JPMorgan Asset Management’s timber-investing arm has acquired about 250,000 acres in the Southern pine belt for more than $500 million, Wall Street’s latest big woodlands purchase made with an eye toward carbon markets. The wealth manager said its Campbell Global unit will manage the commercial forests in Mississippi, Oklahoma and Arkansas for wood production as well as carbon capture. …”For large timberland purchases carbon is an integral part of valuation, just as timber is,” said Anton Pil, for J.P. Morgan Asset Management, which manages $2.45 trillion and acquired Campbell in 2021. “Management of these lands longer term is a balance of wood harvesting and carbon capture.” …There haven’t been enough carbon deals yet to affect the flow of logs to mills, forest-products executives say, though the presence of carbon-counting buyers has begun to significantly influence the market for timberlands, which topped $5 billion last year.