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Foresters, realtors, and landowners managing existing pine stands must make decisions every year that impact their investment returns for those stands. In most cases they must decide whether or not to spend money on a particular treatment based on their markets and on the expected response to the treatment. This course is intended to focus on those decisions and on how to estimate the expected responses, costs, and markets, and therefore the expected returns, so decisions made will be good ones. The course will also evaluate the trade-offs that invariably result from trying to simultaneously manage pine stands for investment returns from traditional products and from other sources of income such as pine straw, wildlife leases, and carbon credits.

• Learn how price fluctuations from common treatments such as fertilization and release impact best timing for those treatments and investment returns.
• Learn how the biological response of pine stands to different treatments are similar and different and how to use those differences to properly time treatments to increase investment returns.
• Learn how to use fire, particularly in combination with herbicides, to increase investment returns and simultaneously benefit wildlife management returns.
• Learn how responses to different treatments vary across the DBH distribution and what this means for investment returns.
• Learn how density interacts with cultural treatments to drive stand value development and investment returns.

Foresters managing timberland, realtors, or investors who own timberland and who want a thorough understanding of the cultural treatments available to them for existing stands along with the expected returns if they invest in those treatments. Attendees will leave with a good understanding of how stand value development can be accelerated or decelerated depending on decisions made throughout the life of the stand. Realtors who buy or sell timberland or who appraise timber will find the course useful.

Bruce E. Borders and Barry D. Shiver have been teaching continuing education short courses across the South since 1989. Barry is now Professor Emeritus of forest management at the Warnell School of Forestry and Natural Resources of the University of Georgia. He is currently a partner in ForesTech International, a forestry consulting company and the developer of the SiMS_2006 management decision-making software. Bruce is a professor at the Warnell School, where he teaches courses in timber management, inventory, and modeling. He is also a partner in ForesTech International. Both professors have had active research programs aimed at determining more efficient methods of growing Southern pines and modeling those silvicultural effects. Courses taught by Barry and Bruce are always popular! They deliver outstanding technical content in an understandable and enthusiastic manner.

The fee for this course is $445, which includes lunch, refreshment breaks, and instructional materials. There is an $80 discount for fees paid by check or credit card and postmarked by July 1, 2008. Pre-registration must be accompanied by check, purchase order, or credit card number to guarantee a place in the course. Limited seating is available.

• 12 Continuing Forestry Education (CFE) hours — Category 1
• 12 Continuing Logger Education (CLE) hours — Business Management
• 14 Georgia Real Estate Appraisers Board credits will be applied for; also accepted by the Georgia Real Estate Commission, if approved

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 2008 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 e-mail her at 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.

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

The Georgia Center for Continuing Education Conference Center & Hotel, located on the beautiful, historic campus of the University of Georgia in Athens, Georgia, provides outstanding educational programs and services for lifelong learners. A total living and learning environment, the Georgia Center includes a 200-room hotel, restaurants, banquet areas, conference rooms, auditoriums, a fitness center, and a computer lab — all under one roof. As a unit of UGA's Office of the Vice President for Public Service and Outreach, the 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 July 15, 2008.

Lodging (Georgia Center Hotel):
A block of rooms is being held for your conference until 5:00 p.m. ET, June 30. 2008. 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, July 11, 2008. 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.