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The value of the timberland investment at September 30, 2011, was $148,400,000, compared to $152,400,000 at June 30, 2011. The decrease was related to a general decrease in the value of wood products and depletion of $2,258,000, related to clear- cutting. |
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The total revenue from timber since July 1, 2011, was $2,714,061. That total amount includes more than $2.4 Million in clear-cut revenue and more than $300,000 in thinning revenue. |
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The original investment in the timberland was $132.2 Million. More than $129 Million in revenue from the timberland investment has been realized since the initial investment, while the timberland investment maintains a market value of $148.4 Million at September 30. With a 7.5% return over the last ten-year period, timber continues to be an excellent investment strategy for an endowment foundation. |
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The most recent timber sale in November, 2011, yielded a total of $1,018,201 or $1,295 per acre in revenue from timber sold. |
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Approximately 1,500 acres will be planted in December 2011. |
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The Foundation will plant second generation loblolly, containerized loblolly and a particular type of varietal seedling of CellFor trees that has proven to grow rapidly. The CellFor trees are projected to produce an exceptionally high growth rate, are resistant to disease, and have great stem straightness. CellFor trees are also projected to provide a 10-18% investment return to the landowner with harvesting at the end of 18-21 years, with one thinning. |
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Mobile, AL 36652-3148