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CAPITAL IDEAS -- LIVE!

January 2006 News Conference for Forest Owners Sponsored by Alabama Forest Owners' Association, Inc. Conference was recorded January 18, 2006.

CLICK HERE
to Listen to the
Conference.

This conference and all future conferences will be in the .mp3 format, which is compatible with Windows Media Player and most other media devices.

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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Mr. James N. Levitt

(00:28)

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
Email: james_levitt@harvard.edu

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Dr. William T. O'Hara

(06:32)

Extreme Family Legacies

William O'Hara is founder and executive director of Bryant College's Institute for Family Enterprise in Smithfield, Rhode Island. In his book, Centuries of Success: Lessons from the World's Most Enduring Family Businesses, he 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
Email: ife@bryant.edu

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Ms. Mary F. Fritz

(11:23)

“TIMBER!” What Women Need to Know

Mary Fritz is a Private Forestry Specialist with the Idaho 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 intimidating. Mary provides tips for making sound decisions and empowering women who know little or nothing about forest management.

Phone: (208) 476-4587
Email: mfritz@idl.state.id.us

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Dr. Thomas J. Straka

(14:40)

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
Email: tstraka@clemson.edu

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Ms. Amanda Wood

(17:55)

Planning & Planting Game Food Plots

Amanda Wood is a wildlife biologist and the owner of Woodlands & 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
Email: woodsandwildlife@bellsouth.net

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Dr. Jeffrey W. Stringer

(22:34)

Producing Fully Stocked, High Value Hardwood Stands

Jeffrey Stringer is a professor at the University of Kentucky's Department of 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 per acre.

Phone: (859) 257-5994
Email: stringer@uky.edu

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Mr. Troy Scott Parker

(25:52)

Trails and Trail Systems on Private Land

Troy Scott Parker is president of Natureshape 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 book, 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
Email: tsparker@natureshape.com 

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Mr. Henry I. Barclay, III

(28:26)

Timely Tax Tips

Henry Barclay 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 the IRS.

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
Email: henryb@lub.com

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