Page 19 - Georgia Forestry - Issue 1 - Winter 2023

see through his 10,000-acre strategy and create the Black Land Institute.
“At 10,000 acres, we’ll be able to create a circular kind of system where every year we’re cutting 100-plus acres that will allow us to have recurring revenue and perpetuity. Now we’re looking at being able to cut 100 acres per year and replant. If we have 30 tracks, at year 30, track one will be ready to cut again. It’s a timber system and I learned that from talking to other timber people who have been in the
business for generations,” he said.
And with the Black Land Institute on track to launch at
the end of 2023, Bailey will be able to help other Black people become landowners and access resources that will enable
them to generate revenue and create generational wealth. He’s currently raising a half-a-billion-dollar fund to ensure that Black people can access capital to acquire property and
receive the proper legal and accounting advice.
“I stand on the principle of all wealth comes from the dirt. Anything that we own, consume or possess, at one point its elements came from the Earth. And in America, unfortunately,
Black people own less than 2% of the dirt,” Bailey said.
MARTEL SHARPE IS A JOURNALIST WITH OVER A DECADE OF EXPERIENCE. HE IS A FORMER MANAGING EDITOR WHO ALSO REPORTED MOSTLY ON LOCAL AND STATE TOPICS THAT INCLUDED POLITICS, BUSINESS, EDUCATION AND COMMUNITY ISSUES.
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