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TIMBERLAND ACQUISITIONS | 12 Months Ended
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Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
TIMBERLAND ACQUISITIONS | TIMBERLAND ACQUISITIONS In 2021, we acquired approximately 100,000 acres of U.S. timberland located in Florida, Georgia, and Texas through seven transactions for an aggregate value of $168.2 million, which were funded from operating cash flow, proceeds from the sale of the Timber Funds business and use of the Company’s at-the-market equity offering program. Additionally, during 2021, we acquired approximately 3,000 acres of timberland (including approximately 1,000 acres of leased land) in New Zealand for approximately $10.9 million. These acquisitions were funded from operating cash flow. In 2020, we acquired approximately 13,000 acres of U.S. timberland located in Alabama, Georgia, and Louisiana through three transactions for an aggregate value of $24.2 million. Approximately $24.1 million of these acquisitions were acquired using like-kind exchange proceeds while the remaining $0.1 million were funded from operating cash flow. Additionally, during 2020, we acquired approximately 2,000 acres of timberland (including approximately 2,000 acres of leased land) in New Zealand for approximately $0.5 million. These acquisitions were funded from operating cash flow. The following table summarizes the timberland acquisitions for the years ended December 31, 2021 and 2020:
| 2021 |  | 2020 (a)
| Cost |  | Acres |  | Cost |  | Acres
Alabama | — |  |  | — |  |  | $100 |  |  | 56 |
Florida | 31,342 |  |  | 24,153 |  |  | — |  |  | — |
Georgia | 38,339 |  |  | 24,776 |  |  | 18 |  |  | 20 |
Louisiana | — |  |  | — |  |  | 24,123 |  |  | 12,558 |
Texas | 98,507 |  |  | 51,568 |  |  | — |  |  | — |
New Zealand | 10,927 |  |  | 2,676 |  |  | 454 |  |  | 2,378 |
Total Acquisitions | $179,115 |  |  | 103,173 |  |  | $24,695 |  |  | 15,012 |
(a)Excludes acres and costs related to the Pope Resources merger. For more information on assets and liabilities acquired see Note 2 - Merger with Pope Resources.

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