The Foundation timberland investment of 77,486 acres has continued to perform well in fiscal year 2020-2021.

  • The timberland investment was valued at $170,938,000, at June 30, 2021.
  • Total revenue from the timber assets is more than $3.2 Million for the period from July 1, 2020, through June 30, 2021.
    • Revenue from the sale of timber for fiscal year 2021 was:
      • More than $2.1 Million in clear-cut sales and pay-as-cut clear-cut sales. The Foundation sold timber on more than 1,800 acres.
      • $472,000 from sale of pine pulpwood in thinning. More than 3,400 acres were thinned producing more than 153,000 tons of pine pulpwood.
    • Revenue from hunt leases added another $494,000 to revenue from the timber asset.
    • Other leases provided an additional $86,000.
  • The five-year forecast for 2022-2026 projects revenue of $3 Million annually generated from clear-cut sales, thinning and hunt leases. 
  • At June 30, 2021, the investment in timberland represents 39.21% of the net assets of the Foundation.
  • The timber asset class is characterized by its low volatility and constancy of value while providing a consistent revenue source.  Its value has increased to $170,938,000.  Total revenue from the sale of timber since the beginning of timber operations has been $156.8 Million.
  • Plans for the 2021-2022 year are:
    • Clear-cut sales of timber on 1,400 acres;
    • Preparing for planting and planting 2,400 acres;
    • Planting ArborGen seedlings with excellent performance ratings for potential growth; and
    • Leasing more than 75,000 acres for hunting generating revenue of more than $496,000.