I have seen some advertising recently for a company that you pay a fee to plant tropical hardwoods for you. Then you sit around and wait 25 years and they harvest it. You can then use it or sell it. It sounds like an interesting idea but I can also see all kinds of problems that would need to be solved for it to work smoothly. Has anyone ever heard of this or done it? Is it a scam?
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Replies
Do you really trust any of the Banana Republics ?
Governments can change in a week, let alone 25 years.
I would rather invest in the salvation of American Elm, Ash and American Chestnut.
Beside that, in 25 years I'll be 85.
Work Safe, Count to 10 when your done for the day !!
Bruce S.
Edited 1/28/2009 9:05 pm ET by BruceS
Tell ya what. Send the check to me instead. In 25 years (if I'm alive, and at the same address, and doing business under the same name, and not bankrupt) I'll send you a couple of tree's worth or wood.
Of course, there will be a cutting charge, as well as milling fees, and shipping and handling, probably some permits, and international trade concerns.
And certainly there can be no expectation on your part regarding the eventual grade or quality of the lumber -- might be FAS, might be pulp.
Certainly I have no knowledge of the advertisements you've seen. It's possible that they are from a firm that is 100% reputable, ethical, and good.
But how you gonna know for sure?
I told my broker I am putting all my money in Coffee futures. . . .
You put the money in a coffee can and hope it is there in the future.
The particular advertisement I saw was for a company called Hawaiian Legacy Hardwoods, located in the United States. Their website talks a good game and I was actually interested in hearing from anyone who has looked into them or done business with them. The idea itself is pretty interesting. I always read about people questioning the sustainability of some species of timber, both tropical and domestic, but how may woodworkers out there actually take that into consideration when buying lumber?I was just at my local lumber supply the other day and loaded up on some good deals and beautiful boards. I shopped for species, grain, color, price, size, shape, etc but it always seems the sustainability of the species is furthest from my mind. Now here is a company that seems to be doing something about it and it has piqued my curiosity.Yes Maam asked how I'm going to know for sure whether this company is reputable or not. I would reply with the same question, how do you know the places you store your money is with a reputable business? Recently lots of people lost lots of money because they weren't. In time like these the coffee can idea would be pretty safe but the return is low.Now here is a possible opportunity that mixes making money with woodworking and conservation. Am I the only one interested? Is there anyone here that has invested with a company that does this sort of thing? If so I hope to hear from you.
I am not interested in investing in anything at the moment but.. I would call the Hawaii Department of Foresty and check to see if they know who the company is and have any information before I put a dollar into it.
Good luck...
Sarge..
Edited 2/1/2009 11:04 pm ET by SARGEgrinder47
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