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Reports - Mississippi Renewal

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102 | AGRICULTURE, FORESTRY, AND MARINE RESOURCESmillion for the Emergency ForestryConservation Reserve Program to assistnon-industrial private forest landownersand to assist the states reforestationefforts. To qualify for assistance underthis program, private non-industriallandowners should be required to:■ sign a contract with the <strong>Mississippi</strong>Forestry Commission agreeing toimplement a reforestation and forestmanagement plan prepared bythe county forester or prepared by aregistered forester and approved bythe county forester;■ show a loss, caused by HurricaneKatrina, of 35 percent or more ofmerchantable timber;■ own a tract of forested land of at least20 acres prior to the declaration ofthe Presidential Disaster Area.Oversight of the requirements shouldbe provided by county foresters. Uponapproval, landowners would be eligibleto receive 60 percent of the value oftrees lost as a direct result of HurricaneKatrina. Half of the total compensationdue would be paid to the landowner upfront and the other half would be paidafter completion of the terms of the reforestationplan, which must be completedby March 31, 2010. Compensationwould be subject to a $250,000limit and be tax exempt. The $250,000limit, however, will not apply to 16thSection school trust lands and otherqualifying state lands.Additional Reforestation ProgramsTo provide further incentive programsto assist the state and privatelandowners, the Commission recommendsthe following proposals. To createa reforestation program for 600,000acres, we suggest the federal governmentprovide:■ $100 million to fund the HealthyForests Reserve Program, a programwithin the Natural Resources ConservationService, to restore 160,000acres. The program can provide thegreatest benefit to the private landownerby allowing the land-ownerto utilize cost-share to restore theforests and utilize an easement paymentto help offset income loss.■ $10 million to the Department ofthe Interior’s Fish and Wildlife’sPartners for Fish and Wildlife Program,to restore 30,000 acres.■ $10 million to the Farm ServiceAgency’s Tree Assistance Program,to restore 30,000 acres. Utilizing thefunds appropriated for this program,adequate funding would be dedicated,with waiver of the cost-sharingrequirement, for the reforestation of16th section school lands.■ $10 million to the Landowner IncentiveProgram, a program of the<strong>Mississippi</strong> Department of Wildlife,Fisheries, and Parks, to restore30,000 acres.■ $15 million to the Forest Land Enhancement/StewardshipProgram, aprogram of the <strong>Mississippi</strong> ForestryCommission, to restore 50,000acres.■ $6 million to fund the EmergencyRestoration Tax Credit Program, anew program which should be authorizedby Congress for natural disasters.The funding would go to the<strong>Mississippi</strong> Forestry Commissionand the <strong>Mississippi</strong> Department ofWildlife, Fisheries, and Parks to restorean estimated 300,000 acres.Emergency ReforestationTax CreditThe Commission recommends thatCongress enact federal income tax cred-

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