820 Acre Timber & Recreation Property . Timber prices were roughly 40 percent higher than they are today, and timberland was selling for about $700 per acre. Let’s say you estimate the volume of your stand of mature White Oak to equal 10,000 board feet. Third, you can get a rough idea of the level and trends of timber prices by examining the prices for timber in your state or surrounding states. Most full grown forests of pine and fir will usually run 5 to 7 thousand board feet an acre. Actual prices may vary. Doing this due diligence will prevent you from paying too much for a piece of timber. The commissioner is responsible each calendar year for providing the tax assessors with the weighted average price paid in pounds and measured volume of softwood and hardwood pulpwood, chip and saw logs, saw timber, poles, and fuel wood. Pulpwood is worth $35 per cord, so annual revenue is $52,500. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. Their is a lot of oak trees.but not sure what kind of oak.it’s 125 acres how much do u think I would have to take to do that.I know it’s hard to say with out seeing it but just a rough estimate. Both options will be used in examples below. Is there any way that you could give me an approximate selling value of my 2 walnut trees. Future volumes can be estimated using information on local growth rates. The longer answer is that the monetary value of a tree is determined by four factors: the volume of the tree, the grade of the butt log, the potential products it can be turned into, and the current markets for the species. Effective Management costs = $2/acre. This resource provides south-wide average prices. There are even possible defects such as hollow centers or mineral stain that are often impossible to detect while a given tree is still standing. University of Georgia Cooperative Extension. Value of standing timber per acre. Active forest management can address forest health problems and increase growth rates driven by species composition or forest-stocking conditions. Often, the larger the sale, the higher the price per unit of wood that can be offered. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. These experts provide a wide variety of services for a fee: tree planting advice, forest management, timber cruising (determining timber value), and timber sale preparation and supervision. The price report provides state-wide, average standing timber prices for pine, oak, and mixed hardwood sawtimber, pine chip-n-saw, and pine and hardwood pulpwood. 1 common White Oak (425 for Spring of 2012 and 482 in the Fall) by 10 (10,000 board feet divided by 1,000). Contact TMS directly for 3Q2020 reports or news Last updated: 9 Oct 2020, Next update: 18 Jan 2021 Often, the larger the sale, the higher the price per unit of wood that can be offered. For each species divide the number of board feet you’ve estimated by 1,000 and multiply this by the appropriate price from our report. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. The more mature trees you have, the more likely it is that your timber is ready for harvest. ... preparation and regeneration will occur in year 0 at a cost of $80 per acre. The first thinning you expect to harvest approximately 21 tons of pulpwood per acre (Table 2). While the trees themselves mature and provide you with money, you're also going to have your land value increase. Estimate the volume and individual species’ footage in your timber stand. Price per thousand board feet > multiply reported price by 8.75 . ... the average volume of timber per acre, etc.). The numbers in the timber pricing report are per 1,000 board feet. We make timber harvesting recommendations that consider the unique characteristics of your woods, and address the input and concerns from you, the land owner, above all others. This annual publications lists, by regions of the state, the mean, median and range of prices for various grades of the most commonly sold hardwood tree species’ in our state. Though part of the proper stewardship of a forest involves continual assessment of the health and maturity of the trees, for non-professionals with large stands of timber the task can be daunting. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Pine prices in PA are down around 7 cents per board foot. Decreasing timber prices are likely the result of the oversupply of timber dating back to the Great Recession, slack demand, and market uncertainty related to the pandemic. Hardwood – to convert price per ton to: Price per cord > multiply reported price by 2.90. timber and log price information on the web, National Association of State Foresters website, Cooperative State Research, Education, and Extension Service, Michigan State University's Forestry Extension. Advertise Here. Dru Preston Forest Utilization Specialist Phone: (478) 751-1746 Email: firstname.lastname@example.org. Similarly, property management costs can range from $5 per acre to as high as $25 per acre or more. These reports provide market prices by species using the International Scale and Doyle Scale for five regions of West Virginia as well as a state average. Not every tree is created equal. If the buffer is partially harvested, the total value of the timber in the buffer is half of the per acre value established for the tract. – to convert price per ton to: Price per cord > multiply reported price by 2.68. This site uses Akismet to reduce spam. