Bret P. Vicary
P.O. Box 433, Old Town, ME 04468
(207) 827-4456
http://www.jws.com

Title:
Faculty Associate in Forest Management
Vice President, Forestry & Natural Resource Consulting, James W. Sewall
Company
Degrees:
B.S., SUNY, 1976, Forestry
M.S., University of Maine, 1982, Forestry
M.B.A., University of Maine, 1987
Ph.D., University of Maine, 1986, Forest Resources
Professional Licenses Held:
Certified General Appraiser in the states of Maine, Pennsylvania and Michigan
Licensed Professional Forester in the states of Maine, New Hampshire, and
Alabama
Current Research Interests:
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Timber Taxation
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Timberland Investments for Institutional Investors
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Appraisal Techniques for Timber and Timberland
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Impact of Regulations on Timberland Values
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Impact of Conservation Easements on Timberland Values
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International Timberland Investments
Selected Publications:
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Vicary, B.P. 1982. Polymorphic Site Index Curves for Even-Aged Spruce-Fir
Stands in Maine. Thesis in partial fulfillment of Master of Science in
Forestry, University of Maine, 135 pp.
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Vicary, B.P., T.B. Brann, and R.H. Griffin. 1984. Base-Age Invariant Polymorptfic
Site Index Curves for Even-Aged Spruce-Fir Stands in Maine. Maine Agricultural
Experiment Station Bulletin 802, October 1984, University of Maine, Orono,
33 pp.
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Vicary, B.P. 1986. The Theory and Practice of Timberland Appraisal. Thesis
in partial fulfillment of Ph.D. in Forestry, University of Maine, 520 pp.
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Vicary, B.P. 1988. Appraising Maine Forestland in a Changing Market. New
England Real Estate Journal -- Maine Spotlight, July 22, 1988, .MS-16.
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Vicary, B.P. 1989. The Future of New England's Forest. New England Real
Estate Journal -- Northern New England, 3-part series published Aug. 11,
Oct. 13, Nov. 17, 1989.
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Vicary, B.P. 1990. More "Tears": A Response to "Tears Are Not Enough".
The Real Estate Appraiser & Analyst, Vol. 56, No. 3, p.80.
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Vicary, B.P. 1990. Appraising Premerchantable Timber. The Canadian Appraiser,
Bk.2, Vol. 34, pp.24-26.
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Strong, R.A. and B.P. Vicary. 1990. A Growing Interest in Timberland. Explorations,
Univ. of Maine, Vol. 6, No. 1, pp.36-40.
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Vicary, B.P. 1990. The Professional Forester's Role in Appraisal. The Consultant,
Vol. 35, No. 2, pp.16-17.
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Vicary, B.P. 1990. Who is Really Qualified to Appraise Timberland? The
Consultant, Vol. 35, No. 3, pp.16-17.
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Vicary, B.P. 1990. Foresfland Market 1989: Foreign Investors and Enviromnental
Groups Make Significant Advances. Real Estate Update, Vol. 12, No. 24,
pp. 8, 26-27.
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Vicary, B.P. 1990. Maine's Forestland Marketplace Has Seen Much Foreign
Activity. New England Real Estate Journal, Sept. 18, pp.15B-16B.
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Vicary, B.P. 1990. Maine's Forests Face Pressure From Many Uses, Various
Investors. Bangor DailyNews, Oct. 18, p.16.
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Vicary, B.P. 1990. The Northem Forestland Market -- Review & Outlook.
Press Release, 14 pp.
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Vicary, B.P. 1991. Trends and challenges for forestland appraisers. Speech
presented to Appraisal Institute of Canada annual meeting, Saint John,
New Brunswick, May 23, 1991.
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Vicary, B.P. 1994. Trends in appraising conservation easements. Appraisal
Joumal, Vol. 62, No. 1, pp. 138-I43.
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Vicary~ B.P. t994. Valuation of conservation easements. Appraisal Journal,
Vol. 62, No. 3, pp. 483-488.
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Vicary, B.P. 1994. Appraising conservation easements: revisited. Appraisal
Journal, Vol. 62, No. 4, pp. 640-642.
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Vicary, B.P. 1994. More on easement sales. Appraisal Journal, Vol. 62,
No. 4, pp. 645-647.
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Vicary, B.P. 1994. A forester looks at Maine's Islands. IsIand News, Vol.
7, No. 5, p. 3.
