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TIMBER

arrow At the December 7, 2017, meeting of the Foundation Board, the Board received a report on the timber investment and the ongoing plans and projections for the fiscal year 2017-2018.
arrow The timberland investment, with more than 77,000 acres of timberland, was valued at $158,904,000 at September 30, 2017. Total proceeds from clear-cut sales and thinning from inception of the timber management plan was $147,308,000. The timber investment provides a predictable source of cash flow to support the contributions to the University of South Alabama, while maintaining value over the long term.
arrow Revenue from the timberland investment for the fiscal year through December 1, 2017, was $2,248,000, which included revenue from clear-cut sales, thinning and hunt leases.
arrow For fiscal year 2017-2018, the Foundationís timber forecast and management plan includes: clear-cutting sales on 1,978 acres of timberland; thinning revenue from thinning 2,000-3,000 acres of timberland; and hunt lease revenue from more than 74,000 acres of the timberland.
arrow In December, 2017, the Foundation had planted more than 680,000 seedlings on 1,099 acres. Arborgen open pollinated seedlings and mass control pollinated seedlings were planted with 622 trees per acre. The seedlings have high performance ratings with high growth rates.
arrow The valuation of the more than 2,200 acres planted in varietal seedlings and mass control pollinated seedlings has increased the site index and overall expected growth potential due to the unique qualities of these improved seedlings.
arrow Timberland Investment Statistics:
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Initial investment in Timberland $132.9 Million
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Revenue produced from initial investment $147.3 Million
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Fair Market Value at September 30, 2017 $158.904 Million.

P.O. Box 3148 Mobile, AL 36652-3148 (251) 432-2116 fax (251) 432-2108