The Forest Service recently released a bulletin with tax reporting tips for 2013.The document provides short explanations of various deductions, along with examples. The Forest Service Forest Taxation web site has a variety of other tax related resources and information that readers may find of use.
Domestic Mill Log Prices
Log price quotes from selected forest product producers and purchasers in Washington, Oregon and Idaho suggest that timber prices are continuing their upward trend for 2013. Additional information can be found on DNR’s Timber Sale Query web page.
Carbon markets are a form of emission trading that focuses on removing carbon dioxide (CO2) from the atmosphere through sequestering it in plant matter – specifically trees. The market is an emerging way of combatting climate change by reducing CO2 concentrations and can also provide a financial return on unharvested forestland. But are they feasible for small forest landowners?
The answer to that depends on several factors:
- The size of your holdings – Project development costs vary, but are generally more favorable with larger holdings or “packaged” projects that contain land from several landowners.
- The volume of your timber – There is no age requirement for stands, but older stands are more likely to provide credits for trading.
- Your willingness to change management practices – In addition to requiring changes in management practices such as reforestation and harvest rotation, landowners must be willing to commit to the plan for 50 to 100 years.
If you’re interested in learning more about carbon markets, a good place to start is Ecotrust’s “A Landowner’s Guide to Carbon Offsets.”