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However, the cost of acquiring the 4, 488 -acre Headwaters Forest 

 represents more than half the total Land and Water Conservation 

 Fund (L&WCF) dollars appropriated nationally for National 

 Forest acquisitions during the entire history of the L&WCF. 

 The Administration is interested in exploring a number of 

 possible alternatives to purchasing land including conservation 

 easements, land donations, and land exchanges to accomplish the 

 objectives of this legislation. 



It should be noted that coastal redwood is a species in high 

 demand, with a limited supply, as nearly all of the coastal 

 redwood harvested and sold in the world originates in Northern 

 California. As a result, the price of redwood is increasing 

 more rapidly tham other species. 



Under current management, Pacific Lumber Compcmy annually 

 harvests about 200 million board feet of timber from their 

 approximately 191,000 acres of timber lands. However, this 

 volume will decline as available old-growth is cutout over the 

 next decade. Until the land meuiagement plans for the area are 

 developed, we cannot estimate the volumes and revenues that 

 might be realized if the lands were placed into pviblic 

 ownership as proposed. 



The bill provides for the development of a comprehensive 

 management plan within one year of enactment. Development of 

 such a plan would require: 1) public involvement as required by 



