NWOA posted this article from The Connecticut Mirror: ctmirror.org/2021/05/01/some-worry-wind-and-solar-will-gobble-up-forests-and-farms/
If you have been remodeling you already know the price of lumber has skyrocketed. KWOA continues to watch for more news, especially from the perspective of the woodland owner and the overall impact on sustainable woodland management practices. Two articles that look at the impact of climate change and the prognosis for sawmills:
Wildlands News: Bernheim Arboretum and Research Forest, Office of Kentucky Nature Preserves, and Kentucky Natural Lands Trust now have a new tool to help landowners protect their wildlands – a $6.8 million grant from the United States Department of Agriculture-Natural Resource Conservation Service (USDA-NRCS). The grant is provided through the Regional Conservation Partnership Program (RCPP) and will help Kentucky landowners use conservation easements to protect forests and connect wildlands corridors. The Greater Bernheim RCPP Project also includes support for outreach and education activities for conservation, water, and land stewardship.
AGENCY: Forest Service, USDA.
While there are many reasons to enjoy woodland ownership, paying taxes on your property and the income you derive from them certainly aren’t among them. Making sure that you take every tax break to which you’re entitled can make the process slightly less painful.
In this article we’ve included several possibilities for tax savings. While most are focused on federal taxes, your state may also have some tax deductions and programs that could reduce your tax bill. In either case, remember that tax laws are complex. It’s always a good idea to discuss your specific tax situation with your accountant, your lawyer, or your tax professional.
*This post was written by Mary Lou Jay, a regular contributor to WoodsCamp blog and AFF's WoodLand Magazine.
Bugs (cicadas), bugs (EAB) and more bugs (tent caterpillar) arriving in Kentucky Late April/Early May
TheU.S. Department of Agriculture is requesting public input on a climate-smart agriculture and forestry strategy. The Notice represents an important step toward implementing President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad. The Order, signed January 27, states that, “America’s farmers, ranchers, and forest landowners have an important role to play in combating the climate crisis and reducing greenhouse gas emissions, by sequestering carbon in soils, grasses, trees, and other vegetation and sourcing sustainable bioproducts and fuels.”
“USDA is committed to addressing climate change through actions that are farmer, rancher, and forest landowner-focused and that create new market opportunities for the sector in a fair and equitable way,” said Vilsack. “We want your ideas on how to position the agriculture and forestry sectors to be leaders on climate smart practices to mitigate climate change. This includes making the most of USDA programs, developing new USDA-led climate strategies, strengthening existing markets and developing new markets that generate income.”
The Notice seeks information on four topics: climate-smart agriculture and forestry; biofuels, bioproducts, and renewable energy; catastrophic wildfire; and meeting the needs of disadvantaged communities through USDA’s climate strategy.
The Notice will be available for public input until April 30th, and is available online through the Federal Register.
KWOA encourages members of the Kentucky Woodland Community to contact their legislators in support of HJR 60, a joint resolution that would direct the Department of Revenue and the University of Kentucky's Forestry and Natural Resources Department to recommend equitable property tax assessment procedures for well-managed forests. Official wording for HJFR 60 is shown below. This resolution reflects the ongoing work of KWOA to advance the sustainability and fair tax treatment of private non-commercial forests. Full wording of HJR 60 is shown below posted on 2/11/2021. Also see the 1/28/21 posting for history and background regarding the resolution.
Please consider taking action now by calling the toll-free message line is 1-800-372-7181, to leave a messages for a legislators as follows:
You can track action on HJR 60 here: https://apps.legislature.ky.gov/record/21rs/hjr60.html
Official Wording for Proposed House Joint Resolution HJR 60
A JOINT RESOLUTION directing the Department of Revenue and the University of Kentucky's Forestry and Natural Resources Department to recommend equitable property tax assessment procedures for well-managed forests.
WHEREAS, well-managed, family-owned, non-industrial forests are central to providing the raw material that fuels the $13 billion in economic contributions from the forest industry sector annually, and
WHEREAS, incentivizing family forest owners, who own the majority of the forestlands in Kentucky, to conduct sound forest practices wiell help sustain the socio-economic benefits that forest resources provide to Kentucky; and
WHEREAS, pursuant to House Concurrent Resolution 13 of the 2002 Regular Session of the General Assembly, the Legislative Research Commission issued Research Report No. 307, which identified tax and related policies that had the effect of incentivizing or disincentivizing good forest management practices in the Commonwealth; and
WHEREAS, the examination of property tax issues impacting forest management practices in Research Report No. 307 produced conflicting views on how to equitably and constitutionally assess property taxes on well-managed forestlands; and
WHEREAS, this lack of agreement and failure to act upon the report's most important findings resulted in continued poor forest management of many forestlands in the Commonwealth and the potential unconstitutional taxation of forestland where sound forest management practices were being implemented; and
WHEREAS, significant developments have occurred since the issuance of Research Report No. 307 that would be helpful in finding the best policies for improving the productivity of Kentucky's forests, including the availability of a nationally-recognized standard that could be used by property valuation administrators to define well-managed forests;
NOW, THEREFORE, Be it resolved by the General Assembly of the Commonwealth of Kentucky:
Section 11. The Department of Revenue and the University of Kentucky's Forestry and Natural Resources Department shall coordinate together to submit a report to the Legislative Research Commission no later than December 1, 2021, detailing their recommendations for establishing property tax assessment procedures for well-managed forests that ensure equitable taxation of these lands and encourage sound forest management practices that will promote the sustainability of Kentucky’s forests and maximize the socio-economic benefits derived from them.