Tree farm business management for small private landowners (those who own about 40 to 4,000 acres). This practical guide to making money in small-scale forestry is written by the major seller of open market timber in the South, who is also publisher of a quarterly newsletter which is the most widely read publication in the business. In this new edition of Tree Farm Business Management, forester Vardaman covers the basics of the business and discusses costs of management and operations, accounting procedures, tax and legal considerations, selling timber, and the role of the big timber companies. Includes case studies of successful timberland investors.