You most likely wouldn't log it, you'd sign away rights to a company that wants to log it, and they pay you a percentage of profit, or more likely stumpage fees

You most likely wouldn't log it, you'd sign away rights to a company that wants to log it, and they pay you a percentage of profit, or more likely stumpage fees. This would mean that public land would work the same, companies want to use those resources to turn a profit and the fees would pay out to the public for using public land. The profit one stands to make of improving the land is always going to be the driver to do it in any system. The difference is this is taking "public land" and making it pay out to the "public" directly (supposedly). Unless one veers too far into socialist territory and removes property ownership completely, none of this precludes private property owners from continuing to profit off fees for land use, or even profiting off developing the land they own same as before. If one does take private ownership off the table, you're dealing with a much larger social change and impact than this particular discussion.