Weyerhaeuser sold lease out to Green Diamond

[BNB]

Yep was Brown timber then Plum creek then Weyerhaeuser bought them and all they care about is the all mighty dolla. Glad I don’t hunt anymore one less headache

 

[Don231s]

It's all about the property taxes.

Mine are 5x higher than when I moved in 15 years ago. 5X!

Timber companies can't remain profitable with that kind of tax structure.

Timberland isn't taxed like a home or small farm. It's usually designated agriculture, conservation, etc., and assessed at a considerably lower rate. Companies are doing fine, too. International Paper's earnings were up for the first three quarters this year compared to 2016.

 

[gh1950]

Timber Companies don't pay taxes the timber until it's cut. Lease fees are more than the taxes on the dirt.

Taxes aren't the reason they are selling out.



Remember Weyerhauser sold out once before.






































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