BlueSource Sustainable Forest Co. Buys 29,019 Acres of Forestland in Michigan

Bluesource Sustainable Forest Co. (BCFC) announced today (10-24-22) that it has purchased 29,019 acres of forestland in the Upper Peninsula of Michigan from The Lyme Timber Company. The land is located across the counties of Alger, Chippewa, Luce, Mackinac, and Schoolcraft.

The land will be part of 90+ North American forest carbon projects covering over 4-million acres that Anew Climate, LLC currently manages in partnership with landowners. Eleven of those locations are already located in Michigan.

In a press release, Anew said that the acquired properties will be managed under sustainable working forest practices that prioritize carbon sequestration and long-term forest health while maintaining a level of commercial harvest that supports the local economy and the climate.

When BSFC is ready, they plan to initiate a selective logging operation below annual growth levels. According to BSFC, this will allow the forests to continue to be working forestlands to support the local economy and produce high value forest products, while also developing carbon credits. BSFC says that visits to the project area have identified many opportunities for the ecosystem through this protection.

BSFC says it will ensure that the land will remain open for public recreational access and sustainably managed for the benefit of both people and wildlife.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.