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. Learn More. Timber A stand might be scheduled for harvest when it no longer produces, for example, 500 board feet (or its economic equivalent, depending on markets, say $60) per acre per year. Similar documents are produced by most state university agricultural departments and/or by the department of natural resources in your region. The following North Carolina standing timber price information is reported on a quarterly basis for North Carolina. What Is My Timber Worth, and How Do I Sell It? Timber Sale Query The Department of Natural Resources' (DNR's) Timber Sale Web Search Application helps prospective purchasers identify state timber sales that meet their needs. We assume we will grow 7 tons of wood per acre per year which falls in the middle of the range shown in Table 3. Annual costs, then, are $4,500 and net annual revenue is $48,000. Have it cruised, they will estimate the board feet per acre, then multiply what the current price per board foot of that species is. Still, no timber harvest will contain only prime logs, so for estimation purposes you will likely get a more accurate estimate with average numbers verses the high end values. Selling timber is not simple, and there are many potential ways in which a landowner working without professional forestry expertise can be taken advantage of. Tree varieties tend to grow along latitudinal lines. In Alabama, standing timber can be worth as much as $3,000 per acre. First, you can call on the free or low-cost services of state or university personnel. Using the mean figure for number 1 common logs or the low number from the prime range tells you the approximate value of your standing timber. Often, a harvest design intentionally creates wildlife habitat and enhances biodiversity and, if done properly, will increase long-term timber value. While prices change over time due to market trends, the highest value timber in the Ohio, Indiana and Northern Appalachian region is consistently Black Walnut, followed by White Oak. Prices are based on an average calculated from a sample of timber buyers across the U.S., and only intended to provide an estimate of trends and current prices. Some are straight and limbless for long spans while others are crooked and have many limbs in the first 8 feet. Call or email us today for a hassle free assessment of your standing timber! Click here for more information about logging and timber buying from the professionals at Timber Works. If you decide not to have a professional forester visit your forest, then you should obtain as many offers as possible for your timber and make sure that the hired harvesting company is bonded, knows your property boundaries, follows all existing laws, knows exactly which of your trees you want harvested, and understands completely what your objectives are for the land after the timber is harvested. What you need to know is that these grades correlate with the quality of the lumber that can be cut from a tree, and therefore the value of said lumber. Loblolly Pine produces pole wood or to be more specific poles for fence and utility, the highest valued timber product. This 820 acres of timber, meadows, ponds and wildlife is a real gem. For each species prices are listed for prime logs, number 1 common, number 2 common, blocking with an average for all the different grades combined at the bottom of each section. Head on over to our Industry Fact Sheet for the scoop on tree identification. Higher costs translate into lower prices offered. Thinning values per acre for CNS and small sawtimber in the 16-25 age classes were up in 2018 but dropped markedly in 2019—a sign that supply of these products outpaced demand in that year. Absent is an estimate of the timber value. Price per thousand board feet > multiply reported price by 7.5. Whether you want to calculate the value of each and every tree, or just familiarize yourself with the process, these articles will give you all the tools you need to identify, estimate volume and value of your timber. For this reason, within a given species, there is potentially a very wide range of values. These reports provide volume and trees per acre by species, sort, grade, age, along with other information. If you multiply 21 tons by $9.00 per ton, that gives you an estimated $189.00 per-acre revenue from the first thinning. Call or email us today for a hassle free assessment of your standing timber! Just bought 10 acres of forest land. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. This is because the greater the harvest, the less expensive it will be per tree. Timber Mart-South provided by the Center for Forest Business, Warnell School of Forest Resources, University of Georgia. Use a Woodland Stick, a four-sided stick used for measuring timber volume in the Pacific Northwest, to determine the diameter of the tree at breast height (DBH), or 4 ½ feet from the ground on the uphill side. The black walnut is 7ft around at chest height & the English is 8ft around at chest height and they are both about 10ft from the ground to the first knot or limb & are probably about 50ft high. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. Example of average value: 50 acres harvested; $50,000 paid for the timber on the 50 acres; $1000 average price per acre; 5 acres Riparian Buffer retained; $5000 total value of timber retained in buffer if no cutting takes place in buffer. It also relies on the amount of timber sold in a single sale, as well as the type of harvesting done. Annual management costs and property taxes will be $1.50 per acre. Now that you have all this information, you can determine what you can pay for standing timber. I have taken ALOT of ... First of all, the lot size you state is actually only 7.89 acres. Pine prices in PA are down around 7 cents per board foot. Stumpage is the fee paid to the government for timber harvested from Crown land. