Forestland investment has surged in the past few decades as a result of land ownership change in the forestry industry. Timberland investment and management organizations and real estate investment trusts have bought up land and resources that were divested by vertically integrated forest products companies. This book provides a seminal coverage of this seismic shift in the industry, exploring the philosophy, driving factors, valuation, theory, research, implementation, practice, and effects of forestland investment. Across 15 chapters the book reviews the history of forestland investment; discusses the optimal forest rotation; explains timberland appraisal; examines the return drivers of forestland; analyzes timberland index construction methods and results; prices timberland assets; reviews financial and real options; investigates real option values in forestland management; evaluates timber harvest contracts; examines new opportunities in the emerging woody bioenergy market; and eventually offers prospects on forestland investment in the future. It also discusses how forest carbon can be used as a nature-based climate solution. This book is essential reading for forestry business students and scholars, as well as practitioners and policymakers in the industry.
Merriam Press World War 2 History Series. A History of the 316th Troop Carrier Group, 1942-1945. Complete history utilizing the author's personal recollections and those of his comrades along with extensive archival research. Encompasses Headquarters, 36th, 37th, 44th and 45th Squadrons, the Group was part of the 52nd Troop Carrier Wing, Ninth Air Force, participating in the airborne/glider operations in Sicily, Italy, Normandy, Holland and Germany. 91 photos, 30 maps, 13 appendices, 428 footnotes, bibliography, index.
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