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Kentucky Tree Farm System |
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Tax Tips for Forest Landowners for the 2011 Tax Year- This bulletin summarizes Federal income tax provisions related to wodland property, for use by woodlan oners in preparing their 2011 individual tax return. It is current as of Sept. 15, 2011 and supersedes Management Bulletin R8-MB 136. It is for educational use only. Consult your tax advisor for more information.
If you experienced one of these natural disasters on or after January 1, 2010, and you had an existing forest that has been impaired or endangered, then you can sign up starting on or after December 6, 2010 at your county Farm Service Agency office (Service Center Locator: http://offices.sc.egov.usda.gov/locator/app?state="us&agency=fsa
After you submit your application, FSA will make the determination as to whether to designate a natural disaster for the EFRP program. If the designation is made, then your application will be reviewed. If approved, landowners can receive up to 75% reimbursement of funds used to implement approved emergency forest restoration practices.
It is important to submit an application as soon as possible as the funds are distributed on a first come, first serve basis. So if you apply early and your application is approved, you are more likely to get funding. After the $18 million is distributed, Congress will need to appropriate additional funding for the EFRP program. For more information about the program, including its Fact Sheet, visit: http://www.fsa.usda.gov/FSA/webapp?area="home&subject=copr&topic=ecp.
***New National Analysis on Forest Stewardship - How the Farm Bill Has Improved Conservation***
Get Involved at the Local and State Level
West Star Logging, Chris Conrad Sacramento, KY
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