State officials say logging companies harvested a record amount of timber on Idaho’s endowment lands in the past year.
According to the Idaho Department of Lands, 330 million board feet of timber worth about $50 million was harvested during the fiscal year that ended June 30. The agency said recently the harvest from state lands represented more than a third of the total timber cut in Idaho.
Public schools are, by far, the biggest beneficiary of the revenue generated from the endowment lands that were granted to Idaho at statehood. Others beneficiaries include the University of Idaho, State Hospital South and the state penitentiary.
Most of the $46 million disbursed to those groups in the most recent fiscal year came from timber sales.
From Bloomberg Businessweek: http://www.businessweek.com/ap/2012-08-09/idaho-lands-agency-reports-record-timber-harvest