News From the Northwest Illinois Forestry Association
The Northwest Illinois Forestry Association (NIFA) will hold their monthly meeting Tuesday, January 14th, 7:00 PM, at the Stockton Public Library, 140 W. Benton Ave., in Stockton. NIFA members and the general public are encouraged to attend. After a short business meeting and finalizing this year’s agenda of meetings and field trips, Extension Educator Jay Solomon will report and review the recent Biomass Heating Symposium held at Highland Community College. Mr. Solomon will cover what was presented and invite a discussion of biomass heating opportunities in northwest Illinois.
To reach the Stockton Library, take Main St. (Hwy 78) through Stockton to the north edge of the downtown business district. Turn west on W. Benton Ave. between Bauer’s Insurance and The Corner Tap. The Library is on the southeast corner at the end of the first block. There is no charge to attend this meeting.
Two financial assistance programs for forest landowners are being publicized by the NRCS currently -
There is some additional EQIP funding for forest management plan updates and associated practices for landowners specifically in JoDaviess, Stephenson, North half of Carroll, and the West half of Winnebago counties; as well as a small portion of Whiteside and Ogle counties. This should be of interest to those whose plans will expire or have expired recently. If interested contact your county NRCS office and mention the “Driftless Area Lands Conservation Initiative Special EQIP Funding.”
Also, the 2014 open enrollment in the NRCS Conservation Stewardship Program (CSP) for financial assistance with a variety of practices has a closing deadline of January 17th. To learn more about the CSP, contact your county NRCS office or visit www.il.nrcs.usda.gov where you can find a self-screening checklist to determine suitability to your situation.
From the Hardwood Tree Improvement Center newsletter:
If you have done reforestation tree planting or sold timber on your property in 2013, you may be able to reduce your income tax liability. Plantings done for timber production may qualify for an expense deduction and amortization of additional expenses. Timber sale income may qualify for capital gains tax rates and some of the income subject to tax may be offset by establishing a cost basis for the timber and assigning a depletion allowance reflecting the cost basis of the timber sold. Here are some resources that can help you understand your options.
An excellent reference for tax management for forest landowners is the National Timber Tax website: http://www.timbertax.org.
The Walnut Council and the Forest Service have published the proceedings from the Seventh Walnut Council Research Symposium (2011) that includes 14 papers and abstracts relating to economics and utilization, pest management, nursery production, plantation establishment, tree improvement, stand management, agroforestry, and nut production of black walnut, related Juglans species, and other high value hardwoods. At http://www.nrs.fs.fed.us/pubs/43788, one can download (7 GB) it at no charge or order a printed copy.
Emerald Ash Borer
Extension Educator Jay Solomon has informed us that the Emerald Ash Borer has been confirmed at Apple Canyon Lake in Jo Daviess County. While this extends the quarantine of ash wood and logs across the entire northern third of Illinois to the Mississippi River, ash can now move freely between Illinois and Iowa since the eastern quarter of Iowa was already under quarantine. For more information on this destructive pest and a map of the quarantine area and confirmed sites, visit http://www.illinoiseab.com/.