Stanley M. Kurzet and Anne L. Kurzet - Page 10

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            timber on the timber farm in 1945.  The most recent harvest of                            
            timber on the timber farm occurred in 1975.                                               
                  Douglas fir and spruce trees are typically cut or harvested                         
            by commercial foresters once every 35 to 60 years.                                        
                  In prior years, the timber farm also was used to raise                              
            cattle and as a dairy farm.                                                               
                  Petitioners’ timber farm was typical of other timber farm                           
            property located along the Oregon coast.  Such timber farm                                
            property is typically used to grow and cut timber, to grow hay,                           
            and to raise cattle.  Typically, timber farmers make the decision                         
            when to cut and harvest timber based on the price of timber and                           
            their individual financial needs.                                                         
                  Petitioners' timber farm is bordered on all sides by                                
            commercial timber property, most of which is owned by Georgia                             
            Pacific Corp., which has been commercially cutting and harvesting                         
            timber on the adjacent property for a number of years.                                    
                  At the time of petitioners' purchase of the timber farm, the                        
            roads, houses, and barns located on the timber farm were in                               
            significant disrepair and were inadequate for continued                                   
            occupancy.                                                                                
                  Petitioner initiated many projects to improve the timber                            
            farm.  The small houses and barns were repaired and improved.                             
            Poisonous plants in the pastures were eradicated and a water                              
            reservoir was constructed.  Junk cars and junk farm machinery                             
            located on the timber farm were removed and hauled to the dump.                           




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