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Timber and Timberlands | 12 Months Ended
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Dec. 31, 2024
Timber And Timberlands [Abstract] |
Timber and Timberlands | NOTE 6. TIMBER AND TIMBERLANDS Timber and Timberlands consist of the following at December 31:
(in thousands) |  | 2024 |  |  | 2023 |
Timber and timberlands |  | $ | 2,263,991 |  |  | $ | 2,347,300 |
Logging roads |  |  | 93,160 |  |  |  | 93,098 |
Total timber and timberlands, net |  | $ | 2,357,151 |  |  | $ | 2,440,398 |
Depletion from company-owned lands was $62.2 million, $69.0 million, and $54.0 million in 2024, 2023, and 2022, respectively. Amortization of road costs, such as bridges, culverts and gravel surfacing, totaled $3.5 million, $3.6 million and $3.5 million in 2024, 2023, and 2022, respectively. In January 2024, we acquired approximately 16,000 acres of timberlands in Arkansas for approximately $31.4 million. We funded the acquisition with cash on hand. Additionally, on June 17, 2024, we completed the sale of 34,100 acres of four-year average age Southern timberlands to Forest Investment Associates for $56.7 million. Future payments due under timber cutting contracts at December 31, 2024 were $14.9 million.

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