ACTG 2010 Lecture Notes - Lecture 12: Canfor, Executive Council Of British Columbia, Tree Farm
12 Jul 2016
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Document Summary
It"s been six years after the family had moved into canada. The family has been running the pacific veneer plant and other coastal logging operations. Through experience in the industry, the father and uncle have learned that there was a difference in timber holdings in the united states. Lumber manufacturers were not land owners in the states, they bought from the federal/state government and private owners. The ownership was split evenly among these three groups. In bc, the government had owned 95% of total timber. It was essential in canada to access crown timber. The father looked for ways to get a larger supply of logs, the partnership between them and. John beene did not want to be farmers and wanted to be in manufacturing rather than investing in timber. The father and uncle then proceeded to buy out the company which put them into a debt but it was the right option.
