 95% is high-value Douglas-fir, is comprised of approximately 88% operable lands, and is expected to improve the company’s sustainable yield by approximately 35,000 tons (4.4 MMBF) per year. This acquisition expands Rayonier’s footprint into the state of Oregon and grows Rayonier’s total Pacific Northwest ownership to approximately 374,000 acres.
Sam Radcliffe's insight:

More than $2000 per acre in the South and more than $6000 per acre in the PNW. Or another way: $45.50 per ton of inventory in the South, $333 per ton in the PNW. Or another way: $566 per ton of increased allowable cut in the South, $971 per ton in the PNW.

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Alibaba’s Jack Ma Buys $23 Million Property in New York’s Adirondacks

Alibaba’s Jack Ma Buys $23 Million Property in New York’s Adirondacks | Timberland Investment | Scoop.it

Jack Ma, the Chinese billionaire and co-founder of e-commerce giant Alibaba, has quietly made a new acquisition: a 28,100-acre property boasting trout streams, woodlands and a maple-syrup operation in New York’s Adirondacks. Mr. Ma paid $23 million for the sprawling upstate New York property, which he bought principally for conservation purposes, but also plans to use as an occasional personal retreat, according to a spokesman.


The estate, known as Brandon Park, includes more than 9 miles of the St. Regis River, as well as lakes, streams, ponds, forests and a 1940s log camp behind its gated entrance. There are two homes on the property, as well as lean-tos and a horse barn.

The land was originally part of neighboring Bay Pond, a private nature preserve created around the turn of the last century by William A. Rockefeller Jr., a co-founder of Standard Oil. In 1939, Brandon was acquired by the family of Wilhelmina du Pont Ross. The Ross family in 1999 transferred the property into Brandon LLC, according to public records. Brandon was first listed for sale in 2012 with an asking price of $28 million. In 2014 the asking price was lowered to $22.5 million.

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Navy, Pope Resources agree to Dosewallips easement

Navy, Pope Resources agree to Dosewallips easement | Timberland Investment | Scoop.it
Naval Base Kitsap expanded the buffer around its operations Monday by purchasing a restrictive easement with Pope Resources on 3,392 timbered acres near the Dosewallips River.

The Navy is spending $4.9 million to prevent significant development or construction from ever occurring in the area. Pope agrees to continue to do no more than it is now — manage and harvest the trees.

At the same time, Washington State Parks bought 215 acres running two miles along the river’s length that will be added to Dosewallips State Park. It used a grant from the Salmon Recovery Fund and matching funds from the Navy for the purchase.

The Trust for Public Land, a national conservation organization, brokered the deal.
Sam Radcliffe's insight:

$1,444 per acre for a working forest easement, demonstrating that easement prices can vary widely depending on the specific location and development potential of the property.

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The Conservation Fund chosen to manage NCSU’s Hofmann Forest

The Conservation Fund chosen to manage NCSU’s Hofmann Forest | Timberland Investment | Scoop.it
The Endowment Fund of N.C. State University has chosen a national nonprofit organization to handle land-use negotiations for the 79,000-acre Hofmann Forest.

The Conservation Fund, based in Virginia, has a dual mission of environmental protection and economic development. It was one of 14 entities that sought the contract after NCSU officials announced in March that they would keep most of the forest and seek to generate income for the College of Natural Resources by selling various rights and easements.

The university had earlier agreed to sell the property in Eastern North Carolina for $131 million to a group that included timberland investors and agribusiness officials. Now university officials say they want to conserve as much as 70,000 acres and maintain access for students and faculty.

The Conservation Fund, supported by the Atlanta-based law firm Sutherland, Asbill and Brennan, will seek the carry out the university’s plan for the forest that includes exploring the sale of rights to the Department of Defense to allow continued training on and above as much as 70,000 acres; selling rights to take over timber farming on about 56,000 acres of pine plantation, and negotiatng permanent conservation easements that would permanently protect a sensitive 18,000-acre section of “pocosin” or wetland.

