In the past couple years, the South was hit with a series of hurricanes. Alabama was visited by Hurricane Ivan in 2004, then Dennis and Katrina in 2005. These storms had a tremendous impact on Alabama's forests, causing hundreds of millions of dollarsin timber destruction. Trees had tops broken out; they were blown over, and many were shattered beyond any further use. Thousands of families had their timber investments wiped out, devastating retirement plans and college funds. Then to top it off, these landowners hear that very little of the loss is deductible from their income taxes. What can a landowner do?
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