Land Management Plan for the Hofmann Forest: Emerging Ecosystem Markets Jamie Blackwell Yuan Fang Russell Myers Chelsey Walden-Schreiner

Hofmann Forest Located in costal NC Management plan for 12,046 acres out of 80,000 acres

Current Management Land allocations Current value of management options (current prices): $14,147,223.65

Current Management Loblolly $ 7,491, Longleaf $ 3,295, Ag Leases $ 609, Wetland Mitigation Banking $ 2,750, Total BAU Value $14,147, Note: Timber prices from TimberMart South 1 st Quarter, 2011

Current Management Current land use map

Planning Process Planning Goals: –Generate at least business as usual revenues –Leverage underutilized resources –Encourage ecosystem services

Biomass Harvesting Market Outlook –History of biomass harvesting in Hofmann –Craven Wood Energy (New Bern, NC) Considerations: –Logistics –Costs –Fire break Proposed Harvest Location (1350 acres)

Biomass Harvesting Potential biomass harvesting buffer map

Biomass Harvesting Potential Revenue 5 year understory harvest (15 tons/ac) –$20/ac net revenue NPV: $20,174.97

Stream Restoration Market Outlook –Camp Lejeune expansion –18% growth rate Stream Restoration Potential: 10,570 linear feet Considerations –Land cover –Verifying impairment

Stream Restoration Proposed Stream Restoration Locations

Stream Restoration Potential Revenue –Credit Price: $242/linear foot Total Value for linear feet –$2,559,208.4 NPV –$2,122,

Hunting Leases Market Outlook Hunting lease precendent in Hofmann Hunting in high-demand in Onslow Co

Hunting Leases Varible Lease Sizes 120 acres – 2400 Acres

Hunting Lease Potential Revenue: Bidding Process –$5/acre average (11,839 acres) –SEV: $1,045,860.93

Adaptive Management Considerations for Adaptive Management: Biomass Harvesting –Tons/acre estimate and harvest rotation –Costs/demand Hunting Leases –Adaptation of bidding system (price, plot size)

Summary

Proposed Land Use BAU Total Value -$14,147, Increase in Value -$3,188, Proposed Total Value -$17,335,

References