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Scooped by
Prentiss & Carlisle
March 2, 2012 8:48 AM
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WASHINGTON — Gov.Butch Otter told members of Congress on Tuesday that a disaster along the lines of the devastating 1910 wildfire in North Idaho could be coming, as the trees that grew after those fires are reaching the end of their...
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Prentiss & Carlisle
February 27, 2012 2:06 PM
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In the inexhaustible quest for generating alpha in the market I've been tempted by many different types of investments. One of the most intriguing has been timber...
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Prentiss & Carlisle
February 23, 2012 9:32 AM
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Deltic Timber Corporation's President and Chief Executive Officer, Ray C. Dillon, announced today that financial results for the fourth quarter of 2011 were a loss of $.2 million, $.02 a share, which compares to net income of $1.3 million, $.10 a share, in the corresponding quarter of 2010. The decrease is due mainly to a reduced pine sawtimber harvest volume sold at a lower average per-ton sales price, combined with the sales of fewer acres of non-strategic hardwood bottomland.
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Prentiss & Carlisle
February 21, 2012 12:15 PM
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Wood fiber costs for pulp manufacturers declined in the 4Q/11 as pulp prices fell – with Global Wood Fiber Price Indices dropping 3.5%, reports the Wood Resource Quarterly...
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Prentiss & Carlisle
February 20, 2012 8:41 AM
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Without an accurate survey of the resource, say stakeholders, B.C.’s Ministry of Forests does not know how much is available to harvest and how much needs to be replanted... ... A third of the government’s inventory of timber lands is at least 17 years out of date, the Ministry of Forests confirms. That makes it impossible to accurately establish the so-called falldown – the point at which mills in the B.C. Interior start to run out of logs after processing today’s pine-beetle-killed timber.
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Prentiss & Carlisle
February 20, 2012 8:31 AM
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U.S. Forest Service researchers have confirmed what has long been suspected about a valuable tree in Alaska's Panhandle: climate warming is killing off yellow cedar.
...the yellow cedar experience also underscores the increasing importance that climate change will play in managing forests...
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Scooped by
Prentiss & Carlisle
February 16, 2012 6:09 PM
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Natural vs.economic resources is at the center of the debate over control of Minnesota's 150-year-old school trust land.
...this week a battle is heating up at the Capitol in St. Paul with new legislation introduced that would strip control of the school land from the Department of Natural Resources and give it to a trust manager housed in another state agency...
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Prentiss & Carlisle
February 15, 2012 10:26 AM
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[Editor: nice summary and commentary from RISI]
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Prentiss & Carlisle
February 15, 2012 7:40 AM
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As little as five years ago, Maine had just one pellet-producing plant. Today, there are four with plans on the table to build more. ...
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Scooped by
Prentiss & Carlisle
February 12, 2012 8:51 PM
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Nearly 7,000 acres of undeveloped forest in southeastern Koochiching County will be permanently conserved under a deal announced Friday.
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Prentiss & Carlisle
February 9, 2012 5:51 PM
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The Pension Protection Fund is set to add specialist farmland and timberland fund managers to its investment manager panel to assist its alternative investment programme.
The £9bn fund has put out a tender for managers to sit on the panel in a bid to further diversify its alternatives portfolio. The PPF said the panel would help invest in land and the operations necessary to cultivate and market agricultural produce, or to grow and sell timber.
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Prentiss & Carlisle
February 9, 2012 4:34 PM
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Brookfield Infrastructure's timber operations reported FFO of $33 million in 2011, compared to $11 million last year. Realized prices increased by 14% versus last year, reflecting strong demand from Asian markets. In response to this price environment, Brookfield Infrastructure increased its harvest by 28% over last year. For the year, the timber segment's EBITDA margin was 39%.
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Prentiss & Carlisle
February 9, 2012 4:28 PM
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New Zealand billionaire Richard Chandler is reported to be preparing for another major timber investment following Sino-Forest's debacle. ...
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Prentiss & Carlisle
February 27, 2012 2:11 PM
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... Essex County Council, which runs an £3.4bn pension fund, has picked boutique Stafford Timberland to run a £60m allocation to global forestry assets...
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Prentiss & Carlisle
February 27, 2012 2:01 PM
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GMO, founded in 1977, is a privately held global investment management firm servicing clients in the corporate, public, endowment, and foundation marketplaces. As of December 31, 2011, we managed $97 billion* in client assets using a blend of traditional judgments with innovative quantitative methods to find undervalued securities and markets. ...
[Editor's note: our "Featured TIMO" series does not imply an endorsement of the subject organization. It is presented only to help educate readers about this corner of the Timberland Investment space.]
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Prentiss & Carlisle
February 22, 2012 8:34 AM
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During 4Q2011, wood fuel markets were characterized by higher consumption volumes and lower prices, primarily because the costs of substitutes—natural gas and electricity—also fell.
