JACKSON, Miss.--(BUSINESS WIRE)--The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, is pleased to announce, on behalf of a client, that it has permanently conserved 95 acres of forest in north Idaho. The property, located near Hall Mountain in the Kootenai Valley, was placed under a working forest conservation easement in January of this year. Conservation easements are voluntary and legally binding agreements that compensate landowners for limiting certain uses, such as development and subdivision, while still retaining private ownership.
This nationally ranked project was federally funded in part through the Forest Legacy Program. It was granted to the Idaho Department of Lands (IDL), the State agency responsible for conservation. Molpus plans to maintain these lands open to the public for no charge and provide for recreational opportunities such as hunting, hiking, biking, cross country skiing, and wildlife viewing.
"The Forest Legacy Program is a partnership with the State, landowners, and other partners to protect forests that are at risk of conversion to other non-forestry uses," said Bob Lyle, President of Molpus. “It ensures that working forests continue as such, while at the same time protecting water quality, providing wildlife habitat, and offering opportunities for recreation and other public benefits.”
The forest, located in the Kootenai River watershed, provides an important habitat for a wide variety of wildlife, including elk, moose, grizzly bear, mountain lion, Gray wolf, fisher, and a multitude of other species. It also offers seasonal and year-round habitat and flyways for many birds common to low elevation forests in northern Idaho.
“This tract is an important corridor for wildlife, as well as a forest enjoyed by many in the area,” said Ruth Cook, Director of Sustainability. “Molpus is committed to sustainable forestry and sound stewardship practices, and we look forward to managing it for multiple benefits, including species habitat conservation and enhancement, watershed protection, and recreation.”
Molpus manages all its forestlands to adhere to the Sustainable Forestry Initiative® (SFI) forest management standards. SFI Certification is based on principles that promote sustainable forest management, including measures to protect water quality, biodiversity, wildlife habitat, species at risk, and forests with exceptional conservation value. Being a good steward of the land is crucial for the long-term success and future growth of the company.
The Molpus Woodlands Group, LLC (Molpus), an SEC registered investment adviser, acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high-net-worth individual investors. Molpus currently manages approximately 1.8 million acres of timberland investments in 17 states. We incorporate environmental, social, and governance (ESG) policies and practices into investment analysis and decision-making. We believe our strong ESG initiatives have positive implications for the environment and the future of Molpus. Molpus was founded in 1996 as a timber investment management organization and has a company legacy dating back to 1905. Molpus is one of the oldest timber-related companies in the United States.
For more information, visit http://www.molpus.com/. Nothing herein constitutes an offer to sell or a solicitation of an offer to subscribe for or buy any security with respect to any fund.