It offers an array of services with a personal touch, including emergency, women's health, cancer care, orthopedics and neurology, cardiopulmonary, behavioral health, home health and occupational medicine. Economic aspects of private forestland stewardship Tapping the income potential of your woodlands, reducing your tax burden and passing your estate on to your heirs intact are not just the concerns of wealthy land barons. There are well over 150,000 individual owners of Indiana's 4.5 million acres of forestland. Many forestland owners are unaware of the many income producing and tax saving opportunities available to them. Purdue University, through its Department of Forestry and Natural Resources and Cooperative Extension Service, is cooperating with Cornell University in New York to bring a one-half day workshop on the economic aspects of private forestland stewardship to the woodland owners of Indiana.
Most people think of selling timber when they think of the income potential for forests.
Selling standing timber is only one opportunity, among a list of others, for woodland owners to make money. People are willing to pay forest owners for outdoor recreation experiences such as hunting, guided wildlife watching or horseback riding. Experts and leaders in small private woodlands management make up a panel of speakers at the satellite video conference. Jonathan Kays, extension Forester at the University of Maryland, will help landowners decide what types of forest-related enterprises are best suited for them. Bob Beyfuss, a nationally recognized authority on ginseng at Cornell University, will provide examples of natural resource enterprises.