Federal Land Management: Estimates of Timber Value and Economic Effects of Harvesting the Headwaters Forest
RCED-97-241R
Published: Sep 24, 1997. Publicly Released: Oct 10, 1997.
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Highlights
Pursuant to a congressional request, GAO provided information on the value of timber resources in the Headwaters Forest area in northwestern California and the effects of harvesting the forest on jobs, payrolls, and taxes if harvesting were to occur. GAO noted that on September 28, 1996, the federal government, the state of California, and Pacific Lumber Company (the owner) signed an agreement for the public to acquire approximately 7,500 acres of timbered area in exchange for approximately $380 million in cash and assets from the United State and California.
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