MAY 2007: DISPATCHES
BOARDMAN
If tax season left you reeling, consider this: Spokane-based
Potlatch Corporation expects to have a $33.5 million loss after
taxes on the sale of its hybrid poplar tree farm. The
17,000-acre farm recently sold to a private equity tree-farm
investment fund for $65 million. Potlatch, a real-estate
investment trust, owns about 1.5 million acres of forestland
across the country as well as 13 manufacturing sites that
produce lumber and bleached pulp products. Originally planted
in 1992 to support the company’s fiber needs, the farm
was later used to grow hardwood saw logs.
