The Consultant - 2018 - 30

CHANGES OF BIBLICAL PROPORTIONS

productive timberland, began offering
lands for sale. TIMOs with bundles of
pension fund cash were ready buyers. By
the end of the 90s a considerable portion of industrial lands were owned by
investors, mostly large pension funds.
Eventually, publicly traded Real Estate
Investment Trusts (REITs) also emerged
to serve the average investor who wanted
to own an interest in timberland without
taking on the management responsibility
required by outright fee simple purchases.
Competition for timber (sawlog and
pulpwood) came from a broad and stable
market of private family-owned mills and
large publicly owned mills. Competition
for timber in some market areas was
almost brutal, yielding 10 to 15 bids for a
single timber sale offering. Bid openings
almost became social occasions. Timber
prices continued to rise. Timberland
owners were happy and experienced

30

increasing revenue and returns on their
investment. With the prospect of a bright
future in growing timber, tree planting
increased, and cultural practices became
more intense and more frequent. Market
incentives were working to produce more
and more. Also, government programs
with "free money" encouraged even
more planting on wild lands as well as
surplus cropland.
Markets for fuel wood expanded in the
form of chips as well as pellets for export
and domestic use. Computerized technology improved sawmill production and
efficiency, thereby producing even more
lumber from the same log.
Pulp and paper company forests, once
managed on a short rotation to produce
a high component of pulpwood, are
now owned and managed by investors
and their advisors. Along with a change
in ownership came a change in forest

management strategy, a shift to longer
sawtimber rotations. This was a big shift
in management strategy for 20 percent of
the most productive lands in the South. A
wall of sawtimber was quietly in the making, but still far away below the horizon.
By the late 1990s timber - particularly
sawlog - prices were at an all-time high
across the South.

CHARIOTED WARRIORS STORM
THE KINGDOM...2000 TO TODAY
During the early part of this new century,
pulp and paper mills continued to divest
of their timberland and institutional
investors continued to buy. Eventually,
the pulp and paper industry became
manufacturers exclusively. Another huge
change was quietly occurring. No longer
bound to a particular location by their
timberland base, mills began restructuring and repositioning for the future.

THE CONSULTANT

2018



Table of Contents for the Digital Edition of The Consultant - 2018

From the Executive Director End Notes
From the President ACF: Forestry, Fellowship and Value
Sharing the Stories of the Trees: ACF Distinguished Forester Jim Able
Maple Syrup: A Steigerwaldt Family Tradition
The South Carolina Chapter and Forestry Students
The Association of Consulting Foresters Celebrates 70 Years
Carbon Offsets: A Viable Opportunity for Forest Landowners?
Changes of Biblical Proportions
Forests for Fish In Michigan, Foresters and Anglers are Learning from Each Other
Case Study: Richland Township Woods, North Central Indiana
Invasive Species 101
Evaluating Forest Inventory Technology for Small Landowners
Choosing the Right Accountant or Tax Preparer
The History of Forestry in Ireland
The American Oak Project Midleton Distillery Creates Rare Irish Whiskey to Promote Sustainable Forestry
Products & Services Marketplace
Index of Advertisers
Why not Surround Yourself with the Best?
The Consultant - 2018 - Intro
The Consultant - 2018 - cover1
The Consultant - 2018 - cover2
The Consultant - 2018 - 3
The Consultant - 2018 - 4
The Consultant - 2018 - 5
The Consultant - 2018 - From the Executive Director End Notes
The Consultant - 2018 - From the President ACF: Forestry, Fellowship and Value
The Consultant - 2018 - Sharing the Stories of the Trees: ACF Distinguished Forester Jim Able
The Consultant - 2018 - 9
The Consultant - 2018 - 10
The Consultant - 2018 - 11
The Consultant - 2018 - Maple Syrup: A Steigerwaldt Family Tradition
The Consultant - 2018 - 13
The Consultant - 2018 - 14
The Consultant - 2018 - 15
The Consultant - 2018 - The South Carolina Chapter and Forestry Students
The Consultant - 2018 - 17
The Consultant - 2018 - 18
The Consultant - 2018 - 19
The Consultant - 2018 - The Association of Consulting Foresters Celebrates 70 Years
The Consultant - 2018 - 21
The Consultant - 2018 - Carbon Offsets: A Viable Opportunity for Forest Landowners?
The Consultant - 2018 - 23
The Consultant - 2018 - 24
The Consultant - 2018 - 25
The Consultant - 2018 - 26
The Consultant - 2018 - 27
The Consultant - 2018 - Changes of Biblical Proportions
The Consultant - 2018 - 29
The Consultant - 2018 - 30
The Consultant - 2018 - 31
The Consultant - 2018 - 32
The Consultant - 2018 - 33
The Consultant - 2018 - Forests for Fish In Michigan, Foresters and Anglers are Learning from Each Other
The Consultant - 2018 - 35
The Consultant - 2018 - 36
The Consultant - 2018 - 37
The Consultant - 2018 - Case Study: Richland Township Woods, North Central Indiana
The Consultant - 2018 - 39
The Consultant - 2018 - Invasive Species 101
The Consultant - 2018 - 41
The Consultant - 2018 - 42
The Consultant - 2018 - 43
The Consultant - 2018 - Evaluating Forest Inventory Technology for Small Landowners
The Consultant - 2018 - 45
The Consultant - 2018 - 46
The Consultant - 2018 - Choosing the Right Accountant or Tax Preparer
The Consultant - 2018 - The History of Forestry in Ireland
The Consultant - 2018 - 49
The Consultant - 2018 - 50
The Consultant - 2018 - 51
The Consultant - 2018 - The American Oak Project Midleton Distillery Creates Rare Irish Whiskey to Promote Sustainable Forestry
The Consultant - 2018 - 53
The Consultant - 2018 - 54
The Consultant - 2018 - 55
The Consultant - 2018 - Products & Services Marketplace
The Consultant - 2018 - 57
The Consultant - 2018 - 58
The Consultant - 2018 - 59
The Consultant - 2018 - Index of Advertisers
The Consultant - 2018 - 61
The Consultant - 2018 - Why not Surround Yourself with the Best?
The Consultant - 2018 - cover3
The Consultant - 2018 - cover4
The Consultant - 2018 - outsert1
The Consultant - 2018 - outsert2
The Consultant - 2018 - outsert3
The Consultant - 2018 - outsert4
The Consultant - 2018 - outsert5
The Consultant - 2018 - outsert6
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