[Carpenter] GRP

[Kevin Carpenter]

Grant, Dan -

At this point, I believe myself, Mary/Donnie, Sonny, and Warner are all
signed up but uncommitted.

We really just have a few basic questions:

1)  What restrictions does this program put on us?  e.g.  We can only hay
during certain months, we need to keep a minimum grass height of 4", we
can only graze certain months...

2)  There is a rumor floating around that a certain portion of the land
must be in trees?  That didn't make any sense to me, but please address.

3)  Is there any "set aside" requirements?  e.g.  A portion of the land
that must be left native?

4)  I'm guessing we need to provide tree control (obviously, haying does
that), but we are curious.

5)  If we went "permanent", what would the payment be taxed as?  I'd guess
capital gains - like the sales of property - but there is a BIG difference
between that and it being taxed as ordinary income.

Thanks!

Kevin (and friends)