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CAPITAL IDEAS -- LIVE!
May 2005 News Conference for Forest Owners
Sponsored by Alabama Forest Owners' Association, Inc. Conference was recorded
May 18 and May 13, 2005.
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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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Margaret Hage Byfield
(00:35) |
Property Rights
Fundamental in ESA Reform
Margaret Byfield is Executive Director of
Stewards of the Range,
a national advocate group for
property rights.
We are offering her the opportunity to tell us what she does not like about
House
Resources Committee Chairman
Richard W. Pombo's
efforts to "modernize
and strengthen" the Endangered Species Act. Pombo accepts the idea that
land may be taken from private owners to "save" an endangered species as
long as the owner is paid a "fair" amount for his land. Byfield says that
the ESA should not interfere at all with us and our property, period.
Phone: (208) 855-0707
Email: mgliberty@stewards.us
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Steven J. Milloy
(04:15) |
More at Risk Than the
Bottom Line
Steve
Milloy
is with Action Fund Management, LLC in Potomac, Maryland. He serves
as the lead portfolio manager for the
Free Enterprise Action Fund. This is the first mutual fund which
serves to counter green activists like the Rainforest Action Network.
Company after
company
is backing down and changing their policies and practices to accommodate
these activists' "Corporate Social Responsibility" extortion methods.
Targets now include
financial institutions like
J.P. Morgan because of their role in financing forestry operations.
He will explain what his organization is doing to fight radical
environmentalists who plant misconceptions about the environment and explain
why financial institutions aren't standing up to them.
Phone: (301) 258-2852
Email: steve@feafund.com
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Bonnie Erbe (08:09) |
Residential Development a Revenue Generator? Think Again!
Bonnie Erbe
is a
nationally syndicated columnist on domestic politics for
Scripps Howard News Service and legal affairs correspondent for
Mutual/NBC Radio. In addition, she is host of
To The Contrary, a weekly discussion of news and
national affairs consisting of a panel of nationally known experts. This
savvy journalist makes it a point to stay on top of the hottest issues. She
pointed out
in her column (4/13/05, Mobile Register) that forestland
pays more in property taxes than it receives in services.
Pennsylvania's Shrewsbury Township (see
column) surveyed these costs in 2000. Here were the costs vs.
income findings from different types of land use. It's worth taking a
look at the numbers:
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Township's Revenue
(generated by land use) |
Township's Expenses
(services used by land use) |
Translation |
| 77% by residential land uses |
96.3% for residential land use. |
For every $1 of revenue generated by
residential property in $1.22 was spent providing services to those lands |
| 19.7% by commercial land uses |
3.1% for commercial or
industrial uses |
For every $1 received from commercial and
business land uses in the township, only $0.15 was spent to provide
services. |
| 3.3% by farmland, forests or
open land. |
0.6% (less than 1%) for
farm, forest and open land. |
For every $1 received from farm/forest/open
land uses in the township, only $0.17 was spent providing services. |
Email:
bonnieerbe@compuserve.com
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Jan Jantzen (14:00) |
Rancher's Range Burning
"Chore" Sparks a New Venture
Jan Jantzen is a flint hills naturalist who owns and operates
Kansas Flint Hills Adventures, LLC out of his Grandview Ranch in
Emporia, Kansas. He is taking full advantage of his property by exploring
different routes of income opportunity, including horse rides and wildflower
tours. One venture in particular he is doing on his property has even caught
the attention of the
Wall Street Journal: burn tourism. Springtime is
range-burning season on the prairie, yet instead of having to do the
burning himself or hiring laborers, Jantzen is actually charging
people to come out on his property and perform this "chore" for him! He gets
paid $100 by every burner to attend this
all-day range burning party; including guests from as far away as
Finland. Could this be for you? ... tree felling, game food plot
planting, beaver dam removal ---- chainsaws, tractors, dynamite ....
Phone: (620) 342-2625
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Dr. Robert Daniels
(18:31) |
New 4-H Curriculum
Promotes Forest Appreciation in Kids
Bob Daniels
is an Extension Forester at
Mississippi State
University. He served as chair of the national design team that
developed the
"Forests of Fun" 4-H curriculum - the first for forestry since 1979.
Just released for 2005, this new national series aimed at grades 3 through
12 feature educational activities that focus on individual trees, forests,
urban forests, forests around the world, forestry careers, management of
forest resources and more. A website provides additional forestry
information to support the activities and more contacts for youth that wish
to investigate the "wider world of forestry." The new curriculum includes an
interactive and
youth-friendly web site.
Phone: (662) 325-3151
Email: bobd@ext.msstate.edu
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Sam Berry (20:59) |
Tools to Support Burn
Tourism
Sam Berry is a Technical
Specialist for
Forestry
Suppliers, Inc. located in Jackson, Mississippi. A direct-mail
supplier for natural resource professionals worldwide since 1949,
Forestry Suppliers' catalog features thousands of products for the
forestry,
environmental science,
surveying/engineering,
horticulture,
field gear, and
protective apparel & first aid equipment. In case you're thinking
about starting your own "burn tourism" business like
Jan Jantzen
or just looking to conduct a burn for management purposes, Berry is
going to suggest some products from Forestry Suppliers' catalog that will
help you do the "job" right and safely!
Recommended products:
Phone: 1-800-430-5566x716
Email:
berrys@forestry-suppliers.com
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Michelle Isenberg
(23:38) |
Herbicide Use Equals
Higher Financial Returns
Michelle Isenberg is a
Forestry Products Specialist and Associate Wildlife Biologist with
BASF
in Dadeville, Alabama. She has over ten years of experience working with the
forestry industry to help landowners gain more knowledge and information
about herbicides to improve results of timber and wildlife management.
As leader of last month's
AFOA Annual Meeting's
private forestry tour, she offered some suggestions which many felt
relevant to use on their own land. She is here to reiterate those talking
points from her tour such as timing, difference in herbicide treatments, and
the financial returns of using herbicides compared to conventional site
preparation.
Phone: (256) 825-0512
Email: isenbem@basf.com
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Dr. Jack Lutz
(27:52) |
"Heretical" Forest
Economist Busts an Investment Doctrine
Jack Lutz is a
forest economist and
editor
for the
Forest Research Group in Alton, Maine. He provides timberland
investment consulting and is an expert in forest economics. His article,
The Anti-Correlation Heresy, challenges the orthodoxy
which holds to the belief that there is a negative correlation
between most asset classes (such as stocks and bonds) and timberland. He
argues that, "...timberland is neither positively nor negatively
correlated with most other assets—it is simply not correlated at all."
In addition, "Timberland and stocks both move in response to economic
conditions." Of course, a diversified portfolio that includes stocks,
bonds, and timberland is still a good idea.
The Anti-Correlation Heresy - a
summary
- Correlation coefficients are widely used
in investment analysis.
- Sometimes the correlation coefficient is
misinterpreted.
- Timberland is not negatively correlated
with stocks (or most other asset classes).
- But timberland is not positively
correlated with stocks, either.
- Timberland is simply not correlated with
stocks.
- If you need an asset class that is always
negatively correlated with stocks, timberland is not it.
- If you need an asset class that is not
correlated with stocks, timberland may be it.
Phone: (207) 827-1019
Email:
jlutz@forestresearchgroup.com
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