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Tom Duffus

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Wall Street looks at all that land and sees it as undervalued. It's worth a lot more to them in a real-estate deal than as a source of fiber 40 years down the road.

Divide a section up from one industrial owner to 16 new owners (of 40-acre tracts) and you have a bunch of driveways and cabins and new roads and lights. It affects wildlife. It affects timber management. You lose the connectivity.

We are experiencing a sea change for conservation and forestry in America and in Minnesota.

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