The purpose of the activities of Joint Stock Company “Latvia’s State Forests” (LVM) is administration of state-owned forest property and management of public forest, ensuring preservation and increase of its value and generation of revenue for its owner – the State.
LVM manages and administers 1.62 million ha of land, including 1.60 million ha of forest land, which incorporates 1.41 million ha of forest. The main product of the company is timber. In addition to forestry, LVM also provides hunting and recreational services, produces selected seeds and saplings for reforestation, offers subsoil resources and land leases for subsoil resource extraction, and provides geospatial IT development services.
LVM is founder andactive member of European State Forest Association (EUSTAFOR).