Deborah Gangloff replies: AMERICAN FORESTS traditionally has represented the small private forestland
for the sale of approximately 275,000 acres of forestland
in New York's Adirondack Park for approximately $137 million.
A total of 730,000 hectares of forestland
is involved, with a book value of approximately EUR 500 million (US$ 455 million).
WHEN THE STATE OF MARYLAND AGREED TO BUY CHESAPEAKE-IMPORTANT FORESTLAND
, THE QUESTION BECAME: HOW TO KEEP IT THE SAME WHILE MAKING IT BETTER.
Under a separate agreement, International Paper will sell approximately 900,000 acres of forestland
in Louisiana, Texas and Arkansas to an investor group led by TimberStar for approximately $1.
Resource Management Service (RMS), the largest privately held forest management and consulting firm in the United States, served as the buyer's agent during the recent sale of 78,000 acres of non-strategic fee and leased forestland
in Alabama and Georgia.
Look out across the pristine family operations that account for nearly 50 percent of all privately owned woodlands, and you're likely to scoff that a cry of alarm over the state of family-owned forestland
is nothing more than an overreaction.
March 29 /PRNewswire-FirstCall/ -- International Paper has agreed to sell 69,000 acres of forestland
in Wisconsin to The Nature Conservancy, as part of IP's larger effort to explore selling some or all of its U.
In an executive order designed to "launch one of the largest land preservation efforts in America's history," President Clinton announced plans to permanently protect at least 40 million acres of federal forestland
from road construction, logging, and other development.
It has entered into a long-term supply agreement with NewPage Corporation, to ensure that the forestland
owned by Escanaba Timber will remain a key source of wood supply to the NewPage mills in Chillicothe, Ohio, Wickliffe, Kentucky, and Escanaba, Michigan.
As the moms and pops who own nearly half the nation's private forestland
steward their timber stands into a new millennium, the time-honored cycle of planting, pruning, and harvesting trees has an anxious edge.
The award acknowledges IP's excellent stewardship of swallow-tailed kites, red-cockaded woodpeckers and other wildlife within the company's nearly 1 million acres of forestland