Agenda

This conference covered topics such as: (a) Global wood demand and supply, (b) Ideal growing areas, (c) Competitive investment and regulatory environments, (d) Ownership, tax and title issues, (e) Forest valuation and (f) New markets for non-timber forest services (e.g. carbon credits). Networking with the investment community will of course be a key feature of the event. Institutional investors, fund managers and advisors, TIMOs, REITS and principals in the forest sector will want to attend.

Attendees earned:
11.0 SAF CFE Contact Hours, Category 1
12.5 Oregon State Bar General CLE credits.

Monday, September 10

5:00-8:00 PM: Opening Reception and Hors d’oevres at WFC Forest Discovery Museum

Tuesday, September 11

8:00 – 9:00 am
Registration Open

9:00-9:10 AM: Welcome and Introductions

SESSION 1: FORESTLAND INVESTMENT OVERVIEW

9:10-9:50 AM: Global Timberland Capacity for Investment
Colin McKenzie, Global Forest Partners

9:50-10:30 AM: Ranking Timberland Investment Attractiveness
Dennis Neilson, DANA Ltd.

10:30-11:00 AM: Break

11:00-11:40 AM: Current and Future Trends in U.S. Forestland Investment
Mike Clutter, Warnell School of Forest Resources

11:40-12:20 PM: How Tax Laws in the U.S. Affect Timberland Investments
Bill Bradley, Sutherland Asbill & Brennan

12:20-1:40 PM: Lunch

SESSION 2: INSTITUTIONAL INVESTOR PERSPECTIVES

1:40-3:15 PM: Is Timberland a Serious Alternative? Perspectives from Investors
Sandy LaBaugh, TIAA-CREF
Barry Gamble
Kelvin Mak, Alberta Investment Management
Moderator: Tracy Evens, TimberLink

3:15-3:45 PM: Break

SESSION 3: FORESTLAND VALUATIONS

3:45-5:00 PM: Challenges with Timberland Appraisals
Vic Musselman, Musselman & Assoc., Inc.
Bret Vicary, James W. Sewall Company
Moderator: Ken Hines, John Hancock Bond and Corporate Finance Group

5:00-7:00 PM: BBQ Reception Outside Miller Hall
Enjoy BBQ, hors d'oeuvres, wine, and beer

Wednesday, September 12

SESSION 4: INVESTING OVERSEAS AND IN EMERGING MARKETS

8:00-8:40 AM: Beyond the Frontier: The Risks and Rewards of Timberland Investment in Emerging Market Countries
Clark Binkley, International Forestry Investment Advisors

8:40-10:40 AM: Dancing with the Dragon and the Bear

8:40-9:20 AM: Economic Trends in China
Ben Simpfendorfer, Royal Bank of Scotland

9:20-10:00 AM: China's Timber Supply and Demand Outlook
Bob Flynn, RISI

10:00-10:40 AM: Navigating China - An Investor's Perspective on Timberland Opportunities
Jeff Nuss, GreenWood Resources

10:40-11:10 AM: Break

11:10-11:50 AM: Timberland Investment Potential in Russia, Eastern Europe and Southern Africa - A Comparative Perspective
Olli Haltia, INDUFOR

11:50 AM-1:10 PM: Lunch in Plaza

1:10 PM-1:50 PM: Forest Investment in Colombia: Case Study of Developing Markets
Mark Willhite, World Forest Investment

1:50-3:20 PM: Financial, Tax and Legal Issues in Off Shore Timberland Investment
Chris Zinkhan, The Forestland Group
Thomas Herman , Sutherland Asbill & Brennan
Ameek Ponda, Sullivan & Worcester

3:20-5:00 PM: New Markets for Forests: Carbon, Bio-Energy and Eco-Services
Rick Smith, Forest Systems
Don Roberts, CIBC World Markets
Carl Lucero, USDA Natural Resources Conservation Service
Robert Doudrick, US Forest Service

