A new study released by the Wisconsin Department of Natural Resources is showing some interesting statistics towards the future of the woodlands in Wisconsin. The study, conducted by the Pinchot Institute of Conservation, was conducted in 2007 by interviewing some 260 children of woodland owners throughout the state. It is easy to assume that these findings would mirror similar situations in Northern Illinois and Iowa.
Currently 9.1 million acres are owned by individuals and families throughout the state. Of these 9.1 million acres: 60% of owners are 55 years or older with 49% already being retired. 10% of these lands will be sold, subdivided or converted to non-forest uses in the next 5 years. Over half of the sons and daughters interviewed are not ready for forest ownership. The 20 year future of these lands are in question.
Will the next generation of owners decide to hold on to the living asset that they inherit? Or will it be more attractive to sell to development, logging or divide amongst the siblings?
Does the next generation have the same values and knowledge base as their parents? Will brothers and sisters be able to agree on what should be done?
Some of the preliminary answers can be found here:
http://dnr.wi.gov/forestry/private/tomorrow/study_key_findings.htm
The research has generated a much needed portrait of the next generation of woodland owners. It also offers insight on what the next generation of woodland owners value and what they believe will help or hinder their ability to own and manage a family inheritance. As you can assume, financial incentives and education will be crucial in order to keep these lands intact.
Thank you Wisconsin for funding this great study!
