|
SiMS 2003, a software tool developed by ForesTech International, LLC (www.forestech.us), allows the user to evaluate different management regimes for stands of Southern pines with and without cultural treatments such as herbaceous weed control, fertilization, thinning, and hardwood release. The software can be used for planning purposes on bare ground stands with minimal inputs such as base site index and planting density or on existing stands from which inventory data can be input and the stand projected into the future using different cultural treatments and management. The main purpose of this course is to insure that attendees become proficient in the use of SiMS 2003 and will be able to use the software to help in the development of timber management plans for timberlands throughout the Southern U.S.
Equipment Needed: All attendees must bring a Windows-based laptop computer with SiMS 2003 loaded on it. A 30-day demonstration version of the SiMS 2003 can be downloaded at www.forestech.us. If you can not download the software prior to coming to the course, a demonstration version of the software can be loaded on your machine the first morning of the course.
- Foresters who must make management decisions for clients. This software will allow the forester to evaluate the product yield and financial aspects of many different management regimes, ranging from very extensive/low cash input to very intensive/highly capitalized regimes.
- Landowners who are involved enough with the management of their lands to feel comfortable with the choices being evaluated.
- Real Estate Appraisers who must project volumes and values to appraise timber and timberland.
The fee for this course is $395.00, which includes lunch, refreshment breaks, and instructional materials. There is a $30 discount for fees paid by check or credit card and postmarked by January 31, 2006. Preregistration must be accompanied by check, purchase order, or credit card number to guarantee a place in the course. Limited seating is available.
Transfer Fee: The Georgia Center will charge a $50 processing fee for a second course transfer, if applicable.
- Learn how to use the SiMS 2003 growth and yield system to evaluate timber management regimes. All presentations use tables and charts and the software is Windows-based point-and-click.
- Learn how to evaluate different possible ways to manage your stands and focus on those treatments and timings that make big differences in product yield and value.
- Learn how to evaluate the effects of "saving money" by not spending on some cultural treatments. Learn how to evaluate the effects of "saving money" by not spending on some cultural treatments.
- Learn how SiMS 2003 can help you produce the most professional timber management plans you have ever considered.
Barry D. Shiver and Bruce E. Borders are professors of forest management at the University of Georgia Daniel B. Warnell School of Forest Resources. Barry and Bruce have both been involved in forest research aimed at quantifying the effects of different silvicultural practices on the growth and yield of Southern pines over the past 20 years. They have published their research work in more than 50 research papers that detail efficient management techniques. They developed the models and adjustments for silvicultural practices that SiMS uses to make predictions and projections and have been active in teaching short courses across the Southeast for the past 14 years.
- 11 Continuing Forestry Education (CFE) hours — Category 1
- 11 Continuing Logger Education (CLE) hours — Business Management
- 13 hours of Real Estate Appraiser credits approved; The Georgia Real Estate Commission Board accepts these hours.
Full Attendance Is Mandatory to Receive Credit.
If you are not satisfied with this course, we will refund your registration fee.
Third Course Free!
Attend two forestry courses in 2006 as a paid participant and get the third course (with equal or lower course fee) for free. Contact Nette Penn, at 706-542-6658 or Nette.Penn@georgiacenter.uga.edu, before you register for the third course.
Fourth Person Free!
Register three people from your organization and the fourth person is free. All registrants must be with the same program (same address and same budget), and the registration fees must be paid in advance by check or credit card.
|
Tuesday, February 21, 2006 |
| 8:00 a.m. |
Registration |
| 8:30 a.m. |
Review of Stand Level Decision-Making and Financial Terms
- Time Value of Money
- Compounding and Discounting
- Net Present Value (NPV)
- Internal Rate of Return (IRR), Bare Land Value (BLV), Annual Equivalent Value (AEV)
- Marginal Rate of Return
- Discount Rates
- Income Tax Considerations
Valuation of Bare Land Management Regimes
Valuation of Existing Stands
|
| 10:30 |
SiMS 2003 Overview and Exercises
The power and flexibility of the SiMS 2003 system |
| Noon |
Lunch (included in registration) |
| 1:00 p.m. |
SiMS 2003 Overview and Exercises (continued)
The power and utility of the SiMS 2003 software system |
| 5:00 |
Adjourn |
| 5:15 |
Professional Ethics in Forestry (optional) |
Wednesday, February 22, 2006 |
| 8:00 a.m. |
Using SiMS 2003 to Determine Financially Optimum Management Regimes
Defining and Evaluating Management Regimes for Newly Planted Stands
- Considerations of Planting Density, Site Preparation, Rotation Age, Herbaceous Weed Control, and Stumpage Price
- Defining and Evaluating Management Regimes for Existing Stands
- Considerations of Thinning Timing and Intensity, Release and Fertilization
|
| 10:30 |
Determining Optimum Rotation Age for Existing Stands
Using SiMS 2003 for Appraisals
- Income Approach
- Cost Approach
|
| 12:15 p.m. |
Adjourn |
This optional one-hour course focuses on case studies to illustrate the place of ethics in the practice of forestry. It meets the ethics requirement for registered foresters in Georgia.
This course is presented by the University of Georgia Center for Continuing Education Conference Center & Hotel, a unit of UGA's Office of the Vice President for Public Service and Outreach. For more information about the Georgia Center, visit www.georgiacenter.uga.edu.
Special Needs:
If you require special services, facilities, or dietary considerations, contact your event coordinator, Nette Penn at 706-542-6658 or Nette.Penn@georgiacenter.uga.edu prior to February 14, 2006.
Location and Lodging
This course will be held in Macon, Georgia. Directions will be included with your registration confirmation. A block of rooms is being held for your conference until 5:00 p.m. ET, January 31, 2006 at the Crowne Plaza Hotel located at 108 First Street in Macon. Check-in time is 11:00 a.m.; checkout is 4:00 p.m. For more information, call 478-746-1461 or visit www.crowneplaza.com.
Visit the Macon-Bibb County Convention & Visitors Bureau Web site for a list of other hotels — www.maconga.org. Choose hotels in the I-75 area for convenient access to the hotel.
Course Registration
Lunch, instructional materials, and refreshment breaks are included in your registration fee. For your convenience, please use our online registration at www.georgiacenter.uga.edu/conferences/forestry. Prepayment is required to be registered.
Program Cancellation Policies
(1) We will gladly issue full refunds for cancellations made by 5:00 p.m. ET, February 10, 2006. No refunds will be issued thereafter. Substitutions will be allowed. (2) If a program is cancelled for any reason, the Georgia Center will not be responsible for any cancellation changes/charges assessed by airlines or travel agencies. (3) If for unforeseen and unavoidable circumstances an instructor is unable to attend, the Georgia Center reserves the right to substitute a comparable instructor.
|
