Land Board ponders investing in timber, farm land, as it sells off commercial and cabin sites

Idaho will have $160 million to invest from the sale of commercial real estate and other holdings over the next five years, and the state should use the rare opportunity to buy timberland and farmland, a financial consultant told the state Land Board today. AP reporter Keith Ridler has a full report here .

The state Department of Lands is taking public comments on the plan and two other proposals on managing investments through April 15; the Land board is scheduled to decide in May whether to adopt them. The $160 million is the result the state endowment divesting itself of lake cabin sites and commercial property.