Timberland’s Cash Yield vs. U.S. Treasuries: A 38-Year Gut Check
Introduction In December 2011, Forisk asked a simple question: how do timberland investment returns stack up against 10-year U.S. Treasuries, the classic “risk-free” benchmark? The answer then proved reassuring: over the 2001–2010 window, timberland investment vehicles, public and private, outperformed more…