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Making Money Growing Southern Pines

About the Course
Making money growing trees is not about quickly flipping land and timber. It is primarily about making money through biological tree growth. This course will discuss buying land and planting trees, planting trees on land already owned, buying premerchantable trees and growing them to maturity, and buying already merchantable trees and growing them forward. At every stage, we will discuss silvicultural and management options available and the expected profitability of those investments. Thus, the emphasis is on biological growth of stands under different management scenarios and the financial returns from the decisions made at various points in the life of stands.

Purpose
The purpose of this course is to evaluate timberland as an investment at different points in the life of forest stands. This course will discuss buying at different prices, management options at points in time, and the expected return on investment given different product stumpage prices. The forester or landowner attending this course should leave with a good feel for the potential profitability from buying and managing stands at different stages of their development and for the trade-offs that exist for many situations.

Who Should Attend?
Foresters who make management decisions for clients who have primarily an investment rate of return objective, though opportunity cost of other objectives such as wildlife and aesthetics will be evaluated and discussed. The instructors will emphasize the interaction of different management decisions, including species, timings, and levels of management intensity, and the effects of those interactions on final product yields and values. Landowners who want to obtain information on what is possible on their properties and estimates of reasonable rates of return for different management options. This course should also help landowners interact with professional foresters who are managing their timberland. Realtors who are involved in the valuation of rural land and timber should also attend.

Registration Fee
The fee for this course is $445, which includes lunch, refreshment breaks, and instructional materials. There is a $50 discount for fees paid by check or credit card prior to November 21, 2007. Preregistration must be accompanied by a check, purchase order, or credit card number to guarantee a place in the course. Limited seating is available.

benefits

  1. Learn how to evaluate the plantation vs. natural stand decision and how to make natural stands develop more like plantations.
  2. Learn how to estimate the return on investment from capital spent on "better" seedlings.
  3. Learn how to evaluate the trade-off between raking pinestraw and thinning for different species
  4. Learn how to evaluate the many different spacing and thinning options available to pick the one that gives the best rate of return for your markets.
  5. Learn how to evaluate the effects of higher land prices on the potential rate of return for timberland purchases and which level of stand development presents the best return for lower vs. higher land prices.
  6. Learn when to convert the current stand to a new stand.

Instructors
Barry Shiver and Bruce Borders have been teaching continuing education short courses across the South since 1989 on a variety of topics related to their instructional and research at the Warnell School of Forestry and Natural Resources of the University of Georgia. Barry recently retired (after 30 years of service) from the University, where as a professor he taught classes in timber management, inventory, silviculture, and mensuration. He was also the director of UGA's Plantation Management Research Cooperative (PMRC) for 10 years. Bruce is a professor at the School and has actively conducted research with the PMRC his entire career. The research objectives of both instructors have included finding solutions for timberland investors. Courses taught by Barry and Bruce are popular! They deliver outstanding technical content in an understandable and enthusiastic manner.

Continuing Education Credits

  • 11 hours CFE (Continuing Forestry Education) — Category 1
  • 11 hours CLE (Continuing Logger Education) — Environment
  • 13 Georgia Real Estate Appraisers Board credits have been approved — also accepted by the Georgia Real Estate Commission

Full Attendance Is Mandatory to Receive Credit.

Satisfaction Guaranteed!

If you are not satisfied with this course, we will refund your registration fee.

Third Course Free!

Attend two forestry courses in 2007 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.

Agenda

Thursday, December 13, 2007

8:00 a.m.

Registration

8:30

Introduction and Course Overview

8:45

Timberland as an Investment — Biological Growth

  • In Volume/Weight Over Time
  • In Product Growth Over Time
  • In Value Growth Over Time

10:00

Break

10:15

Timberland as an Investment — Financial Concepts for Decision-Making

  • Time Value of Money
  • Income Tax Effects
  • Marginal Analysis for Existing Stands
  • Growing Pretty Trees vs. Making Money

11:30

Making Money Starting with Stand Regeneration
Species Choice Decisions

  • Influence of Soils, Markets, Investment Capital, Secondary Products

Noon

Lunch

1:00 p.m.

Paying More for Better Seedlings — Should You?
Effects of

  • Genetic Improvement, Low-Density Seedlings, Container Seedlings

2:00

Planting Density Decisions

  • Wood Quality vs. Early Production

3:00

Break

3:15

Site Preparation Choices

  • Mechanical — Reasons to Spend the Money
  • Chemical — Effect On Carrying Capacity
  • The No-Site Prep Option

4:15

Herbaceous Weed Control

  • Spend This Money to Make Money?
  • Stocking Insurance
  • Interaction with Other Management Objectives

5:00

Adjourn

5:15 p.m.

