This article, “When the Land’s Worth more than the Trees,” expounds on an issue dear to home and relevant to the GPU debate. From the article:
With timber prices flatlining and real estate values rising, many private forestland owners are shifting their gaze to building homes rather than growing trees. Landowners elsewhere in the country, under pressure to maximize returns, have looked to convert forests into subdivisions and resorts as trees become less valuable than the land they occupy.
The unprecedented change in land ownership raises concerns about the impact on wildlife and natural resources, as well as the increased costs of protecting residents from forest fires. Nationwide, about 1 million acres of forestland are lost to development every year. In the Pacific Northwest, it begs the question: What does the future for forestry look like in a region defined by it?
Much more through the link. Thanks to Healthy Humboldt for bring my attention to it.

5 comments
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March 25, 2010 at 6:52 am
Steak n Eggs
The weed is worth more than the trees, not the land.
If you have not already noticed, land values are plummenting, and will continue to do so as weed production and availability continues to increase.
Redwood is back around $800-$900/MBF. Redwood land is much less valuable than the trees growing on it.
The County’s GPU is looking at this whole thing in a bubble, which is ironic given its a long-term plan.
March 25, 2010 at 4:24 pm
Eric Kirk
Actually, I haven’t noticed a lot of plummeting over the past few months. But my info is all anecdotal.
March 28, 2010 at 6:07 pm
Anonymous
Prices have pretty much stayed the same but property isn’t selling. Maybe sellers need to lower the offering prices.
March 28, 2010 at 10:24 pm
Eric Kirk
They can’t unless they have the money to cover the mortgages, many of which are underwater.
March 29, 2010 at 8:57 pm
Anonymous
Steak “n Eggs I’m not sure I understand your comment. Are you saying that you can buy Redwood producing land at a bargain now? Give us some data.