For generations the way most woodland owners have received a financial return on their investment has been through timber harvests. As we know, the harvests are generally infrequent, and are subject to market conditions at the time of the harvest. In the meantime, woodland owners have recurring expenses for taxes, insurance, maintenance, etc. This creates a significant mismatch in the timing of income and expenses. As indicated below, there are some new programs that should help deal with this timing mismatch.
Because of concerns over climate change there has been an increased interest in programs that will reduce the amount of carbon dioxide in the air, and the benefits of trees have become a focus of attention. Programs that provide financial incentives for woodland owners to manage their properties in an environmentally responsible manner will be discussed at the 2023 Kentucky Woodland Owners Association annual meeting in March. Included will be answers to questions like What will I have to do if I participate? and How much will I be Paid?
These programs are new and evolving and in all probability will be different next March from what they are today. If you have participated in any of the carbon credit programs, we would love to hear about your experience. You can share your reactions, by emailing firstname.lastname@example.org attention Jack Rentz.
We hope to see you at the 2023 annual meeting.
Jack Rentz, KWOA Secretary