Our timber operations are comprised of our core timberland holdings, which are disaggregated into three geographically distinct reporting segments:
−Removed: Southern Timber, Pacific Northwest Timber and New Zealand Timber in addition to our timber fund holdings, which represents our ownership in Timber Funds II, III and IV.
+Added: Southern Timber, Pacific Northwest Timber and New Zealand Timber.
+Added: As of December 31, 2021, we have fully disposed of our timber fund holdings, which represented our ownership in Timber Funds II, III and IV.
+Added: For additional information on the disposition of our timber fund holdings, see Note 7 — Noncontrolling Interests .
The following table provides a breakdown of our timberland holdings as of September 30, 2021 and December 31, 2021:
Core Timberland Holdings
−Removed: (acres in 000s) As of September 30, 2020 As of December 31, 2020
+Added: (acres in 000s) As of September 30, 2021
+Added: As of December 31, 2021
Owned Leased Total Owned Leased Total
16 unchanged sentences
As of December 31, 2021, legal acres in New Zealand were comprised of 296,000 plantable acres and 123,000 non-productive acres.
−Removed: Timber Fund Holdings
−Removed: (acres in 000s) As of September 30, 2020 As of December 31, 2020
+Added: Timber Fund Holdings (a)
+Added: (acres in 000s) As of September 30, 2021
+Added: As of December 31, 2021
Total Look-through Total Look-through
Oregon 18 4 — —
−Removed: Washington 71 9 71 9
−Removed: California 19 1 19 1
Total 18 4 — —
+Added: (a) As of December 31, 2021, we have fully disposed of our timber fund holdings, which represented our ownership in Timber Funds II, III and IV.
+Added: For additional information on the disposition of our timber fund holdings, see Note 7 — Noncontrolling Interests .
Total Timberland Under Management
−Removed: (acres in 000s) As of September 30, 2020 As of December 31, 2020
+Added: (acres in 000s) As of September 30, 2021
+Added: As of December 31, 2021
Southern 1,739 1,798
1 unchanged sentence
New Zealand 418 419
−Removed: Timber Funds 141 141
+Added: Timber Funds (a) 18 —
Total 2,665 2,707
+Added: (a) As of December 31, 2021, we have fully disposed of our timber fund holdings, which represented our ownership in Timber Funds II, III and IV.
+Added: For additional information on the disposition of our timber fund holdings, see Note 7 — Noncontrolling Interests .
The following tables detail changes in our portfolio of owned and leased timberlands by state from December 31, 2020 to December 31, 2021:
(acres in 000s) Acres Owned
−Removed: December 31, 2019 Acquisitions Sales Other (a) December 31, 2020
+Added: December 31, 2020
+Added: Acquisitions Sales Other December 31, 2021
Alabama 223 — — — 223
2 unchanged sentences
Louisiana 140 — — — 140
−Removed: Mississippi 67 — (67) — —
Oklahoma 92 — — — 92
6 unchanged sentences
503 — (17) — 486
−Removed: New Zealand (b) 185 — — — 185
+Added: New Zealand (a) 185 2 — — 187
Total 2,269 102 (33) — 2,338
−Removed: (a) Includes adjustments for land mapping reviews.
−Removed: (b) Represents legal acres owned by the New Zealand subsidiary, in which Rayonier has a 77% interest.
+Added: (a) Represents legal acres owned by the New Zealand subsidiary, in which Rayonier has a 77% interest.
(acres in 000s) Acres Leased
−Removed: December 31, 2019 New Leases Sold/Expired Leases (a) Other (b) December 31, 2020
+Added: December 31, 2020
+Added: New Leases Sold/Expired Leases (a) Other (b) December 31, 2021
Alabama 14 — — — 14
4 unchanged sentences
Pacific Northwest
−Removed: Washington — 4 — — 4
−Removed: New Zealand (c) 229 3 — — 232
+Added: Washington (c) 4 — — — 4
+Added: New Zealand (d) 232 1 (1) — 232
Total 388 1 (10) (10) 369
(a) Includes acres previously under lease that have been harvested and activity for the relinquishment of leased acres.
−Removed: (b) Includes adjustments for land mapping reviews.
−Removed: (c) Represents legal acres leased by the New Zealand subsidiary, in which Rayonier has a 77% interest.
+Added: (b) Includes acres previously under lease that we have acquired as fee ownership.
+Added: (c) Primarily timber reservations acquired in the merger with Pope Resources.
+Added: (d) Represents legal acres leased by the New Zealand subsidiary, in which Rayonier has a 77% interest.
The following table details activity in our timber fund holdings by state from December 31, 2020 to December 31, 2021:
−Removed: (acres in 000s) Acres Owned
−Removed: December 31, 2019 Acquisitions Sales Other December 31, 2020
+Added: (acres in 000s) Acres Owned (a)
+Added: December 31, 2020
+Added: Acquisitions Sales Other December 31, 2021
Oregon 18 — (18) — —
13 unchanged sentences
Look-through share of Funds 17 — (17) — —
+Added: (a) As of December 31, 2021, we have fully disposed of our timber fund holdings, which represented our ownership in Timber Funds II, III and IV.
+Added: For additional information on the disposition of our timber fund holdings, see Note 7 — Noncontrolling Interests .
TIMBERLAND LEASES & DEEDS
43 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.