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Prentiss & Carlisle
February 21, 2012 8:41 AM
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About 9,485 acres of local timberlands that are owned by the Harden Furniture company are being sold to a timber investment management organization in a deal expected to be completed by April, says company CEO/owner Greg Harden.
A contract for sale of the 23 tracts in Oneida and Oswego counties has been signed, Harden said, but he would not specify the buyer nor the purchase amount. He said the property’s list price was $10 million when it had been put up for sale, but would not indicate how that compared to the sale agreement.
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Prentiss & Carlisle
February 20, 2012 8:38 AM
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The Forestland Group, LLC (TFG) acquires and manages timberland investments for institutions, families, and individuals.
TFG currently manages approximately 3.4 million acres in 20 U.S. states as well as in Belize, Canada, and Costa Rica. The firm manages its investments through a series of limited partnerships and private REITs with a mix of both institutional and high-net-worth investors encompassing some 130 different entities. ...
[Editor's note: our "Featured TIMO" series does not imply an endorsement of the subject organization. It is presented only to help educate readers about this corner of the Timberland Investment space.]
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Prentiss & Carlisle
February 17, 2012 8:26 AM
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Sino-Forest Corp. Chairman William Ardell says he found no sign of major fraud while overseeing an eight-month probe of the company. He also says a full account of the Chinese timber producer’s activities and business ties may never be known.
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Prentiss & Carlisle
February 16, 2012 6:06 PM
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After a lengthy delay, construction of what could be the nation's first large-scale wood-to-ethanol plant in the country is to start this year in Michigan's eastern Upper Peninsula.
... 71,000 acres of timber, mostly from the Upper Peninsula, would be harvested annually for the plant if it produces 40 million gallons of ethanol a year. That's similar to the amount of wood utilized by several paper mills in the region that closed in recent years...
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Prentiss & Carlisle
February 15, 2012 9:24 AM
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The timber bill springs from frustration over the continued deadlock in federal forests, which make up 60 percent of Oregon's timberland but provide only 12 percent of the harvest. State forests, though only 4 percent of the land, provide 10 percent of the annual harvest. Rather than wait for a solution on federal land, advocates say the state should increase the flow of logs to mills, retain jobs and support rural communities. Industry, rural officials and union leaders back the bill. ... The bill would set timber harvests at an unsustainable level, said Ivan Maluski of the Sierra Club. "It's characterized as a major jobs bill, but to us it looks more like an ideological bill," he said.
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Prentiss & Carlisle
February 14, 2012 2:39 PM
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Molpus Woodlands Group (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, announced today, on behalf of Molpus’s third co-mingled fund, the successful purchase of approximately 42,464 acres of timberland in Tennessee.
Molpus currently manages over 60,000 acres in Tennessee. This transaction is the third acquisition for Molpus's third co-mingled fund. ...
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Prentiss & Carlisle
February 12, 2012 8:44 PM
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Wells Timberland REIT was today honored by the Georgia Department of National Resources with the Forestry for Wildlife Partner Award. Presented by Georgia governor Nathan Deal, the award was made in recognition of Wells' commitment to helping enhance the Department's wildlife conservation initiatives on the REIT's forestlands.
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Prentiss & Carlisle
February 12, 2012 8:31 PM
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Hancock Timber Resource Group (HTRG) was founded in 1985 and is based in Boston, Massachusetts, USA. We develop and manage globally diversified timberland portfolios for public and corporate pension plans, high net-worth individuals, and foundations and endowments. As of December 31, 2010, assets under management totaled $9 billion. These assets are located in the United States, Canada, Australia, New Zealand, and Brazil. ... [Editor's note: our "Featured TIMO" series does not imply an endorsement of the subject organization. It is presented only to help educate readers about this corner of the Timberland Investment space.]
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Prentiss & Carlisle
February 9, 2012 4:32 PM
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“The big story for 2011 was strong demand from China for logs and lumber,” said David L. Nunes, President and CEO. “We were well positioned to capitalize on this surge in demand since all of our tree farms are tributary to export log ports. Based on both new properties acquired by our second timber fund in 2010 and significant amounts of deferred harvest volume from 2008-2010, we had a record harvest year in 2011 at 90 million board feet (MMBF). In addition, we enjoyed a 17% increase in our average realized log price based on both export demand and greater competition in domestic markets where many of the mills benefited by the exporting of lumber to China. These factors combined for a very strong year in terms of cash flow generation.”
Fee Timber operating income for the fourth quarter of 2011 was $5.5 million compared to $1.7 million for the fourth quarter of 2010. This tripling of operating income was due to the combined impact of a 164% increase in harvest volume, which increased from 11 MMBF in 2010 to 29 MMBF in 2011, and a 17% boost in average realized log price, which increased from $481 per thousand board feet (MBF) in 2010 to $565 per MBF in 2011. ...
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