While still an undergraduate, he owned and operated a logging business which he continued for four years after graduation. From 1954-57 he served as manager of the Blackwater River State Forest. Then he began a five year period as an Assistant Unit Forester for the Georgia lands of St. Joe Paper Company. In 1962 Frazer co-founded and became Operating Partner of F & W Forestry Services, becoming President in 1967 and Chairman of the Board in 1988. Today, F & W operates 15 offices in nine southern states. During his career he has served as a major officer in numerous professional and business organizations, testified in forestry issues many times before Congressional Committees, and became a recognized expert in rural real estate and forest appraisal.