Investment Statement
See Product Disclosure Statement.
Investment Unit
The name given to an investment parcel in a Forest Enterprises’ forestry investment. Typically each investment unit comprises 200 shares in a Limited Partnership. Investors can purchase more or less shares in the same or different forests.
JAS – Japanese Agricultural Standard
The Japanese Agricultural Standard (JAS) cubic metre is a global industry standard measurement of log volume. JAS is a measure of useable log volume rather than weight. It is an attempt to measure the volume of the log available to the saw miller, involving special methodologies of assessing log diameter and length. Export log grades [...]
Landing / Skid site
Areas within a forest where harvested logs are processed and loaded onto trucks for transport to a port or mill.
LiDAR
LiDAR, or light detection and ranging, is a relatively new remote sensing survey method, using a pulsed laser to calculate an object’s variable distances from the earth surface. LiDAR can be used to complement ground-based tree crop inventory and reduce the overall cost of obtaining area and crop condition data and information.
Limited Partnership
The investment structure for most Forest Enterprises’ investments is a Limited Partnership (LP), comprising multiple Limited Partners who are the investors, along with one General Partner (GP). Read this helpful guide on Limited Partnerships from law firm DLA Piper New Zealand.
Limited Partnership Agreement
A Limited Partnership must have a written partnership agreement which sets out the matters agreed between the parties in respect of the operation of the Limited Partnership and the conduct of its business.
m3/ha
Cubic metres of timber per hectare.
Mid Rotation Inventory
An inventory of the trees halfway through a crop's life cycle, involving the measurement and analysis of a randomly selected sample based on area, often at an intensity of 1% of total area. The data is used to ‘grow on’ the crop to maturity using computer modelling to give an estimate of log grade and [...]
Net Stocked Area
The actual area of land in the forest that has the treecrop on it.