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Historically, trust managers often responded to outside interests that proposed economic uses for trust land and they maintained traditional resource extraction activities that lent a desired stability and predictability to trust-land management. While such approaches may serve the trust well, trust managers increasingly recognize that reactive approaches to trust management need to be complemented by activities that involve deliberate positioning, planning, and entitlement of trust lands, and that provide short-term revenue while maintaining or enhancing the long-term value. Such planning or 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.
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