OREANDA-NEWS. March 21, 2013.  JSC “Latvia's State Forests (LVM) spent more than LVL 1.5 million (USD 2.8 million) on purchasing 1,455 hectares of forestland from 99 private individuals in 2012, as the company said in a press release.

The company will continue to purchase forestland this year with funds allotted from incomes not related to timber sales, for example compensations for building various communications and power lines on state forestland and land rental not connected with forestry production or trade in mineral resources.

JSC “Latvia's State Forests” structural unit LVM Nekustamie ipasumi” director Arturs Jansons said: “We are interested in all kinds of territories with forestry activities allowed – clearings, young forest stands, forest stands old enough to be cut down, unused agricultural land”.”

Establishment of the State Stock Company “Latvia’s State Forests” was determined by an order of the Cabinet of the Republic of Latvia issued in October 1999. At present the LVM manages commercially usable state-owned forests and, alongside with the forest management that includes timber selling, the LVM develops other kinds of activities as well. It offers hunting and recreation facilities and obtains seeds and planting stock to ensure forest regeneration.