The “Latvijas valsts meži” joint stock company (LVM) has been entrusted with the management of state-owned forests in Latvia since 2000. LVM’s strategy states that by means of the rational management of state-owned forests, the company will be a stable and predictable partner on the market and will implement state interests as stated in the Latvian Forest policy – generating a profit from the management of this sustainable national asset (the forests) without depleting its value, preserving the values which are important as an environmental and cultural-historical heritage and ensuring the accessibility of the forests to the public. The basic economic activity in which LVM is engaged is forestry, and the main source of income for the company is timber sold on the market.