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Is Timber the Highest and Best Economic Use of Vermont Forest Properties?

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The Vermont land boom of 1965-1973 saw buyers viewing forest properties as having a higher economic use than timber production. A series of developments after 1973 caused a shifting to the lower valued use of timber production. These included high interest rates, sky-rocketing property taxes, and Internal Revenue Service regulations that made depreciable real estate a far more attractive investment. This resulted in a large volume of Vermont timberland being on the market at reduced prices, producing capital losses for some earlier buyers, but creating investment opportunities today. North. J. Appl. For. 4:186-189, Dec. 1987.
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Document Type: Journal Article

Affiliations: Department of Forestry, University of Vermont, Bington, VT 05405

Publication date: 1987-12-01

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    Each regional journal of applied forestry focuses on research, practice, and techniques targeted to foresters and allied professionals in specific regions of the United States and Canada. The Northern Journal of Applied Forestry covers northeastern, midwestern, and boreal forests in the United States and Canada.
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