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TIMBERLAND ACQUISITIONS | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
TIMBERLAND ACQUISITIONS | TIMBERLAND ACQUISITIONS During 2024, we acquired approximately 7,000 acres of U.S. timberland located in Florida and Georgia through three transactions for an aggregate value of $22.8 million, which were funded with cash on hand. During 2023, we acquired approximately 4,000 acres of U.S. timberland located in Florida, Georgia, Texas and Washington through six transactions for an aggregate value of $13.2 million, which were funded with cash on hand and like-kind exchange proceeds. We also incurred approximately $0.9 million of additional costs associated with acquisitions completed in the prior year. Additionally, during 2023, we acquired approximately 1,000 acres of leased timberland in New Zealand. The following table summarizes the timberland acquisitions for the years ended December 31, 2024 and 2023:
| 2024 |  | 2023
| Cost |  | Acres |  | Cost |  | Acres
Alabama (a) | — |  |  | — |  |  | $231 |  |  | — |
Florida | 15,660 |  |  | 5,175 |  |  | 4,809 |  |  | 2,194 |
Georgia (a) | 7,093 |  |  | 1,966 |  |  | 333 |  |  | 16 |
Louisiana (a) | — |  |  | — |  |  | 74 |  |  | — |
Texas (a) | — |  |  | — |  |  | 5,024 |  |  | 1,317 |
Washington | — |  |  | — |  |  | 3,591 |  |  | 353 |
New Zealand | — |  |  | — |  |  | — |  |  | 1,156 |
Total Acquisitions | $22,753 |  |  | 7,141 |  |  | $14,062 |  |  | 5,036 |
(a)Includes costs incurred in 2023 associated with acquisitions completed in the fourth quarter of 2022.

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