Quote:
Originally Posted by Investy
On the face of it as you suggest the investment should be hassle free but I bet there are issues such as pest control - I could see local enviromental officers sending me a bill to have a beetle infestation removed that could devastate timber crops. The once commonly planted Pinus Nigra (Austrian Black pine) suffered just such a problem in the US a few years back (from memory).
|
The Telegraph article says that, for UK forestry investments the management company charges 0.6% which includes insurance.
I can't believe it's not possible to insure forests against these types of risks (it seems the EU-taxpayer seems to cough up any time there is any major sort of problem anyway in a lot of cases!)
I could imagine that the wooded Estonia islands are so cheap because of the additional costs of getting the timber off the island.
I must say that having an island of my own has always appealed to me in a James Bond villain kind of way. Then I just need to come up with a way of holding the world to ransom!
