That seems to be a common idea with the majority of the timber companies now. They can buy stumpage cheaper than they can raise it. Considering that a plantation usually takes close to 30 years to make a stand rotation and that a hurricane or fire can take it all out in a few hours it is a gamble. Land prices in our area area skyrocketing and land taxes are expensive for the companies also.
Just out of curiosity, was it IP land?