A blog for land people from a land guy. Covering land issues, real estate and forestry topics...................................... By G. Kent Morris, ALC, RF.
Land Broker with Waddell Land Co.
Saturday, November 5, 2011
Timberland......Who Owns All The Timberland?
A recent case study reveals some interesting facts and trends:
In 2000 forest products companies owned about 20% of privately owned timberland, 36 million was in the Southeast. By 2010 much of these holdings had changed hands.
The top 10 companies owned 38.7 million acres in 2000. After a historic divestiture that number dropped to 21.5 million acres. Four of the top five are Real Estate Investment Trust (REITs), tax advantaged entities with timberland as their prinicipal business.
Timberland Investment Management Organizations (TIMOs) purchased many of the acres sold.
Timberland prices also increased over the period. Nation wide prices averaged $800 per acre in 2000. Prices peaked in 2007 at $1,800 per acre. By 2010 prices had fallen back to 2006 levels.
For Information on Buying or Selling Land contact G. Kent Morris, ALC, RF at (706) 457-0090
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