Managing State Trust Lands Fiduciary Duty in the Changing West
Challenges & Opportunities
Planning, Internal & External
Historically, trust managers have responded to outside interests that proposed economic uses for trust land, maintaining traditional resource extraction activities that lent a desired stability and predictability to trust land management. While such approaches may serve the trust well, state trust land managers increasingly are recognizing that reactive approaches to trust management need to be balanced with activities that involve deliberate positioning, planning and entitlement of trust lands to provide short-term revenue while maintaining or enhancing long-term value. Such planning and portfolio management occurs both internally through asset management and externally through activities such as collaborative planning with partners, other public agencies, key stakeholders and citizens.
