. Landowners ranging from Molpus Woodlands Group LLC, a big timberland investment management organization that enrolled 468,000 acres, to individuals with fewer than 150 acres are accepting cash to not cut.
Mark Dale, a Monticello, Miss., forestry consultant, said 12 clients of his Forest Pro LLC sold offsets in April and that others with even more acreage are considering doing so this time around. Weak pulpwood prices convinced some to sell offsets and wait for the market to improve for the skinny, knotty and overgrown pines that are mashed into paper and cardboard, he said.Microsoft, which bought more than $3 million worth of the resulting offsets, helped NCX map U.S.
Landowners are paid after a year if satellite imagery confirms the trees are still standing. They will then have the option to re-enroll or harvest timber.Do you expect many companies to use forest offsets to counter carbon emissions? Why or why not? Join the conversation below.
Sounds a bit like tongue in cheek after seeing how so many of these types have taken so many companies to the wall recently. All be it for astronomy fees which have decimated pensions earned of many years.