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. The value of a timber depends on the species, size, and quality of the trees. Testing the asking price of a property you are considering for purchase will require you to have some idea of the timber value. To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing. Generally speaking, annual real estate taxes range from as low as $3 per acre in some areas of Pennsylvania to as high as $20 per acre in some areas of New York. When land is limited, managers sometimes try to maximize value and growth per acre. A large, top quality black cherry, for example, would command a significant price premium as a veneer log, while limby and crooked sweetgum might be priced as pulpwood. Another strategy is simply to take the mean number for the “All Grades” entry of the table—the larger your woods the more likely this number is to be accurate. Timber values may fluctuate wildly based on the species being harvested, their quality, their volume per acre and per tree, the distance to markets, logging difficulty level, time of year, contract restrictions, as well as current market conditions. Landowners can improve stand quality and reallocate stand growth by using appropriate silvicultural practices such as intermediate thinnings, timber-stand i… Alabama State-wide Average Stumpage Prices - US$ per ton; Source: TimberMart-South See also sample Summary Report and State Report (also in PDF format). This query tool allows the user to look at timber sale specifics such as: the DNR Region in which the sale or sales are If you need some help deciphering the species of the trees in your woods, take a look at the gallery below. This value can vary widely depending on the species and quality of trees on that acre. If your timber grows near a lot of mills, your timber might command a higher price than if the timber were far from mills or close to only one or two mills. Once you know the 1) species and 2) the volume, your ready to estimate the value of your timber. Reforestation cost = $140/acre †Net present value using equation 7 in Appendix ‡Assumes bare land value is $300/acre, or $1,200 in total §Valuation factor, or timber value as a decimal percentage of the $3,936 IHV (timber value / IHV): Shaded areas show probable realistic ranges of valuation factors 1. Since you may not be able to realize the income from timer for a number of years, it generally needs to be viewed as a long term investment and in the mean time appreciated for its aesthetic value. You may also consider investing in a paperback field guide, readily available for under $10 at your local bookstore. Truly exceptional logs may even be used for veneer. for this example) is the value of the timber. *Prices shown are based on per ton stumpage price. Learn how your comment data is processed. The study shows averages of $5,421 per acre for good nonirrigated cropland. After you know what tree(s) you have, click here to head on over to our blog post on estimating standing timber volume. Any help you can give me will be greatly appreciated. Other valuable species’ include Hard Maple, Hickory, Tulip Poplar, Oak species included in the white/ red families such as Black Oak and Chinkapin Oak, as well as other regional hardwoods. Map 2. All of those things can affect how much wood can be removed and the operational costs of harvesting. 75 acre property of mixed use residential, recreational, timberland located in Munfordville, KY 42765 the property is perfect for a weekend getaway or home site. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. *Prices shown are based on per ton stumpage price. The Stumpage Price Report is published semi-annually and reports the prices paid for standing timber during the previous six months. For this, we turn to The Ohio State University’s Stumpage Price Report. The vast majority of “timber cruises” are these. "Timber buyers routinely purchase tracts of five acres or less." Several scientific studies have shown that timber sellers who hire a professional forestry consultant to organize the sale end up with profits equal to or greater than profits accruing to timber owners who do not hire a professional forestry consultant, even after subtracting out the consulting fee. On the other hand, the fifty year cut will average 4,500 bd ft/acre, and have a stumpage value of approximately $1,000.00/acre ($225.00/1,000 bd ft). Reports Forestry Reports Louisiana Timber and Pulpwood Production Report. Bare land value is $300 per acre and all of one average site quality, based on extrapolations from A. Pleasonton 11 and J.E. Current timber stumpage prices for pulpwood are $9.00 per ton (Table 1). Map 3. Mark a circle from that center point with a 26-foot, 4-inch radius. Follow our three part guide to estimate the value of your standing timber. 3. With an average price of $505,583, the total value of approximately 5,000 acres of timberland recently listed for sale in Iowa is about $22 million. Below we talk about how to answer these questions. Repeat this process for each species you have tallied and you should have a ball park estimate of what your timber is worth. Representative Price Ranges for Northern Michigan Hardwood Stumpage 2004-05 Species Pulpwood price per cord Sawtimber price per thousand board feet (MBF) Sawtimber price trend Ash 9 - 18 95 – 110 Steady Aspen 20 - 45 65 – 100 Upward Basswood 5 - 10 105 – … Case studies show existing pine stands can earn an average of about $100 to $150 per acre per year. For each species divide the number of board feet you’ve estimated by 1,000 and multiply this by the appropriate price from our report. Land expectation value (LEV) is a standard DCF technique applied to many timberland situations. White Oak? Estimated timber and hunting/recreation land values per acre for July 2020. If you can wrap your arms around a particular tree (excluding professional athletes) it might not be quite ready to harvest, though this depends in part on species and other conditions. Two ways to look at forest value growth are value growth per acre and value growth percent. and "What's the best way to sell my trees?" Total Timber Value/Acre The performance of a timber investment is sensitive not only to the productivity of the land, but also timber prices. Consider a 1,000-acre tract of timber that produces 1,500 cords of pulpwood annually. 14 Replies 32024 Views September 25, 2009, 01:47:32 PM by Ron Wenrich : Typical timber/acre value Started by croyer on Ask The Forester.
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