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We have compiled an exhaustive list of timberland investment management organizations (TIMOs) and timberland real estate investment trusts (REITs) and used USDA Forest Service, Forest Inventory Analysis data to quantify their acreage, distribution, dynamics, and management practices. We find that TIMOs and REITs own/manage about 16 million ac or 10% of the timberland across 11 southern states and that they manage these forests in a sustainable fashion in terms of growth-to-removals and reforestation. Furthermore, TIMOs and REITs own/manage more forest plantations than other owners and harvest more hardwood than is grown. Most of the timberland owned and managed by TIMOs and REITs, located mainly in the southern coastal plain and Piedmont regions, were previously owned by forest industry firms.

The paper studies the relationship in the field of forest management and protection of forest lands. It determines the ways to improve the concepts of forest, forest area, and rational use of forest lands. The experience of the Soviet period is studied. The distribution of forests on the territory of Russia and composition of the forest fund are considered. The authors give the recommendations aimed to improve forest management and protection of forest lands.