Correction that they are also farming lumber, but the cycle is just much much longer.

I know a family that does it as one of a few things they do. Their timber land is relatively small so they have it harvested all at once. Every couple of decades a company pays them a healthy sum to get the timber and then nothing is done with the land for the next couple of decades while trees grow. In addition to the cash payment, they get to own the land tax free as it counts for agricultural exemptions.

Others in the thread are deeper into it and speak of staggered logging so there is annual logging off like 1/25th of the trees at a time.

Not to say there isn’t cutting of totally natural forest, but there is farming too.