With timber prices at historic lows, tax bills to be paid and the real estate market languishing, many owners of forest land are having a hard time making their woodlands pay their own way. The decisions involved can be anguishing, especially for those whose families have owned their land for several generations.
On January 14, 2012, a team of industry and academic experts will outline a businesslike approach to managing family forest lands that can help landowners save money and perhaps find new sources of income from their woodlots.
The workshop, titled “Forest Finance 2012,” will be held from 8:30 a.m. to 4 p.m. at the Great Escape Lodge on Route 9 in Lake George. However, preregistration is required in order to attend.
Topics to be discussed will include income and property tax strategies, estate planning, business and bookkeeping practices for woodland owners, and forest management systems. Speakers will include Eric Carlson, president of Empire State Forest Products Association, Dr. Steven Bick of Northeast Forests, LLC, and author, and Dr. Shorna Broussard Allred of Cornell University.
The session is sponsored by Cornell Cooperative Extensions, Warren County, The New York Forest Owners Association – Southern Adirondack chapter, the Forest Stewardship Program of Protect the Adirondacks!, and New York Tree Farm.
The registration charge is $25 for this all-day session on Saturday, January 14, 2012 – including lunch. Preregistration is required by calling Cornell Cooperative Extension at 518-623-3291 or 518-668-4881 or email: firstname.lastname@example.org.