Yearly Report :: Greenplan

Forest Data For 2003 Plantings

Partnership Name	Average Prune Height (APH)	Pruned SPH	Average DV	Average Tree Height
Woodview Partnership 58	3.0000	372.0000	18.0000	9.0000
Whitecliffs Partnership 59	5.1000	373.0000	16.4000	10.2000
Pinegrove Partnership 60	5.2000	358.0000	17.0000	11.2000
Pinegrove Partnership 61	5.1000	386.0000	16.5000	10.2000
Greatwood Partnership 57	4.9000	364.0000	17.8000	9.5000

Key Management Activities Completed 2009 Begin second lift pruning operations GPS mapping of forest boundaries, identify fences and tracks Continued observations of forest health and monitoring for pests Spraying for Dothistroma pini in infected forests Key Management Activities for 2010 Complete all second lift pruning Assess timing of third lift pruning operations GPS mapping of forest boundaries, identify fences and tracks Continued observations of forest health Identify and destroy pests Average unit price * Prices listed in Thousands Secondary Market Activity Sold Since: 1 January 2009 Average Price: $6,060 Price Range: $5,000 - $6,800 Number Sold: 5 Forest Manager's Comments: For second lift pruning operations we will target a 5.0 metre prune lift ensuring each tree retains a minimum green crown of 3.5 metres, we also aim for an average stocking of 350 sph (stems per hectare). Completion of second lift in Greatwood 57 is scheduled for May 2010, we will also look at completing second lift pruning in Woodview 58 around the same time. First lift pruning in Scotts Bush No. 63 commenced in April 2009. Forest data collect by GFM Ltd show positive results; final pruning is scheduled for early 2011. Grazing of sheep has commenced in most of the Partnerships. The grazing process not only assists with operational work but also keeps grass short for the drier summer months when fire risks are greatest. GFM Ltd Forest Manager April 2010

Key Management Activities Completed 2009

Begin second lift pruning operations
GPS mapping of forest boundaries, identify fences and tracks
Continued observations of forest health and monitoring for pests
Spraying for Dothistroma pini in infected forests

Key Management Activities for 2010

Complete all second lift pruning
Assess timing of third lift pruning operations
GPS mapping of forest boundaries, identify fences and tracks
Continued observations of forest health
Identify and destroy pests

Average unit price

* Prices listed in Thousands

Secondary Market Activity

Sold Since: 1 January 2009
Average Price: $6,060
Price Range: $5,000 - $6,800
Number Sold: 5

Forest Manager's Comments:

For second lift pruning operations we will target a 5.0 metre prune lift ensuring each tree retains a minimum green crown of 3.5 metres, we also aim for an average stocking of 350 sph (stems per hectare). Completion of second lift in Greatwood 57 is scheduled for May 2010, we will also look at completing second lift pruning in Woodview 58 around the same time. First lift pruning in Scotts Bush No. 63 commenced in April 2009. Forest data collect by GFM Ltd show positive results; final pruning is scheduled for early 2011.

Grazing of sheep has commenced in most of the Partnerships. The grazing process not only assists with operational work but also keeps grass short for the drier summer months when fire risks are greatest.

GFM Ltd
Forest Manager
April 2010