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Missoulian Gives Plum Creek an Attaboy

BigHornRam

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Thanks to vocal public, Plum Creek did right - Wednesday, January 7, 2009




Plum Creek Timber Co. could have gotten its way.

The company had spent many months in discussions with the U.S. Forest Service and all the dominoes were finally lined up, waiting only for Agriculture Undersecretary Mark Rey to wave his hand and set them in motion. By Rey's own account, he was on the verge of doing just that - over the objections of several Montana counties and despite the threat of an avalanche of lawsuits.

But what Rey chose to ignore, Plum Creek heard, and this week, the timber company-turned-real estate investment trust announced it was shelving its push for an amendment to certain road easements on forest land.


The exact nature and scope of the amendment has yet to be made clear to the general public, in part because the Forest Service has been less than cooperative about providing Missoula County and others with public documents essential to their understanding. It didn't help that Forest Service officials held initial meetings on the issue with Plum Creek in secret.

However, many suspect that the amendment basically would have allowed roads that had traditionally been used for timber and recreation to be used to access private property - a change that would significantly increase the value of Plum Creek's real estate, but also put local taxpayers on the hook for extending emergency services to those remote houses and maintaining untold miles of new roads.

The controversial negotiations called for Plum Creek to address some of those concerns through, for instance, cost-sharing agreements with homeowner associations. Fortunately, even as the company confirmed that the deal has been shelved, Plum Creek CEO Rick Holley pledged to continue road maintenance and fire management discussions with the Forest Service.

Plum Creek cited only strong public opposition as its reason for pulling out of the deal, but we venture to guess the company calculated it had little to gain by pushing for an unpopular, lawsuit-ready easement amendment in a weak real estate market. Rey apparently had no such qualms, as only a few days earlier he made it clear he would see the matter closed before leaving his office, to which he was appointed by the Bush administration, on Jan. 20.

But now, the matter is far from closed. In fact, it's quite likely the road easement issue will pop up again, since the question of whether they allow residential access has yet to be resolved. But in putting the deal on hold, Plum Creek, which owns about 1.2 million acres of land in Montana and nearly 7 million more in other states, has allowed us a little more time to figure out what we stand to lose - or gain.

So while it is both frustrating and infuriating that some government officials within a public agency have opted to ignore the will of the public, it is gratifying to know that the will of the public was not, ultimately, ignored.

So congratulations, Montanans, on making your wishes known. You spoke, and Plum Creek listened.

And Plum Creek - thanks for listening.
 
Edumacate us Jose.......

A few weeks ago, Congress passed HR 2419, the “Food, Conservation and Energy Act of 2008,” aka the Farm Bill. Deep within this 682-page pig were two impressive, and impressively stupid, pork slabs for corporate America: $182 million in tax breaks for Weyerhaeuser; $500 million for Plum Creek – buried there by Sen. Max Baucus, a Democrat, who proudly announced the funding May 23 alongside Plum Creek CEO Rick Holley.
 
So, let me get this straight...PC was just handed 500 million and did nothing for it?

The public has nothing to show for the 500 million?

BHR, you need to let it go...the legacy is a good deal for MT and the taxpayers...and Max made a brilliant move by acquiring public lands that were formerly privately owned. Win-win for all involved.

What a tool...
 
Got to correct an earlier comment I made Jose. Bush vetoed the bloated farm bill but the Democrat lead Senate overroad his veto.

Here's an interesting ;) article that mentions it......

On June 30 Senator Max Baucus announced the purchase of 320,000 acres of Plum Creek Timber Company-owned land by two conservation groups, The Nature Conservancy and The Trust for Public Land. It is the biggest Montana land swindle in many years, perhaps since the days of the 19th Century railroad barons.

The so-called Montana Legacy Project will use $500 million in taxpayer monies to enrich Plum Creek, TNC, and TTPL and will provide no significant change in actual land management or environmental stewardship. In fact, stewardship will diminish.

The funds will come from the U.S. Treasury through a slick earmark Baucus inserted into the recent Farm Bill, passed by Congress over President George W. Bush’s veto. In addition to the $500 million to be given to the above named corporations, the Farm Bill also gave a $182 million tax break to the Weyerhaeuser Corporation.

The Montana land swindle was reported by the Flathead Beacon [here]:

Standing just below the summit of Kalispell’s Lone Pine State Park, Sen. Max Baucus, D-Mont., Monday announced the purchase of 320,000 acres of Plum Creek Timber Company-owned land by two conservation groups, calling the deal, “the largest land purchase, for conservation purposes, in American history.”

Dubbed, “The Montana Legacy Project,” The Nature Conservancy and The Trust for Public Land are buying the acreage for $510 million, and will finance payments on the land over the next three years through private and public sources, with the federal government paying for about half the cost through a forestry conservation bond mechanism Baucus inserted into the recently passed Farm Bill.

Plum Creek is selling 223,400 acres in Missoula County, and 35,500 acres in the Swan Valley, along with 13,800 acres in Lincoln County. No land close to Kalispell or Whitefish was on the selling block.

Spokesmen for the conservation groups said the deal will preserve the land for wildlife habitat, public recreation and sustainable forestry.

