Forisk has acquired the Wood Demand Research Program from the Harley Langdale, Jr. Center for Forest Business. Find the full release attached below.
Category Archives: CFB Blog
Assessment, Outlook, and Implications of Wood Pellet Markets
Andrew Mathis, a soon-to-be MFR Forest Business graduate, recently completed a study on Wood Pellet Markets titled, “Assessment and Outlook for Global Industrial Wood Pellet Markets and the Implications of Evolving Subsidy Schemes for Commercial Southern Yellow Pine Forestry in the US South.” Andrew has previously worked two summers as a Procurement and Sustainability Forester Intern at Georgia Biomass, LLC and recently accepted a Procurement Forester position at Georgia Pacific, LLC. To read Andrew’s full report please see attachment below.
Where will Forest Business Students be for Summer of 2018?
May 2018 Graduates:
Company, Position, Location
International Paper, Fiber Supply Associate, Georgetown, SC
Hancock Natural Resource Group, Natural Resource Economist, Boston, MA
Georgia-Pacific, Piedmont Region Analyst, Warm Springs, GA
Domain Capital Group, LLC, Portfolio Analyst Intern, Atlanta, GA
Returning Students (Internships):
Company, Position, Location
Georgia-Pacific, Procurement Forester Intern, Madison/Warrenton, GA
Georgia Biomass, LLC, Sustainability and Procurement Inter, Waycross, GA
Georgia-Pacific, Fiber Procurement Intern, Cedar Springs, GA
BTG Pactual, Timberland Investment Intern, Atlanta, GA
International Paper, Fiber Supply Intern, Augusta, GA
Rayonier, Land Asset Management Intern, Yulee, FL
Hubbard Family Office, Principal, Marietta, GA
Molpus Woodlands Group, Summer Analyst, Jackson, MS
Domain Capital Group, LLC, Portfolio Analyst Intern, Atlanta, GA
CFB Students’ Team Wins ACG Valuation Competition
Two Langdale Center for Forest Business students, as well as their teammates from the UGA School of Law and the UGA MBA program took home the first place prize in the annual Association for Corporate Growth ACG Cup competition on March 30th, 2018. Held annually in Atlanta, this year’s competition pitted teams from UGA against each other in a real-world case study competition as part of the Valuation course in the Terry College of Business, taught by the Center for Forest Business’s own, Dr. Richard Bin Mei. Each team receives information regarding the financials and potential courses of action for a fictitious firm that is exploring strategic alternatives. Teams are tasked with evaluating the value of each potential alternative using a series of valuation methods, including Comparable Companies Analysis (CCA), Precedent Transaction Analysis (PTA), Discounted Cash Flow analysis (DCF), and Leveraged Buyout analysis (LBO). Each team then makes a presentation to a mock board of directors and gives their recommendations for the firm, as well as any potential alternatives the board should explore. The mock board serves as the judges for the competition, and is composed of professionals from investment banking, private equity, and corporate finance roles.
Pictured from left to right: Wengxing Tang (UGA MBA), Carli Gish, (UGA Law), Alexander Barfield (Langdale CFB), Bradley Carr (Langdale CFB)
Renewable Energy and Bioeconomy with Dr. Siry
Dr. Jacek Siry, professor from the Harley Langdale, Jr. Center for Forest Business, was recently interviewed on renewable energy and the concept of bioeconomy. Dr. Siry’s full interview can be found in the link below.
http://www.forest-monitor.com/en/bioeconomy-interview-with-professor-siry/
Center for Forest Business December 2017 Graduates and New Additions
The Harley Langdale Jr., Center for Forest Business recently graduated five students from the Master of Forest Resources program. Below you’ll find a list of their current positions.
Company, Position, Location
Georgia-Pacific, Procurement Forester, Talladega, AL
GMO Renewable Resources, Associate, Boston, MA
MetLife Timberland Finance Group, Associate, Memphis, TN
Resource Management Service, Forest Planner, Auckland, New Zealand
The CFB would also like to welcome three new students, Lane Anderson, Robert Massenburg, and Garrett Spivey. They began their work towards a Master of Forest Resources in January, each concentrating in Forest Business. Garrett and Robert recently graduated from Warnell with Bachelor’s degree in Forest Resources. Lane is also a recent graduated from UGA with degrees in Agribusiness and Applied Agriculture and Economics. You can find their contact and prior work experience in student directory.
