Belmontx; I do believe TATF is paying the owners of the '93 teak for their 7 year thinnings. However, based on some calculations that I reported in a previous post, at recent usage rates, it will take Raleo several years to finish paying owners of '93 teak for their 7 year thinnings.
Also, the 13 year teak that can supposedly be sold in world markets for $3.00 per board foot on average is almost certainly coming from the Brunners' 1992 teak, and will be for some time to come.
Continuing my calculation from post 603, if the Brunners planted 40,000 1992 teak for their own account, they should have thinned 6,000 trees at the 13 year thinning.
At 118 board feet per tree, per TATF's projections, this works out to 708,000 board feet. If TATF is truly trying to sell this at an average price of $3.00 per board foot, it will be years before they can sell all of it, and owners of the 1993 and later teak can start getting paid for their 13 year thinnings.
In short, I think we can all expect to wait for several more years before we see any payments from TATF. I'm still hopeful, however, that we will eventually start to receive payments.
A1
