Skip to Main Content
U.S. Forest Service
Caring for the land and serving people

United States Department of Agriculture

Home > Search > Publication Information

  1. Share via EmailShare on FacebookShare on LinkedInShare on Twitter
    Dislike this pubLike this pub
    Author(s): John E. Hatcher; Thomas J. Straka; Richard Harper; Tim O. Adams
    Date: 2012
    Source: Open Journal of Forestry 2(4): 279-185
    Publication Series: Scientific Journal (JRNL)
    Station: Southern Research Station
    PDF: Download Publication  (340.44 KB)


    Beginning in the late 1970’s forest industry timberland gained the eye of financial investors. Diamond In-ternational and Crown Zellerbach were early firms that were purchased for the “break-up value” of their timberland. Timberland was perceived as undervalued by investors and made forest industry firms attrac-tive takeover targets. This started a process where forest industry divested of its timberland. Some firms formed separate entities for its timberland base. Acquisitions and mergers became popular in the industry. Some forest industry companies converted to real estate investment trusts, for tax and defensive reasons. Large institutional investors became interested in timberland as means to diversify their portfolios and in-crease financial performance. Timber management investment organizations developed to manage and procure timberland for these institutional investors. Today little of the forest industry timberland remains with vertically-integrated forest products companies. South Carolina’s forest industry timberland de-creased by about 800,000 ha since 1993 (or nearly 90%). This has implications for the state’s timber sup-ply. Forest industry timberlands were some of the most productive and intensively managed forests in the state. We address how forest management might change on this timberland and how long-term timber supply might be impacted in the state

    Publication Notes

    • You may send email to to request a hard copy of this publication.
    • (Please specify exactly which publication you are requesting and your mailing address.)
    • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.


    Hatcher, John E.,Jr.,; Straka, Thomas J.;; Harper, Richard, A.; Adams, Tim O. 2012. Shifting private timberland ownership in South Carolina: implications for management intensiy. Open Journal of Forestry. 2(4): 279–285. 7 p.


    Google Scholar


    Industrial timberland, timber investment management organization, real estate investment trust, timber supply, forestry investment

    Related Search

    XML: View XML
Show More
Show Fewer
Jump to Top of Page