Abstract
PAG Report 21 | Published December 2001 | State trust lands in Idaho are to be managed to provide "maximum long term financial return" to the public schools and other beneficiary institutions. This report evaluates trust land assets and asset management with appropriate indicators of financial performance. Specific objectives are: review the changes in Endowment Fund management that have heightened concern for financial performance of land assets; select appropriate financial performance indicators for forest lands and rangelands; appraise the value of endowment forest lands and rangeland assets, and then measure the return on asset value provided by current IDL operations; discuss managerial flexibility in the context of the Idaho Constitutions goal to provide "maximum long term financial return" to the trust beneficiaries; and analyze alternative approaches for managing underperforming land assets.