Financial Implications of Selling Public Forestlands in Itasca County, Minnesota

Authors: Mackay, Donald G.; Ellefson, Paul V.

Source: Northern Journal of Applied Forestry, Volume 16, Number 1, 1 March 1999 , pp. 36-42(7)

Publisher: Society of American Foresters

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Abstract:

Responding to budgetary pressure, elected officials in Minnesota's Itasca County sought analysis of the financial consequences of selling all or part of the County's more than 250,000 ac of forestland to private owners. Revenues to the County from forestland were assessed through examining the private market for forestland and potential property tax revenues. Also, revenue to the County under County management was reviewed. The net present value of timber to be sold by the County and state in-lieu-of-tax payments to the County were estimated. Further, legal and institutional limits on the sale of public land were evaluated, and citizen input was gathered through a questionnaire and meetings with groups and organizations. The analysis concluded that under a variety of conditions, it is financially advantageous for the County to retain many public tracts, as long as the County continues to sell timber from them. North. J. Appl. For. 16(1):36-42.

Document Type: Journal Article

Affiliations: Department of Forest Resources, 1530 Cleveland Avenue North, University of Minnesota, St. Paul, MN 55108-1027

Publication date: March 1, 1999

More about this publication?
  • 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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