Property Tax Incentives for the Georgia Landowner 2017
From the Preface:
This is the sixth revision of the popular Property Tax Incentives for the Georgia Landowner, University of Georgia Harley Langdale, Jr. Center for Forest Business Research Note Number 3. It expands the June 2012 revision to include an exhaustive treatment of all pertinent ad valorem taxation legislation, Department of Revenue rules and regulations and some court cases through the 2017 General Assembly legislative session. Each intervening year has seen some change to ad valorem tax law relating to farm and forest owners including the landmark 2008 Forest Land Protection Act.
2017 – Property Tax Incentives for the Georgia Landowner.pdf
Table of Contents:
• Foreword
• Preface
• Acknowledgements
• Table of Contents
• Introduction
• Outline
• Importance of ad valorem taxes and fair market value assessment
• Preferential assessment for agricultural and forest property
• Conservation use assessment
• Forest Land Protection Act
• CUVA vs FLPA
• Recent ad valorem legislation
• Timberland valuation
• Ad valorem taxed on timber at harvest or at sale for harvest
• Income tax withholding by timber buyers from non-resident timber sellers
• Summary and implications
Dean Greene Addresses Timberland Investment Professionals at Portland, Oregon WWOTF Conference
Dr. Dale Greene, Dean of the Warnell School of Forestry and Natural Resources addressed 400+ timberland investment professionals at the Who Will Own the Forest (WWOTF) conference in Portland, Oregon on September 13, 2017. The WWOTF conference attracts timberland investment professionals from across the globe to the World Forestry Center each year for two and a half days of presentations, conversations and networking opportunities centering around all aspects of timberland management and investments. Dean Greene of UGA, David Newman of SUNY College of Environmental Science & Forestry and Thomas Maness of Oregon State’s College of Forestry discussed what their respective universities are doing to prepare the next generation of forest managers.
Hargreaves Distinguished Professor of Forest Finance Jon Caulfield and three forest business graduate students attended the WWOTF conference this year. UGA alumnus Jack Tribble and his colleague Tom Skaggs of Outdoor Underwriters sponsored one student’s conference attendance and hosted the UGA representatives for dinner while in Portland (photo below). Thank you to Outdoor Underwriters for supporting the Harley Langdale, Jr. Center for Forest Business!
Left to right: Dr. Jon Caulfield, Dean Greene, John Miller, Jack Tribble, Kit Burgin, Tom Skaggs.
Where will the Langdale Center for Forest Business Students be this summer?
May 2017 Graduates:
Company, Position, Location
Conservation Forestry, Investment Analyst, Exeter, NH
Conservation Forestry, Investment Analyst Intern, Greenville, SC
Edward F. Travis Co., Appraiser, Mobile, AL
Forest Investment Associates , Summer Analyst, Atlanta, GA
International Paper, Fiber Supply Associate, Eastover, SC
International Paper, Fiber Supply Associate, Vicksburg, MS
U.S. Trust, Bank of America, Specialty Asset Manager, Atlanta, GA
Returning Students (Internships):
Company, Position, Location
Baillie Lumber Company, Procurement Intern, Donalds, SC
Campbell Global, Summer Analyst, Portland, OR
F&W Forestry, Operations Analyst, Montevideo, Uruguay
Forestech International, Summer Forestry Intern, Watkinsville, GA
GA Biomass, LLC, Procurement and Sustainability Intern , Waycross, GA
Georgia Pacific, Procurement Intern, Palatka, FL
Georgia-Pacific LLC, Fiber Supply Intern, Madison, GA
GMO Renewable Resources, Summer Analyst, Boston, MA
Hancock Natural Resource Group, Economic Research Intern, Boston, MA
Hubbard Family Office & Executive Money Managers, Inc., Principal, Marietta, GA
International Paper Co., Finance and Operations Intern, Georgetown, SC
International Paper Co., Fiber Procurement Intern, Rome, GA
MetLife Agricultural Finance Group, Summer Analyst, Kansas City, MO
Resource Management Service, Forestry Intern, Augusta, GA
TimberMart-South, Research Assistant, Athens, GA
University of Georgia, Graduate Research, Athens, GA
Weyerhaeuser, Forestry Intern, Madison, GA
Winfield Conservation Services, Conservation Easement Intern, Athens, GA