In recent weeks newspapers have made comment on the sale of Irish Forestry funds to AXA IM. The commentary around this has been negative and, we feel, adversely affecting the very important forestry industry in Ireland.
Green Belt - Your Forestry, Your Future
“When someone invents a material that is renewable, reusable, organic, biodegradable, whose production cleans the air and water, sequesters carbon, creates oxygen, provides habitat for us and other species, gives us a material that is strong, light, diverse, versatile, beautiful, ubiquitous and inexpensive then I’ll embrace it. Until then, I’ll use wood whenever I can!” Since 1982 Green Belt has established more than 400,000 acres of new forestry across Ireland. Through sustainable forestry management techniques, they have enhanced the environmental, social and economic value of the forest to the owners and the community.
The private estate is evolving in Ireland. Proactive investment, predominantly indigenous, is adding further value to a fragmented estate. There are vast opportunites to become involved in the revolution.
Green Belt takes immense pride in delivering full service forestry management to each of its clients. The private forestry industry is evolving and more diverse and alternative uses for timber are emerging.
Since its inception in 1982, Green Belt has established 400,000 acres of private forestry. This fragmented estate is bursting with potential (and wildlife). The benefits to the forest owner are quite obvious (Grants, premiums, timber value etc.) but the value to the wider community is often unrecognised. Forestry in Ireland employs more than 12,000 people, mainly in rural communities and delivers €2.3 billion to the Irish economy annually.
The timber harvested from Irish forestry serves all the main sawmills across the country as well as providing biomass and pulp material to end users.
Latest from Green Belt
At recent 'Talking Timber' events hosted by Teagasc, tax consultants spoke about the tax treatment around forestry - sales of forestry and timber.
In an article published by the FT (below), there are really interesting comments and projections affecting institutional investment decisions.
With the forecasted high temperatures over the next few days, an orange fire warning has been issued. Please take care and if you see a forest fire please call the fire brigade.
In very welcome news this morning, Minister Bruton has announced that the SSRH scheme has officially been opened to accept applications as of today. This is particularly good for those looking to set up facilities of up to 2 MB as the supports are best suited to those facilities.