Timber is usually taxed as a long-term capital gain, so landowners can subtract their cost basis when figuring tax liability. But if landowners don’t have this basis, they have to pay tax on the full amount of the sale.
Establishing a timber tax basis can save money
MU Extension is part of an interagency task force preparing for the arrival of the Emerald Ash Borer (EAB) in Missouri. Now that he has been confirmed in the Show-Me State, a response guided by the Missouri Emerald Ash Borer Action Plan was recently implemented by the task force. It is hoped a proactive approach through education and public awareness will greatly help reduce the bug’s impact in Missouri.
Mystery of Infamous 'New England Dark Day' Solved by Tree Rings
Erin McMurry, research assistant in the MU College of Agriculture, Food and Natural Resources' Tree Ring Laboratory, and colleagues base their conclusion on tree ring records from fire-damaged trees around North America. In the International Journal of Wildland Fire, the researchers report that 1780 was a big year for forest fires in eastern North America, due in part to drought around the Great Lakes.
Chung-Ho Lin, research assistant professor with the MU Center for Agroforestry, has found that red cedar leaves and fruit have compounds that might help fight bacteria, fungi, agricultural pests and weeds, and malaria.
Alumni and Horticulturalists Work to Save a Historic Missouri Bur Oak
A survivor of uncounted tornadoes and lightning strikes, the 90-ft. tall, 91-inch wide tree was stressed. Probably the second largest bur oak in the nation, the soil around it has been compacted by cars and some of its dead limbs were infested with wood decay that threatened the other branches and trunk.