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Our forest resource management division was new to Farmers National Company last year and is based in Jacksonville, Texas. We provide a variety of services such as:
Demand for lumber due to a rebounding housing market is very good as is a new market in Europe for wood pellets. Wood pellets are being used for fuel in certain overseas markets to replace coal and other fossil fuels. They burn cleaner and leave less of a carbon footprint. These pellets are also being mentioned for possible use in biomass ethanol plants.
We currently manage over 200,000 acres of timberland in East Texas with tracts ranging from 10 to 8,000 acres.