OSU-Elliott Research Economics, December 21, 2021

Time codes

69 entries, as written in the video description. Select a time to start the video there.

1. 0:00 Paul Odenthal, OSU VP for Finance: Introductions & Outline
2. 3:31 Anna Magnuson: Elliott Forest Project Coordinator
3. 3:41 Katy Kavanaugh: Assoc. Dean of Research, College of Forestry
4. 4:00 Randy Rosenberger: Assoc. Dean of Forestry
5. 4:10 Shannon Murray: Elliott Forest Program Director
6. 4:30 Geoff Huntington: Dept. of State Lands (DSL)
7. 4:55 Shannon: Slide 1: OSU Elliott Budget Model, December 15, 2021
8. 5:26 Slide 2: Presentation Overview
9. 6:23 Slide 3: Introduction: OSU Elliott Proposal Background and Budget Model
10. 8:02 Slides 4-5: Mason, Bruce & Girard (MBG) 50-Year Revenue Assumptions
11. 9:52 Slide 6: MBG Subbasin-scale Revenue Analysis
12. 12:11 Slide 7: MBG "Decision Tree" Re: 2020 "Extensive" Age Groups
13. 13:40 Slide 8: MBG 50-Year Estimated Harvest/Treatment/Year
14. 16:40 Slide 9: MBG 17 MMBF/Year Harvest/Revenue Estimates
15. 17:49 Slides 10-11: OSU Estimated $5M+ Annual Expenditures
16. 23:15 Slide 12: OSU 20-Year $35M+ "Ramp-Up Budget"
17. 25:47 Slide 13: OSU Estimated 3-Year $35M Start-Up Costs
18. 26:55 Slide 14: OSU Estimated $17M Infrastructure Start-Up
19. 28:09 Slide 15: OSU Estimated $10M Working Capital Start-Up
20. 28:41 Slide 16: OSU Estimated Research Costs: Start-Up & Annual
21. 29:24 Slide 17: OSU Estimated Research Costs: "Carbon Example"
22. 31:04 Slide 18: Long-Term Research Example: H.J. Andrews Forest
23. 31:47 Slide 19: OSU Budget Model Assumptions
24. 32:47 Slide 20: Conclusion
25. 32:54 Paul: Original cost estimates based on assumed OSU ownership & legislature
26. 33:30 Paul: Introduces Tom DeLuca, Dean of College of Forestry
27. 34:55 Peggy Lynch, League of Women Voters: "When will budget be updated?"
28. 35:50 Paul: OSU will work w/DSL & legislature to create "independent authority"
29. 36:57 Sue Craig, Sierra Club: "Plan seems to be very limited & timber focused"
30. 38:13 Shannon: Budget, so far, based entirely on MBG timber harvest model
31. 39:44 Randy: Earlier design considered carbon credits, but sustainability shown w/o
32. 41:22 Shannon: "Carbon is a huge part of research proposal & management plan"
33. 41:49 Clark Seely, Elliott Manager, 1989-1994: "Budget for ESA compliance?"
34. 44:01 Katy: "We do have major monitoring program" for variety of species/HCPs
35. 45:40 Clark: History of ESA "take avoidance surveys" costs & current budget?
36. 47:30 Geoff: "DSL worked closely with OSU to develop HCP accordance"
37. 48:10 Janet Moore, Coast Range Forest Watch: "Carbon market inequalities?"
38. 50:04 Tom: "Ethics one of reasons we have been careful about carbon markets"
39. 52:00 Peggy: "Where are $35M, MBG budget & Common School Fund appraisal?"
40. 53:44 Paul: DSL is working on $35M start-up & also on appraisal
41. 54:30 Shannon: MBG 2020 analysis & current Elliott management plan evolving
42. 55:45 Geoff: 2016 appraisal being updated; Governor's priority is "decoupling"
43. 58:12 Peggy: "What happened to the Shutter Creek Tour?"
44. 58:28 Kevin Shanley: "Is year 1 budget of $24M practical? It seems inadequate"
45. 59:33 Shannon: We are looking at adjusting numbers between years 1 & 2
46. 1:00:51 Paul: We are trying to be conservative & have a sustainable model that
47. 1:01:15 Geoff: The "other piece of equation is new entity, 'authority,' would go into effect"
48. 1:01:56 Shannon: Year 1 projected to be Fiscal Year 2024, so time to get pieces together
49. 1:02:12 Paul: Shutter Creek Correctional Center visit & consideration as OSU opportunity
50. 1:03:25 Bob Zybach, ORWW.org: Common School Fund, local jobs vs. research design?
51. 1:05:28 Tom: Fire history is reality we see as opportunity; small polygons informative
52. 1:08:38 Katy: Very interested in landslide potential & need for windthrow research
53. 1:11:03 Bob: Can I rephrase question: "Research design does not consider salvage?"
54. 1:11:48 Katy: "Reserves" no; "intensive" yes; "extensive" maybe -- depends on "values"
55. 1:13:09 Bob: "The question was [salvage-related local] jobs, not personal values"
56. 1:13:14 Katy: MBG 17 mmbf/year sales will create jobs; less than ORWW 50 mmbf/year
57. 1:13:29 Paul: "It's about balance; we're trying to get that balance here as well"
58. 1:13:34 Janet: Why is "stand alone public entity" needed?
59. 1:14:46 Paul: Part is potential liability issue for OSU; new "entity" would mitigate risk
60. 1:17:32 Tom: Another value of "entity" is devotion to the OSU Elliott research focus
61. 1:19:34 Paul: For OSU, this [entity] reduces financial risk, not commitment to Elliott
62. 1:20:01 Clark: Road maintenance costs: included in plan budget or contracted?
63. 1:21:25 Shannon: OSU Elliott management plan is dynamic; needs outside expertise
64. 1:23:16 Paul: Appreciates Janet's written comments about "Mr. Gould filling potholes"
65. 1:23:31 Katy: In all harvest projections we've included road costs as well
66. 1:23:47 Paul: One of proposal goals is to support the local economy
67. 1:24:03 Clark: Elliott history shows road maintenance more efficient when contracted
68. 1:24:57 Paul: Thanks to all for sharing: "we're on a fast road to legislation"
69. 1:25:40 Tom: Thanks to all: "your questions really push us and are very helpful"