Unfortunately, the land deal will do no such thing. What it will guarantee is catastrophic fire, the destruction of wildlife habitat, the elimination of public recreation, and conversion of forest to brush.

From the Wikipedia [here]:

Plum Creek Timber (NYSE: PCL) is the largest private landowner in the United States. Most of its lands were originally purchased as timberland.[1]

Headquartered in Seattle, Plum Creek was spun off from Burlington Resources as a master limited partnership on June 8, 1989. It converted to a real estate investment trust on July 1, 1999.

Burlington Resources was created from the Burlington Northern railroad’s natural resources holdings in 1988; Plum Creek Timber is therefore heir to the timberland originally granted by the federal government to the Northern Pacific Railway in the 1860s.

Just as Plum Creek’s holdings came from U.S. Government giveaways, so to do those of The Nature Conservancy and The Trust for Public Land. Our quasi-socialist system of giving land entitlements to billion-dollar corporations does not lead to stewardship because it removes all private incentive for asset care and improvement. Furthermore, such actions rob the public of funds and of any substantial use what were once public lands.

Goodbye to the old land baron, hello to the new ones, in this case multinational corporations with anti-American as well as anti-human agendas. And hello as well to the (ongoing) economic collapse of rural Montana.

Had Plum Creek sold its land to private individuals, those individuals would have become responsible private stewards and boosted the state’s economy. Indeed, in those cases where Plum Creek has sold land in the free market, the new buyers have invested over a $billion in Montana, building homes, planting trees, and making other economic investments in the land and communities.

That type of free market environmentalism is frowned upon by the big money wheeler dealers as well as the liberal environmental establishment. The latter welcomes rural hellfire holocausts with open arms from their urban penthouse suites. They called burned over wastelands “open space” and “wilderness.” The dearth of living organisms on the scorched earth is never mentioned. Instead we are led to believe that burned over forests are a cornucopia of Nature. Nothing could be further from the truth.

From clearcuts to holocaust wastelands; nothing is gained.

Substantial gains lined the pockets of huge corporations, though, and those of Max Baucus, too, no doubt. Corporate welfare is alive and well in America, and the US Congress is packed with willing robbers of the taxpayers.

For more in-depth analysis of this travesty, we recommend “Weyerhaeuser Redux” by The Timberland Blog [here]:

… Weyerhaeuser was successful at getting a modified version of the Tree Act passed as a part of the mammoth Farm Bill this year. … Among other things in the modified TREE Act are:

Provides a 15% tax rate for corporations on gains from timber that has been held for at least 15 years. (This 15% rate is comparable to that paid by many of Weyerhaeuser’s competitors; C-Corporations like Weyerhaeuser current pay a 35% rate on timber gains.)

We also recommend the comments below a reprint of the Flathead Beacon article at New West [here]:

Oink oink, this little piggy went to buy some more votes, and what is half a billion dollars squeezed out of the American Taxpayers when it comes to insuring reelection? …

A gullible moron, elected by gullible morons. The scary part is that Montanans are supposed to be smarter than the average turnip because it’s such a tough go to make it here. So what’s the rest of the country like? Stupid enough to vote for the rest of the morons who went for this. …

Tester campaigned against all earmarks, he said so in Bozeman. Suddenly, all his supporters are crowing over a whopper of an earmark that doesn’t feed a person, cure a person, house a person, teach a person. …

That thieving no good sob Baucus took over a half billion dollars out of the budget, and that money was not enough. The dickhead gave Weyerhaeuser a tax reduction of $182,000,000 in his Farm Bill insertion. And the Farm Bill is not the only thing that is getting an insertion. I don’t know how many other Timber Barons got tax relief as collateral beneficiaries. So don’t you ever, ever say that sob is against the Timber Barons. He is their lackey, their boot licker. So when this all falls out, the Timber Barons got a billion dollars, and Montana sold their soul to get it. …

The Trust for Public Lands, The Nature Conservancy, are both Weyerhaeuser fops. They are selling a used car in this anti logging deal. They just rewarded ridge top to ridge top clear cutting… to the tune of close to a billion dollars… no money for county government, but lots for the Timber Barons… the little people are getting nothing…

There is NOT supposed to be an open, honest debate about the “legacy program” or the bribe to Weyco, or the rural share money collapse, and ESPECIALLY not about the failure of the esteemed, brilliant United States Congress to suss the implications of their cupidity. That’s why the loot was stashed in the conference committee and rushed to the floor, that’s why the press releases don’t mention anything important except cheesy platitudes. Why, there are political LEGACIES at stake here. So shut up and bend over. …

The only hope I can see is for folks to wake up to the fact that the Dems and their green friends are doing everything in their power to destroy the economy of our country. Exactly where the greens think the donations are going to come from to keep them able to play, I can’t imagine. Interestingly enough, farmers and ranchers are being dissed because of all the money in the farm bill. They will be the ones to take the heat for the half billion ear mark by Baucus that is going to end up going to TNC, who will probably end up selling the whole thing to the taxpayers who are paying to begin with. The politicians who work with them will get nice donations for reelection. …
 
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