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

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

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

4. Current Management Loblolly $ 7,491,295.18 Longleaf $ 3,295,752.72 Ag Leases $ 609,319.85 Wetland Mitigation Banking $ 2,750,855.90 Total BAU Value $14,147,223.65 Note: Timber prices from TimberMart South 1 st Quarter, 2011

5. Current Management Current land use map

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

7. 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)

8. Biomass Harvesting Potential biomass harvesting buffer map

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

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

11. Stream Restoration Proposed Stream Restoration Locations

12. Stream Restoration Potential Revenue –Credit Price: $242/linear foot Total Value for 10570 linear feet –$2,559,208.4 NPV –$2,122,049.00 www.tu.org

13. Hunting Leases Market Outlook Hunting lease precendent in Hofmann Hunting in high-demand in Onslow Co www.ncfishandgame.com

14. Hunting Leases Varible Lease Sizes 120 acres – 2400 Acres

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

16. 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)

17. Summary

18. Proposed Land Use BAU Total Value -$14,147,223.65 Increase in Value -$3,188,085.11 Proposed Total Value -$17,335,308.75 www.pinchot.org

19. References