5:00 PM Close










	Agenda This conference covered topics such as: (a) Global wood demand and supply, (b) Ideal growing areas, (c) Competitive investment and regulatory environments, (d) Ownership, tax and title issues, (e) Forest valuation and (f) New markets for non-timber forest services (e.g. carbon credits). Networking with the investment community will of course be a key feature of the event. Institutional investors, fund managers and advisors, TIMOs, REITS and principals in the forest sector will want to attend. Attendees earned: 11.0 SAF CFE Contact Hours, Category 1 12.5 Oregon State Bar General CLE credits. Monday, September 10 5:00-8:00 PM: Opening Reception and Hors d’oevres at WFC Forest Discovery Museum Tuesday, September 11 8:00 – 9:00 am Registration Open 9:00-9:10 AM: Welcome and Introductions SESSION 1: FORESTLAND INVESTMENT OVERVIEW 9:10-9:50 AM: Global Timberland Capacity for Investment Colin McKenzie, Global Forest Partners 9:50-10:30 AM: Ranking Timberland Investment Attractiveness Dennis Neilson, DANA Ltd. 10:30-11:00 AM: Break 11:00-11:40 AM: Current and Future Trends in U.S. Forestland Investment Mike Clutter, Warnell School of Forest Resources 11:40-12:20 PM: How Tax Laws in the U.S. Affect Timberland Investments Bill Bradley, Sutherland Asbill & Brennan 12:20-1:40 PM: Lunch SESSION 2: INSTITUTIONAL INVESTOR PERSPECTIVES 1:40-3:15 PM: Is Timberland a Serious Alternative? Perspectives from Investors Sandy LaBaugh, TIAA-CREF Barry Gamble Kelvin Mak, Alberta Investment Management Moderator: Tracy Evens, TimberLink 3:15-3:45 PM: Break SESSION 3: FORESTLAND VALUATIONS 3:45-5:00 PM: Challenges with Timberland Appraisals Vic Musselman, Musselman & Assoc., Inc. Bret Vicary, James W. Sewall Company Moderator: Ken Hines, John Hancock Bond and Corporate Finance Group 5:00-7:00 PM: BBQ Reception Outside Miller Hall Enjoy BBQ, hors d'oeuvres, wine, and beer Wednesday, September 12 SESSION 4: INVESTING OVERSEAS AND IN EMERGING MARKETS 8:00-8:40 AM: Beyond the Frontier: The Risks and Rewards of Timberland Investment in Emerging Market Countries Clark Binkley, International Forestry Investment Advisors 8:40-10:40 AM: Dancing with the Dragon and the Bear 8:40-9:20 AM: Economic Trends in China Ben Simpfendorfer, Royal Bank of Scotland 9:20-10:00 AM: China's Timber Supply and Demand Outlook Bob Flynn, RISI 10:00-10:40 AM: Navigating China - An Investor's Perspective on Timberland Opportunities Jeff Nuss, GreenWood Resources 10:40-11:10 AM: Break 11:10-11:50 AM: Timberland Investment Potential in Russia, Eastern Europe and Southern Africa - A Comparative Perspective Olli Haltia, INDUFOR 11:50 AM-1:10 PM: Lunch in Plaza 1:10 PM-1:50 PM: Forest Investment in Colombia: Case Study of Developing Markets Mark Willhite, World Forest Investment 1:50-3:20 PM: Financial, Tax and Legal Issues in Off Shore Timberland Investment Chris Zinkhan, The Forestland Group Thomas Herman , Sutherland Asbill & Brennan Ameek Ponda, Sullivan & Worcester 3:20-5:00 PM: New Markets for Forests: Carbon, Bio-Energy and Eco-Services Rick Smith, Forest Systems Don Roberts, CIBC World Markets Carl Lucero, USDA Natural Resources Conservation Service Robert Doudrick, US Forest Service 5:00 PM Close