July 14, 2021 Audio

Episode Details

image

Moderator

Starting Time: 00:00

Hayes D. Brown, attorney and forest owner, will moderate this news conference. Hayes’ email address is hbrown@hayesbrown.com.

image

Gift Tax 101

Starting Time: 00:47

Dr. Robert Tufts  is an Attorney and Professor Emeritus in the School of Forestry and Wildlife Sciences at Auburn University. Tax laws surrounding taxable transfers are typically difficult to understand and frequently are changing with each new administration. Believe it or not, taxes aren’t always owed on money or property given as gifts. Dr. Tufts will speak with us on the details of the gift tax and transfers that are actually exempt from the gift tax.

Suggested Reading:

Deloach, Barber & Caspers, P.C. June 2021 NewsletterTips to Help You Figure Out if Your Gift is Taxable

Contact Information:

Dr. Robert Tufts

Phone: 334-740-4744

Email: tuftsra@icloud.com

image

Financial Relief and the Hurricane Michael Block Grant Program

Starting Time: 06:22

Hunter Moncrief is the Landowner Assistance Coordinator with the Alabama Forestry Commission. Numerous land owners were significantly impacted in southeast Alabama by Hurricane Michael in October 2018 and the Lee County tornadoes in March 2019. Financial relief is available to these land owners via the Hurricane Michael Block Gran Program, which is administered by the Alabama Forestry Commission and made possible through an agreement with the USDA Farm Service Agency. The program was designed to provide $10 million in financial relief to qualifying non-industrial private forest landowners. Hunter will share information about who exactly is eligible for the relief and how they can apply.

Suggested Reading:

AFC Hurricane Michael Webpage

Contact Information:

Hunter Moncrief

Phone: 334-650-2478

Email: hunter.moncrief@forestry.alabama.gov

image

Critical Minerals in Alabama

Starting Time: 09:39

Dane VanDervoort  is a Geologist with the Geologic Investigations Program at the Geological Survey of Alabama. A somewhat new topic for the state of Alabama is graphite mining. With a new $80 million graphite plant coming to Alexander City and more focus being put on mining for this natural resource, forest owners in Alabama’s graphite belt will want to learn all they can about graphite, as well as the other 18 different critical minerals found in Alabama. Dane will share information about what land owners need to do in order to identify what critical minerals may be found on their properties.

Suggested Reading:

Contact Information:

Dane VanDervoort

Phone: 205-247-3627

Email: dvandervoort@gsa.state.al.us

image

The Truth About Wood Pellets

Starting Time: 13:56

Larry Sullivan is the Bioenergy and Biochemical Sector Sales Manager at Forest2Market, as well as a part-time Adjunct Professor at The Citadel. Recently, as more European countries are trying to expand their energy portfolios to include more bioenergy production with the use of wood pellets, major news outlets have been going after the wood pellet industry with inaccurate reports of how the industry is destroying forests and harming the environment. These reports are loaded with false information. As Larry notes in a recent Forest2Market blog post, these pieces “do not provide a full-spectrum view of the forest supply chain or the environmental benefits of sustainably managed forest resources.” To help quell the misinformation, Larry will talk with us about the real benefits the wood pellet industry provides.

Suggested Reading:

New Markets for Wood Products Help Preserve Forests for Future GenerationsForest2Market Blog, 6/21/21