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Forest values and the impact of the federal estate tax on family forestsAuthor(s): Brenton J. Dickinson; Brett J. Butler; Michael A. Kilgore; Paul Catanzaro; John Greene; Jaketon H. Hewes; David Kittredge; Mary Tyrrell
Source: In: Morin, Randall S.; Liknes, Greg C., comps. Moving from status to trends: Forest Inventory and Analysis (FIA) symposium 2012; 2012 December 4-6; Baltimore, MD. Gen. Tech. Rep. NRS-P-105. Newtown Square, PA: U.S. Department of Agriculture, Forest Service, Northern Research Station. [CD-ROM]: 20-25.
Publication Series: Paper (invited, offered, keynote)
Station: Northern Research Station
PDF: View PDF (339.7 KB)
DescriptionPrevious research has suggested that heirs to family forest land may sell timber and/or land in order to pay state and/or federal estate taxes, which could result in land use conversion or other adverse ecological impacts. We estimated the number of Minnesota family forest landowners and the associated acreage that could be subject to estate taxes at various exemption levels. Using 2011 Minnesota forest land sale transactional data we calculated the minimum acreage that would trigger the federal estate tax at different hypothetical tax exemption levels and estate compositions (percent of gross estate whose value is comprised of forest land). Using the U.S. Forest Service's National Woodland Owner Survey data for Minnesota and population mortality rates, we estimated the number of family forest ownerships and acres potentially affected under various scenarios.
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CitationDickinson, Brenton J.; Butler, Brett J.; Kilgore, Michael A.; Catanzaro, Paul; Greene, John; Hewes, Jaketon H.; Kittredge, David; Tyrrell, Mary. 2012. Forest values and the impact of the federal estate tax on family forests. In: Morin, Randall S.; Liknes, Greg C., comps. Moving from status to trends: Forest Inventory and Analysis (FIA) symposium 2012; 2012 December 4-6; Baltimore, MD. Gen. Tech. Rep. NRS-P-105. Newtown Square, PA: U.S. Department of Agriculture, Forest Service, Northern Research Station. [CD-ROM]: 20-25.
Keywordsstatistics, estimation, sampling, modeling, remote sensing, forest health, data integrity, environmental monitoring, cover estimation, international forest monitoring
- Family forest owners and federal taxes
- The Effects of the Federal Estate Tax on Nonindustrial Private Landowners
- Effect of taxes and financial incentives on family-owned forest land
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