North Carolina has more than 18 million acres of forestland and more than 8 million acres of farmland. Most is owned by private landowners. Forestry and agriculture contributes approximately $75 billion to our economy. The importance of the management, preservation, and succession of these resource cannot be overestimated.
While many investors include real estate as part of their portfolio, owning rural land is very different from owning a shopping center or shares in a real estate investment trust. Rural landowners face unique challenges and opportunities because they own an asset that is unlike any other.
For many of our clients, land and timber are their large asset. Markets, continuity of managements, taxes, and family interest in the land asset are all important factors in developing long-term plans. Estate plans should be tailored to meet these needs.
I am a N.C. Registered Forester and a Certified Forester. I am also a member of the Society of American Foresters, the Association of Consulting Foresters, and the American Agricultural Law Association. I have written about these issues for more than two decades, and have presented at numerous state, regional and national conference on various issues affecting forest landowners. I write about planning issues at www.planpreserveprotect.com.