Selected from what is undeniably one the finest White pine ownerships in the Northeast, Chadbourne Tree Farms is a 2,470-acre portfolio located in Western Maine near Bethel. The property consists of six tracts ranging in size from 111 to 687 acres, all well-stocked with timber. Collectively, it boasts an impressive 17,407 MBF of saw timber, more than half of which is white pine.
Total stocking averages 29 cords per forested acre, with over 40% of the sawtimber volume in trees 18” DBH and larger. In addition to its superb timber resource, the portfolio includes nearly three and a half miles of water frontage, most notably a mile and a half stretch along a pristine 155-acre cold water trout pond. This superior timberland investment opportunity is poised for strong performance well into the future.
Published reports point to a potential new leader atop The Land Report 100. Colorado’s John Malone, who closed on the 290,100-acre Bell Ranch in August 2010, is scheduled to add an additional 1+ million acres in Maine and New Hampshire to his holdings this week. When added to his existing portfolio of 1.2 million acres, it would be enough acreage to vault him from No. 5 on The Land Report 100 to No. 1, ahead of the Irving Family, Brad Kelley, Red Emmerson, and the current No. 1, Ted Turner.
The story is making national news, including an article by Katherine Seelye in The New York Times titled “For Land Barons, Acres By the Millions.” Wrote Seelye,
John C. Malone, a media mogul who is on the verge of buying nearly one million acres of timberland in Maine, could soon become the largest private landowner in the United States, catapulting him ahead of Ted Turner on the list of those who accumulate earth the way others accumulate, say, bison.
The Times quoted Land Report Editor Eric O’Keefe, who noted that “… when the tabulations are done and this transaction closes, Mr. Malone definitely will be America’s largest landowner.”
According to the Portland Press Herald, Malone’s BBC LLC will acquire 1,004,346 acres belonging to GMO Renewable Resources, a forest investment management company:
“The acquisition will give Malone ownership of more than 5 percent of Maine’s total land mass of 22 million acres. All but about 30,000 acres of his purchase is in Maine with the remainder in New Hampshire.“
Foreign investors own an interest in 21.2 million acres of U.S. forest and farmland, an amount that equates to just under 1 percent of all the land in the U.S. Every one of the 50 states as well as Puerto Rico has foreign ownership, but far and away the largest concentration was in Maine with 3,323,846 acres (16 percent of the national total). Forest and timberland accounted for more than 3 million of those acres with Canadian companies the leading landowners.
The figures were compiled by the Farm Service Agency from filings required by the Agricultural Foreign Investment Disclosure Act of 1978 and are available in this handy 178-page report.
The last and largest contiguous block of forestland east of the Mississippi – more than 10 million acres – is up for grabs … at least as far as public policy goes. Maine’s Land Use Regulation Commission is now holding public workshops, which will soon be followed by public hearings, which will then be used to develop a Comprehensive Land Use Plan for the Pine Tree State. Get ready. Read more