Dr. Jack Lutz, Principal and Forest Economist of the Forest Researh Group, has over 25 years of experience in timberland investments in academic, industry, research and consulting positions. He is Director of Global Research and Valuations at FourWind Capital Management and editor of Forest Research Notes, a quarterly newsletter on timberland investments and market dynamics, a contributor of timberland articles to ForestWeb and a speaker internationally. Dr. Lutz worked as a Resource Economist for James W. Sewall Company from 1998-2004. He was Senior Forest Economist at Hancock Timber Resource Group from 1994-1998. Dr. Lutz was a natural resources consultant from 1990-1994 and a research forester at the University of New Hampshire from 1985-1990. Before that he worked with Container Corporation of America as a timber planning analyst, with Tennessee River Pulp & Paper Company as a financial analyst, and with USDA Forest Service as an inventory forester. Dr. Lutz received his PhD in Natural Resources and his BS in Forestry from the University of New Hampshire. He has an MBA from the Kellogg Graduate School of Management. .