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Hunt Forest Products and Tolko join forces on $240 million Louisiana sawmill

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The joint venture will be the companies second one in Louisiana. Tolko Industries and Hunt Forest Products are also partners in LaSalle Lumber Co. (pictured). Photo: LaSalleLumber.com
BATON ROUGE, La. Hunt Forest Products and Tolko Industries have announced plans to develop a $240 million sawmill in Bienville Parish. The joint venture, their second in Louisiana, is projected to create 130 new direct jobs and 387 indirect jobs in Louisiana s Northwest Region, including approximately 300 construction jobs.
The news was announced July 26 by Louisiana Gov. John Bel Edwards, Hunt Forest Products co-owner James D. Hunt and Tolko President and CEO Brad Thorlakson. Construction on the new facility is expected to start in early 2022, with commercial operations starting in early 2023. The facility will be located on approximately 225 acres in Bienville Parish, near the community of Taylor, Louisiana. ....

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Why stepped-up basis is important for maintaining family forests

Following the death of the owner, stepped-up basis allows for forestland and timber to be valued at current market value, with that value being the new owner’s basis in them. The new owner will calculate any future capital gain using that stepped-up basis. Plus, no capital gains tax is due on the unrealized capital gain that would have resulted from the transfer. For example, if the original owner paid $500,000 for forestland in the past, and at the time of his or her death its value was $2,000,000, then the unrealized capital gain would have been $1,500,000, with the estate owing 20 percent of that, or $300,000 in taxes. ....

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2021 ANR Award recipients honored during ANR month

2021 ANR Award recipients honored during ANR month
msu.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msu.edu Daily Mail and Mail on Sunday newspapers.

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Helena area couple recognized for stewardship of private forest land

Helena area couple recognized for stewardship of private forest land
John Riley MTN News
and last updated 2021-01-19 11:26:08-05
HELENA â A Helena area couple, Pat and Judy McKelvey were recently recognized for their work in being good stewards of private forest land. The two were named the
âIt was a wonderful surprise, and it felt like the hard work weâve put in was worth the time and effort,â said Judy.
When people hear the term tree farmers, images of Christmas trees or maybe even large timber operations may come to mind. For the McKelveys, and hundreds of landowners like them across the state, itâs about managing their property for a healthy forest. ....

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Montana couple recognized for stewardship of private forest land

Montana couple recognized for stewardship of private forest land
By:
John Riley
and last updated 2021-01-19 11:30:23-05
HELENA â A Helena area couple were recently recognized for their work in being good stewards of private forest land.
Pat and Judy McKelvey were named the
âIt was a wonderful surprise, and it felt like the hard work weâve put in was worth the time and effort,â said Judy.
When people hear the term tree farmers, images of Christmas trees or maybe even large timber operations may come to mind. For the McKelveys and hundreds of landowners like them across the state, itâs about managing their property for a healthy forest. ....

United States , Judy Mckelvey , Tree Farm System , John Riley , Montana Tree Farm , American Tree Farm System , ஒன்றுபட்டது மாநிலங்களில் , ஜூடி ம்க்கெல்வேய் , மரம் பண்ணை அமைப்பு , ஜான் ரைலி , மஂட்யாந மரம் பண்ணை , அமெரிக்கன் மரம் பண்ணை அமைப்பு ,