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| Timberland Management | |||
| The key element in Forest Investment Associates’ asset management process is adding value through intensive, hands-on management. FIA foresters spend extensive time in the field reviewing properties and making decisions about management practices. Sophisticated analytical tools are used in asset management decision-making. Computer-based growth and yield models are used to analyze the timber’s economic maturity and to develop long-term harvest schedules for the portfolio. Harvest schedules are designed to |
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| optimize returns and meet other portfolio objectives such as cash flow. They provide a long-term estimate of cash flows and portfolio values, and serve as guides for the timber sale portion of operating plans. Timber sale timing is continually reassessed as market conditions change. FIA foresters monitor local stumpage markets closely in order to time sales for maximum income. Astute timber sale decision-making is one of FIA’s most important services, since income from asset sales is a large component of portfolio return. | |||
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FIA implements operating plans by combining FIA forestry staff with local forestry consultants as needed for field services. Forest Investment Associates' foresters serve as decision-makers, supervisors and coordinators, working closely with local consultants on field work. FIA’s investment management perspective and expertise, combined with consultants’ daily contact with local markets and conditions, bring an effective and efficient set of skills to client portfolios. An important part of FIA’s intensive management strategy is boosting returns by maximizing non-timber income. For example, almost 100% of FIA-managed land is leased for hunting, to recognize the value of lease income as well as the "custodial" benefit of local lessees. FIA foresters continually look for additional sources of non-timber income such as pine straw sales and stump sales. |
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