Not my calculation, but that of the group which represents forest industries including timber companies, landowners and saw mills. The Confederation of Forest Industries* reckons that the estimate of £350m for the commercial part of the Forestry Commission’s estate could be overvalued – and that it may be worth little over half of that. Here is my story on ft.com. The big question: if Defra proceeds with the privatisation – ignoring the political storm – will it still end up with a financial black hole?
* It has 2,000 members