Forest Economics

The southeastern US is commonly referred to as the “wood basket” of the nation due to generating more than half of the nation's timber harvests and producing billions of dollars in revenue for forest products. Forests can produce lumber, paper, products, bioenergy, act as carbon sinks, and more while also supporting the economy of many southeastern states. But timber takes decades of growth and management before being ready to harvest. Understanding financial options related to timber is essential to landowners. The process of carbon sequestration can be used as an alternative income opportunity by selling carbon offset credits. Understanding forestry specific tax provisions can also be of use to landowners by helping to lower overall taxes through careful planning.