A very long and very in-depth piece by Oregon Public Broadcasting, the Oregonian and ProPublica.
“The Rise of Wall Street Forestry Leaves Oregonian’s Paying the Tab.”
“Half of the 18 counties in Oregon’s timber-dominant region lost more money from tax cuts on private forests than from the reduction of logging on federal lands, the investigation shows.”
“The singularly focused narrative, the only one most Oregonians know, masked another devastating shift for towns like Falls City.”
“Wall Street real estate trusts and investment funds began gaining control over the state’s private forestlands. They profited at the expense of rural communities….”