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Neal Land and Timber property swap; buyers look at sawmill

by Teresa Eubanks, Journal Editor

Some changes are in the works for Neal Land and Timber Company after a recent land swap and a possible sawmill sale.

The company’s executive vice-president, Philip McMillan, said, “We traded our river bottom lands for acreage in Alabama.” The swap, which took place last week, involved approximately 40,000 acres and resulted in the acquisition of more pine timberlands.

“We’ve got the same amount of land as when we started,” he said, explaining, “It’s just in different places.”

He said the local property that was traded is going to a private company. He was quick to point out, “There were all kinds of rumors that the state bought the land. That has not happened.”

He said the company still owns over 42,000 acres in Calhoun, Liberty, Gulf, Gadsden and Washington counties.

“We will continue to harvest timber and lease hunting rights for now,” he said. “At this point, everything’s just like it’s always been. We’re going to continue to grow trees like we’ve done for the past 94 years.”

He added, “Neal Land and Timber is still very viable.”

Buyers are also looking over Big River Cypress and Hardwood, the Hwy. 71 North sawmill that the company owns an interest in. McMillan acknowledged visitors had been to the Blountstown site and noted “there is some activity there” but said he was not aware if anything had been decided.

Without going into detail, McMillan indicated that “some things are still playing out” for the company.

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Date
December 16th, 2016

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Staff

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