A Survey of Pension Fund Investments in Timberland

A November 1987 survey of 1500 pension funds and other tax-exempt funds found 22 that owned an estimated $222 million of timberland; another 458 nonowners responded to the questionnaire. Current investors planned to hold timber-land for an average of 10 to 15 years, generallyplanned to maintain or increase their investment levels, and were moderately knowledgeable about and interested in timberland investments. Noninvestors were much less knowledgeable and interested in timberlands, but a few responding noninvestors did feel that now was an appropriate time toinvest in timberlands. South. J. Appl. For. 13(4):188-192.