Professional Ethics in Forestry (optional)
This 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.



Friday, December 14, 2007

8:00 a.m.

Making Money with Premerchantable Stands

  • Natural Regeneration with Density Control vs. Plantation Forestry
  • Evaluating Pre-Commercial Thinning (PCT) in Plantations
  • Hardwood Release — Spending Money to Make Money
    How Consistent Are the Returns?
    Why Is It So Worthwhile?
  • Young Stand Fertilization — Why and Where?
  • Expected Cash Flows and Rates of Return Ffom
  • Investing In and Managing Premerchantable Stands

10:00

Break

10:15

Making Money Buying and Managing Merchantable Stands Thinning Decisions

  • Age of First Thin, How Many Thins, Interval Between Thins, Thinning Intensities

Effects of Markets

  • Effect on Profitability from Extending the Rotation
  • Effect on Profitability from Managing at Low Basal Areas for Wildlife
  • Woody Release and Fertilization in Merchantable Stands
  • Thinning and Release
  • Thinning and Fertilization
  • Thinning and Release and Fertilization

Noon

Adjourn



Professional Ethics in Forestry
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.

Now Available Online! Forestry Ethics Online Course

Now you can complete the one-hour Forestry Ethics Online Course from the comfort of your home or office. Register today for this self-paced, self-study program and earn CFE credit! Go here for more details: www.georgiacenter.uga.edu/is/forestry

Georgia Center Information
This course is cosponsored by the University of Georgia Warnell School of Forestry and Natural Resources and the Georgia Center for Continuing Education Conference Center & Hotel, which is located on the beautiful, historic campus of the University of Georgia in Athens, Georgia. As a unit of UGA's Office of the Vice President for Public Service and Outreach, the Georgia Center brings the University's teaching, research, and service expertise to the people of Georgia and beyond! For more information, 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 November 27, 2007.

Lodging (Georgia Center Hotel):
A block of rooms is being held for your conference until 5:00 p.m. ET, November 19, 2007. Policies: (1) Tax Exemption — The State of Georgia only allows tax-exempt charges for a payment by a state-issued credit card or check or by a direct bill to a state agency (with a Georgia State Tax Exemption Certificate). (2) Lodging Cancellation — Cancel your reservation by 4:00 p.m. ET the day prior to your scheduled arrival to avoid being charged one night's room and tax. (3) At check-in, you must present your credit card or a completed credit card authorization form (for a copy, call 800-884-1381, Mon.-Fri., 8:00 a.m. to 5:00 p.m. ET). Note: The Georgia Center is a smoke-free building; all lodging rooms are nonsmoking.

Travel Information:
Athens, Georgia, is located about 60 miles northeast of Atlanta. For directions, see www.georgiacenter.uga.edu/conferences/about/directions.phtml. A parking deck is located adjacent to the Center (hourly rates, maximum $8 each 24-hour period; vehicle height limit, 7 feet). Athens is served by two airports. Athens-Ben Epps Airport offers connecting flights to and from Charlotte, NC. Hartsfield-Jackson Atlanta International Airport is located about 90 minutes southwest of Athens, with scheduled ground shuttle service and rental car service available between the airport and the Georgia Center.

Program Cancellation Policies:
(1) Full refunds are available for cancellations made by 5:00 p.m. ET, November 26, 2007. No refunds will be issued thereafter; substitutions will be allowed. (2) If a course is cancelled for any reason, the Georgia Center will not be responsible for any charges related to travel. (3) If for unforeseen and unavoidable circumstances an instructor is unable to attend, the Georgia Center reserves the right to substitute a comparable instructor.

Registration

You have several registration options:

1. Register for this event onlineand request a room at the Georgia Center.

Register for the event online without requesting a hotel room.

A major credit card is required for on-line registration.


2. Call either 1-800-884-1381 or (706) 542-2134 to register by telephone. Please mention you saw this web page.


3. Download a registration form and FAX it to the number on the form or mail it to the address below. You need a copy of the free Adobe Acrobat Reader to view and print this application form.


4. Mail the form to:
Making Money Growing Southern Pines (#62769)
Attn: Conference Registration, Room 129
Georgia Center for Continuing Education
Conference Center & Hotel
The University of Georgia
Athens, GA 30602-3603


Payment of Fees
The Georgia Center for Continuing Education accepts payments for registration by cash (on-site), check (payable to the University of Georgia), and credit card (Visa, Mastercard, American Express, and Discover).


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