The Oregonian: When the land's worth more than the trees
GLENWOOD, Wash. -- For 100 years, Ponderosa pines nourished this logging town of 500 nestled along Mount Adams' southeastern flank. But in the past few years, a change has taken over the woods, unsettling residents and their relationship with the land.
Here and throughout the Pacific Northwest, investors have been buying millions of acres of forestland, betting on big payouts for their clients -- pension funds, university endowments and foundations.