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Vicary, B.P. 1993. Valuing non-commodity resources on private land. 1N:
Foresters together: Meeting tomorrow's challenges, Proceedings of the 1993
Soc. of Amer. Foresters Nat'l Convention, Indianapolis, IN, pp. 299-308.
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Vicary, B.P. 1995. Appraising natural resources -- Public Transactions
& Contingent Valuation. Meeting of the Midwest Forest Economists, August
7-9, 1995, Merrimack, WI, ?? pp.
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Vicary, B.P. 1995. The art of inventory. The Consultant, Summer 1995, Vol.
40, No. 3, pp.12-17.
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Vicary, B.P. 1996. Changing markets and the Northern Forest resource. Speech
presented at Industrial Forestry Forem Amer. Pulpwood Assn., Feb. 1, 1996,
Bangor, ME.
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Vicary, B.P. 1996. ForestIand Markets in Forestry Curricula. In: 1996 Southern
Forest Economicss Workshop Proceedings, Mar. 29, 1996, Gatlinburg, TN.
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Vicary, B.P. 1996. Do you want Maine to ban clearcutting? New England Real
Estate Journal --Northern New England, July 5-July 11, 1996, p.25D.
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Vicary, B.P. 1996. Developments in Maine's Forest Debate. New England Real
Estate Journal --Northern New England, Nov. 1-Nov. 7, I996, p.25B.
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Vicary, B.P. 1996. All Eyes on Maine as Precedent-Setting Initiative Unfolds.
The Consultant, Summer 1996, Vol. 41, No. 3, pp.12-13.
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Vicary, B.P. 1997. Update on Maine's Forestry Legislation. New England
Real Estate Journal --Northern New England, Jan. 3-Jan. 9, 1997, p.21C.
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Vicary, B.P. 1997. Maine Forest Practices Still in Limbo. The Consultant,
Winter 1996, Vol.2, No. 1, p.10.
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Vicary, B.P. 1997. Recreation Leases in the Northern Forest. The Consultant,
Summer 1997, Vol.42, No. 3, p. 16-24.
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Vicary, B.P. 1997. Timberland Investment Strategies. Forestry Noontime
Seminar Series, Univ. of Maine, October 17, 1997.
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Vicary, B.P. 1998. Timberland Markets - The Northeast. The Consultant,
Spring 1998, Vol. 43, No. 2, pp. 14-15.
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Vicary, B.P. 2000. Stewardship Affects the Bottom Line. The Fountain, Issue
#4 Winter 2000, p. 1.
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Vicary, B.P. 2000. Stewardship Affects the Bottom Line. Fountains, AutumrffWinter
2000-2001, p. 17.
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Vicary, B.P. 2000. The Value of Forest Stewardship to Timberland Investors
- Panel on Landscape Perspectives. New York Dept. of Environmental Conservation,
Div. of Lands & Forests, Annual Training Meeting, May 23, 2000, Utica,
NY.
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Vicary, B.P. 2000. Ratting on Your Colleagues: Should the Code Require
It? Journal of Forestry, Vol. 98, No. 7, pp. 26-27.
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Vicary, B.P. 2001. Working Forest Conservation Easements. The Consultant,
Summer 2001, Vol. 46, No. 3, pp. 24-28.
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Vicary, B.P. 2003. The Value of Working Forests: Money Does Grow on Trees!
Vermont Family Forests, March 11, 2003, Montpelier, VT.
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Vicary, B.P. 2003. Working Forest Conservation Easements & Their Impact
on Forest Values. New England Society of American Foresters, Winter Meeting,
March 19, 2003, Burlington, VT.
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Vicary, B.P. 2003. Appraising Conservation Easements in Maine: Parts A
& B. State of Maine Chapter of the Appraisal Institute, April 16 &
May 7, 2003, Portland, ME.
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Vicary, B.P. 2003. Impacts of Legal Encumbrances on Forestland Values.
Timber Industry Forum, Farm Credit Service, Sept. 10, 2003, Auburn, ME.
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Vicary, B.P. 2004. Timberland Market - Domestic & International. New
England Society of American Foresters, Winter Meeting, March 24, 2004,
Quebec City, Quebec.
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Vicary, B.P. 2004. Working Forest Conservation Easements & Their Impact
on Forest Values. Western Forest Economists, 39th Annual Meeting, May 4,
2004, Welches, OR.
Courses Taught:
Forestland Appraisal: An Intensive Course
Case Studies in Forestland Appraisal
Forest Finance & Investment Analysis
Forestland Appraisal Report Writing
Forest Economics (for Dave Field - FTY 444)
Forest Policy (for Dave Field - FTY 446)
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