CAPITAL IDEAS -- LIVE!
SEPTEMBER 2021 News Conference for Forest Owners
Produced by the Alabama Forest Owners' Association, Inc.
This Conference was recorded at 10:00 AM Central Time on
Wednesday, September 8, 2021 with a live audience. If you would like to be a
member of the audience on the next program, call (205)
624-2225 to register.
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Hayes D. Brown
starting time: (00:00) |
Moderator
Hayes D. Brown, attorney and forest owner, will moderate this news
conference. Hayes' email address is
hbrown@hayesbrown.com.
Click Here to View & Hear Prior News Conferences.
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Palmer Schoening
(00:45)
Hear Conference
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Why Landowners Should Fight the Biden
Administration's Potential Tax Changes
Palmer Schoening
is President of Schoening Strategies and Chairman of the
Family Business Coalition. In these roles, he's on the frontlines in
Washington, D.C., working to advise associations and family businesses on
tax policies. He is well versed on a new plan by the Biden administration,
American Families Plan, that will actually do much harm to family
businesses, including landowners, if passed. Specifically, this plan by the
Biden administration aims to repeal stepped-up basis and increase the
capital gains tax, both of which will hit family businesses hard. Palmer
will share where the conversation around this plan is currently, what it
means for landowners if passed, and what landowners can do to push back on
these potential tax hikes.
Suggested Reading:
Phone: (202) 787-1399
Email:
palmer@schoeningstrategies.com
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Dan Chappell
(04:42)
Hear Conference |
Alabama's Venture into the Natural Capital Exchange
Carbon Program
Dan Chapell
is Coordinator of the
Alabama Forestry
Commission's Forest Inventory and Analysis Program. Alabama was
recently enrolled for one year in the
Natural Capital Exchange's
Carbon program. According to Alabama Assistant State Forester Will Brantley
as reported in TreeTopics, June 2021, this will provide 'harvest
deferral credit payments' to landowners in lieu of harvesting timber during
that time period. Enrollment in this program is aimed to generate additional
revenue for the agency, but it's also expected to generate revenue for
landowners throughout Alabama. For the first marketplace the state
participated in, it's estimated that Alabama has 9,700 eligible acres, and
if there is no tree loss, storm damage, or pests, could realize
approximately $40,000. That breaks down to $4/acre. Dan will speak to what this program is and
what it means for landowners.
Phone: (334 ) 850-3986
Email: james.chappell@forestry.alabama.gov
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Dr. Tamara Cushing
(09:13)
Hear Conference |
Information Needed to Deduct Storm Damage
Dr. Tamara Cushing
is an Extension Assistant Professor in Forest Business at the University
of Florida and is one of the top forest taxation experts in the United
States. With the recent national disasters happening around the
country--from the wildfires out West to the Gulf's experience with Hurricane
Ida--it's important for forest landowners to understand how to handle
deducting storm damage losses. Tamara will share what forest landowners
should do to prepare for these types of natural disasters, what provisions
are available, and how to document a loss.
Suggested Reading:
Phone: (352) 273-0026
Email: tcushing@ufl.edu
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Ed Wilson
(13:18)
Hear Conference |
An Update on Hunting Safety
Ed Wilson is
the Vice President of
Outdoor
Underwriters, Inc., the company which provides AFOA members with
hunting lease liability insurance and timberland liability insurance. It's impossible to overstress the importance of
hunting safety, and it's critical for both landowners and hunters alike to
understand the ethics and responsibility required to keep everyone safe.
Over the years, safety options have advanced and improved. Ed will speak
with us about the latest options hunters and landowners have to track and
share locations while in the forest to ensure maximum safety.
Suggested Reading:
Phone: (803) 360-2241
Email: ewilson@outdoorund.com
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