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Friday, July 23, 2010 - Timber Taxation and Estate Planning (pre-conference session):

07:30 am: Registration begins and Complimentary Continental Breakfast (pastries, fruit, coffee, orange juice, water and soft drinks).

08:00 am: (15 minute break every 90 minutes)

• The Federal income tax and forestry management issues including terminology
• Record keeping requirements for capital expenditures and annual expenses plus Form T (Timber)Reforestation Expenses, MACRS and the Section 179 Business education
• Forestry Operating and Management Expenses and the Passive Activity Loss Rules
• Capital Gains Treatment of Timber Sale and other Timber-related Income
• Exclusion of Cost-Share Payments Under Section 126Tax-Free Like-Kind Exchanges
• Casualties, Thefts, Condemnations, and Involuntary Timber Losses

12:00 pm: Complimentary Lunch (SAU Cafeteria style with large variety)

01:00 pm: (15 minute break and refreshments every 90 minutes)

• Introduction and Application of Estate Planning to Forestry
• Federal Estate and Gift Tax Process
• Valuation of Assets for Estate and Gift Purposes
• The Legal Process
• Use of the Marital Deduction in Estate Planning
• Disclaimers, Settlements and Elections
• Gifts of Forestry Assets
• Application of Specific Estate Planning Tools
• Role of Trusts
• Life Insurance
• Special Use Valuation (IRC Section 2032A)
• Deferral and Extension of Estate Tax Payments (IRC Section 6166)
• Timberland Ownership and Organization
• Benefit of Planning a Forested Estate

05:00 pm: Adjourn

05:15 pm: "Early Field Tour" of the Reynolds' Pine Plantation as summarized in Saturday's conference field tour below. Special option for those who cannot attend Saturday's conference field tour (indicate selection on registration); you are also welcome to attend both, as the evening walk is enjoyable in itself. Restrooms and changing rooms at Reynolds' Farm.

06:00 pm: Complimentary dinner and social at Reynolds' Farm with live music and open bar. The grille will be open for steaks cooked to your order between 6 - 9 pm. You are welcome to show up early anytime after 4 pm to relax and enjoy the farm until 11 pm. Click here for pictures of the farm: Dinner & Entertainment. Click here for Directions to Reynolds Farm.

 Saturday, July 24, 2010 – Magnolia Timberland Conference

“Managing for tomorrow Today”:

7:30 am:  Registration and Continental Breakfast (pastries, fruit, coffee, orange juice, water and soft     drinks)

8:30 am:    Welcome - Max Braswell, AFA Executive Vice-President;              

                 Introduction - Colleen Morphew and Teddy Reynolds

9:00 am:    “What’s Ahead for Residential Markets in 2011 and 2012” - Kermit Baker

10:15 am:   Break & Refreshments

10:30 am:   “Recovering Timber Markets” - Tom Harris

11:45 am:   Complimentary Lunch (SAU Buffet with large variety)

12:45 pm:   “What’s Ahead for the Forestry Commission” - John Shannon, AFC State Forester

12:55 pm:   "Timber Industry in the Senate" - Blanche Lincoln, US Senator, State of Arkansas

1:00 pm:    “Holding Forest Managers Accountable to Financial Returns” - Teddy Reynolds

2:00 pm:    Break & Complimentary refreshments

2:15 pm:    “Taxation and Legislative Uncertainties” - Harry Haney

3:15 pm:    Panel Discussion on Legislative Uncertainties with Senator Blanche Lincoln and Harry Haney

3:30 pm:    Refreshment break

3:45 pm:    Conference Field Tour - Depart for Reynolds' Pine Plantation field tour. Assemble in parking lot    across street from Reynolds Center and caravan 5 miles to Reynolds' Farm where there is plenty of parking. Changing rooms and restrooms available at Reynolds' Farm.

"Conference Field Tour" consists of a well maintained circular 1/2 mile cleared and pruned trail through a six year pine plantation averaging 7 inches dbh and an eight year old natural mixed stand averaging 5 inches dbh; during the tour you will see the side-by-side comparison of subsoiled and straight planted seedlings for four different 2nd generation seed sources (Atlantic coastal, Texas native, Arkansas native, and Louisiana native); you will also see the effect of pre-commercial thinning versus not pre-commercial thinning volunteer pine seedling from planted pine stands.

                        Dual seat rangers with drivers available for handicapped (to ensure ranger seating indicate on registration page).

                        Dinner will also be served at Reynolds Farm following the field tour with open bar. Restrooms and changing rooms at Reynolds' Farm.

05:30 pm:        Complimentary Dinner and Social at Reynolds' Farm with open bar and Karaoke until no-one is left. Dine while watching deer, buffalo and other unique animals. Hot tub for those who need to relax anytime after 3:45 pm.  Complimentary dinner and social at Reynolds' Farm with open bar and Karaoke until no-one is left. Dine while watching deer, buffalo and other unique animals. Six person hot tub with 199 jets and 15 horse-power for those who need to relax. You are welcome to show up early to relax anytime after 3:45 pm. Click here for pictures of the farm: Dinner & Entertainment. Click here for Directions to Reynolds Farm.