CAPITAL IDEAS -- LIVE!
January 2006 News Conference for Forest Owners
Sponsored by Alabama Forest Owners' Association, Inc. Conference was recorded
January 18, 2006.
Hayes D. Brown
starting time: (00:00)
Hayes D. Brown, attorney and forest owner, will moderate this
news conference. Hayes' email address is
Click Here to View & Hear Prior News Conferences.
Mr. James N. Levitt
Network Innovations, Backlashes, and Solutions
Jim Levitt is Director of the
Program on Conservation Innovation at
Harvard University in
Cambridge, Massachusetts. America's thirst for
new technologies and networks, such as transcontinental railroads,
telegraphs, and interstate systems, has caused innumerable benefits to our
way of living. The newest generation of networks exists in the form of the
Internet and express delivery systems, such as FedEx and UPS. Levitt
explains why these benefits have given Americans “a history of excessive
optimism regarding the ability of such networks to solve a wide variety of
social problems” and what some solutions are.
Phone: (617) 489-7800
Dr. William T. O'Hara
Extreme Family Legacies
is founder and executive director of Bryant College's
Institute for Family Enterprise in Smithfield, Rhode Island. In his
Centuries of Success: Lessons from the World's Most Enduring Family
profiles twenty of the world's oldest family businesses. He explains how
these family firms survived not only the from the first generation to the
next, but how they achieved such longevity over centuries. Surely, we
can take some lessons from these legacies in order to nurture our own.
Phone: (401) 232-6477
Ms. Mary F. Fritz
“TIMBER!” What Women Need to
Mary Fritz is a Private Forestry
Specialist with the
Department of Lands, in Orofino, Idaho. Mary has provided forestry
advice to landowners within her region for over 15 years. A number of forest
landowners are women, and, for those ladies who came by their land through
an inheritance or loss of a spouse, such responsibility of ownership can be
provides tips for making sound decisions
and empowering women who know little or nothing about forest management.
Phone: (208) 476-4587
Dr. Thomas J. Straka
Packaging the Perfect Forester
Thomas Straka is Professor of Forest Management and Economics
at Clemson University in South Carolina. Since paper companies are selling
off their land, the number of small private landowners in Alabama and the
South is growing. As a result, the need for consultants will increase.
Landowners will demand more of their consultant than just knowing about
trees. They will want a consultant with a foundation in business,
communication, forest finance, and taxation. Some forestry colleges are
noticing these changes in ownership patterns, and are modifying their
forestry curricula to meet those demands.
Phone: (864) 656-4827
Ms. Amanda Wood
Planning & Planting Game Food
Amanda Wood is a
wildlife biologist and the owner of
Wildlife Consultants, LLC based in Fortson, Georgia. She will tell
us why we should be planting cool season food plots, what seeds to get, and
how to plant them. In addition, she'll tell us about why we should already
be thinking about planting warm season plots.
Phone: (706) 568-8412
Dr. Jeffrey W. Stringer
Producing Fully Stocked,
High Value Hardwood Stands
Jeffrey Stringer is a professor at the
University of Kentucky's
Forestry in Lexington. Stringer advises that, "hardwood management is
about producing a limited number of high valued trees per acre,
not a large number of low quality trees." In addition, "the goal for
hardwood regeneration is to ensure that 10
to12 years after the regeneration harvest the stand contains adequate
numbers of saplings, typically between 100 and 200." In the end, this will
leave a fully stocked stand of 50 to 60 high value sawtimber sized trees
Phone: (859) 257-5994
Mr. Troy Scott Parker
Trails and Trail Systems on Private Land
Scott Parker is president of
LLC, a trail research and consulting firm located in Boulder,
Colorado. Having trails on your land can be enjoyable for you and your
guests. Yet trails that best fulfill your desires, make the most of your
site, and withstand erosion and trail use don’t just happen. In his
Parker describes the essential elements of natural surface trails in terms
of how we perceive trails, how trails relate to their sites, and how
physical sustainability and the best trail experience can be shaped by the
same physical aspects at the same time.
Phone: (303) 530-1785
Mr. Henry I. Barclay, III
Timely Tax Tips
is managing partner of
Lehmann, Ullman & Barclay, LLP,
in Birmingham, Alabama. He writes a biannual article on
Tax Tips [12/05] for AFOA. His
latest installment, which appeared in your December 2005 Capital Ideas
newsletter, caught us up on some things we should keep in mind as we prepare
our 2005 returns and as we plan for 2006. He also gives us some help with
other timber tax issues and
Highlights from Tax Tips
- Salvage timber sales and their gain can be
deferred if the proceeds are invested in similar property within two
years (5 years for Katrina losses).
- You can qualify for capital gains
treatment if you sell under a timber deed or lump sum contract.
- You can treat the first $10,000 of
reforestation costs as deductions. The balance is amortized over 84
months (1/2 year of amortization is taken the first year).
- You may make tax free gifts of up to
$12,000 of value each year beginning in 2006.
Phone: (205) 328-5966