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2013 FLM MARCH/APRIL [FREE] Landowner to Landowner p2
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the growing period, landowners are left with very little on their investment. Timber owners need every encouragement the tax systems can provide. Otherwise we will lose production of a valuable commodity and the environmental value of our forests which are provided freely to our urban neighbors.”
James A. Vaughn – Vaughn Farms, L.P. , Forsyth, GA  

“My forest land is treated as a business. However, either as a business or investment, I believe the ability to deduct forest management cost is crucial. In my case, my tracts are scattered over a wide area and just the gas to drive to each and check them out often is a major expense. Keeping gates up, paying insurance, planting food plots, etc. can run up a large bill in a hurry.”
Don EastLineville, AL

“All expenses are increasing, mainly real estate tax on forest lands. This will make a marginally profitable endeavor even less desirable and could cause some of the land to go to more profitable uses.”
William C. Bulloch Monticello, Arkansas

“We will not be able to afford the costs.” Anonymous, Tega Cay, SC

Anonymous , Valdosta, GA

 “1. Timber is a long term investment. The rationale for capital gain on timber is that if tax was paid ratable over the growth period that the rate of tax would be at a lesser rate than taxing all the gain in one year. Therefore the gain should be taxed at the capital gain rate. Treatment as ordinary income would discourage investment in timber. This would be bad for the economy and the enviroment. 2.No any different from deducting interest to carry other investments. Proper management results in greater gain at harvest and more taxes paid. To disallow would discourage good management. 3. The current law while not ideal is manageable. A shorter amortization period would probably encourage more reforestation.”
R. Earl Dabbs, Statesboro, GA

“We pay Capital Gains when we harvest our timber so there for should be not limits on deductions and Capitalizes fully.”
Hunter Drew – Land’s South Ventures, Thomasville,GA

“If the capital gain treatment w/ respect to timber sales is repealed, I — and I expect many others — will be more likely to decided against having timber cut and sold.

“No effect. I learned the hard way that one should not make investment decisions based upon tax considerations.”
Conrad Franz, Trenton, NJ  

“Bottom line, and beginning with the cap gains treatment for timber sales, eliminating any of these provisions would greatly increase the costs of doing business, and reduce the income available to make improvements, as well as provide family with financial benefits. None are incidental to the success or growth of family timber businesses.”
Joseph Denison, President Legacy Partners, Inc., Franklin, TN  

“The effect of paying capital gains after waiting for 35 years to reap a profit has made the investment worthwhile. Without capital gains I believe the country would end up decimating the beautiful countryside with concrete and billboards. I also believe that the issue of reforestation is a tremendous help to small landowners and encourages them to pay more attention to the countryside and be better stewards of this country.” 
James Taylor Hurst , Fayetteville, AR  

 “All three of these would have a significant effect on the financial feasibility of maintaining our family-owned and operated farm. If the provisions are not retained, it would discourage our family from holding on to our family tree farm and passing it down to our children.”

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