The plan also calls for selling off 1,600 acres of farmland for continued agricultural use and crafting a long-term strategy for about 4,000 acres south of U.S. 17 near Jacksonville that could include making it available for development.
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Apple Partners With World Wildlife Fund on China Forest Initiative

Apple Partners With World Wildlife Fund on China Forest Initiative | Timberland Investment | Scoop.it
Apple is expanding its environmental protection and renewable energy push in China, announcing that it has partnered with World Wildlife Fund to protect up to a million acres of sustainable forest land in China to produce the fiber used in Apple packaging and products.

The deal will put the WWF in charge of managing as much as 1 million acres of forest in China as Apple works to achieve a net zero impact on the environment for all of the virgin paper products that it uses.

Apple is also partnering with several Chinese power companies to create two more solar farms. The company’s first solar project in China, started only three weeks ago, will produce enough power to run all of Apple’s corporate offices and retail stores in the country.
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Timber family buys 30,000 acres of forest near Gualala

Timber family buys 30,000 acres of forest near Gualala | Timberland Investment | Scoop.it
A swath of coveted timberland near the town of Gualala is being sold to a Northern California family whose existing forest product interests include the Redwood Empire sawmills in Philo and Cloverdale, where logs from the site have been processed for some 30 years.

The Roger Burch family, owner of Redwood Empire and its parent corporation, Pacific States Industries Inc. in San Jose, is expected to close escrow on the property in June, taking possession of nearly 30,000 acres of mixed redwood and Douglas fir at the mouth of the Gualala River currently owned by Gualala Redwoods Inc.

Burch, who has long had timber holdings in Sonoma and Mendocino counties as well as the Bay Area, said he intends to continue what he called GRI’s intelligent management of the site.

“We think that property has been managed as well as any property in California — better than any property that we’re aware of elsewhere — and it’s our intention to practice the same forestry that’s been practiced there,” he said.

Reaction to the sale has been mixed, however, with some expressing disappointment the land will remain in the hands of a commercial timber company rather than conservation interests that made an unsuccessful bid for the property.
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Michigan Sells Treaty-Protected, Pristine Public Land for Limestone Mine

Michigan Sells Treaty-Protected, Pristine Public Land for Limestone Mine | Timberland Investment | Scoop.it
A group of American Indians in Michigan have lost their bid to block a land transfer of nearly 9,000 acres to a company proposing a limestone mine—the “largest single public land deal in Michigan history,” according to the Detroit Free Press.

The attempted injunction was the last legal line of defense against the mine, which would cover as many as 13,000 acres, according to the Detroit Free Press. In the deal, which was approved in March, the state will sell 8,810 acres of “surface land or underground mineral rights” to Graymont, a Canadian mining company, for $4.53 million so it can build the limestone mine in the Upper Peninsula, the Detroit Free Press said.
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Pope Resources announces $4.9 million conservation sale

Pope Resources announces $4.9 million conservation sale | Timberland Investment | Scoop.it
Pope Resources announced on March 31 a $4.9 million conservation sale to The Trust for Public Land, consisting of a conservation easement covering 3,607 acres in Jefferson County.

Of the acreage, 215 acres were sold in fee, leaving 3,392 acres remaining under Pope Resources' ownership subject to the easement that precludes development but allows continuing timberland operations.

"We are pleased to enter into our second conservation transaction in the Hood Canal watershed involving the United States Navy and The Trust for Public Land," said Jon Rose, president of Olympic Property Group, a Pope Resources real estate subsidiary. "The easement and land sale will reduce potential future conflicts between Hood Canal naval operations and development of our property, while at the same time expanding public and riparian access to the Dosewallips River."
Sam Radcliffe's insight:

$1,358 per acre for mostly a conservation easement

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NC State refocuses on conservation of Hofmann Forest

NC State refocuses on conservation of Hofmann Forest | Timberland Investment | Scoop.it
Three months after a controversial sale of Hofmann Forest fell through, North Carolina State University officials said Tuesday that they would retain control of most of the 79,000-acre research forest near the coast.

The Endowment Fund of N.C. State and the Natural Resources Foundation said the change in direction would protect much of the land from intensive development, maintaining a sustainable working forest and access to it for students and faculty.
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