Timberland Appraisal

[murray stroupe]

Re; Discount

The folks who value the land as clearcut and then add a timber value to it (from a forester) can still get into trouble on the overall valuation side. There is a "compression/expansion" phenomena that occurs in timberland that can be simplified as this:
Land values tend to be higher than average for cutover land than land with timber on it. Land values tend to be lower than average when the value of timber is very high. Land values can even be zero or close to it and the timber value be discounted on very large acreage transactions in northern regions of the US.

If you take a "cutover" value and add the retail value of the timber to it you may or may not come up with the right answer. YMMV.

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Good point on a high volume discount , so to speak.

 

[Financially Feasible]

I remember taking a class in Chicago a few years ago and a timberland appraiser from NC was in my class. We had a really fascinating conversation about what he does for a living. I wish I could find his card!

 

[Dutchman]

Also be aware that timber rights are subject to being split off the original bundle of rights and in the northern Midwest frequently are. These rights are usually owned by large timber companies and can be exercised at their disgression. Imagine waking up and finding "your forest" clearcut or being sued because you cut down treet to build a house. These rights are ususally very old but usually are written to exist in perpetuity.

 

[murray stroupe]

Re; Big Timber

Also be aware that timber rights are subject to being split off the original bundle of rights and in the northern Midwest frequently are. These rights are usually owned by large timber companies and can be exercised at their disgression. Imagine waking up and finding "your forest" clearcut or being sued because you cut down treet to build a house. These rights are ususally very old but usually are written to exist in perpetuity.

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Dutch;
Cant imagine a good title/lawyer search not showing it.Lot of big[ million acres...] southern timber companys [IP, Kimberly Clark, Westvaco.....] already sold thier huge holdings.

Also something else intersting, a timber appraisal [ unless every tree is counted/marked/painted ] tends to be conservative. Somewhat like a bag of apples typicaly contains about 10% more than the 3 lbs marked.

Good semi load [weight limit]has 9-12 hardwood logs around here [hardwood];
saw today perhaps the biggest tree ever cut , it must have been 4 or 5 +feet in diameter. Only tree in that truck.Huge for TN Timber.

 

[Mr Rex]

There are some weird trends in my area. Timber shysters buying land from little old widows and dumbarse estate owners for next to nothing, harvesting the marketable timber, and then selling the cut over property to fancy pants hunting clubs from the big city(s) for more than the land should have sold for with the timber and more than farmers could afford to pay for it if it was cleared and tillable with good soil, even the ones that are still growing tobacco (highest per acre legal agricultural crop in these parts). Interesting indeed.

 

[DMZwerg]

Good semi load [weight limit]has 9-12 hardwood logs around here [hardwood];
saw today perhaps the biggest tree ever cut , it must have been 4 or 5 +feet in diameter. Only tree in that truck.Huge for TN Timber.

Was going at the statement until I saw the TN qualifier.

Can't remember the limit of my uncle's saw but I recall him having one in that he had to cut a third or more off of and hold back until later as the tree was "just a tad" large for the maximum sawing width (blade height made it, but the saw throw was a bit shallow).

Just remember that everything I have seen is matchwood compared to a 15'+ diameter redwood (I believe they call those "saplings" or something )

 

[murray stroupe]

They dont cut them like they used To

Was going at the statement until I saw the TN qualifier.

Can't remember the limit of my uncle's saw but I recall him having one in that he had to cut a third or more off of and hold back until later as the tree was "just a tad" large for the maximum sawing width (blade height made it, but the saw throw was a bit shallow).

Just remember that everything I have seen is matchwood compared to a 15'+ diameter redwood (I believe they call those "saplings" or something )

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Dont see as many red wood decks/porches as i used to;
more treated yellow pine.

 

[DMZwerg]

Dont see as many red wood decks/porches as i used to;
more treated yellow pine.

The ones I have seen most recently are ironwood, cedar, oak and composite. :icon_mrgreen:

Think there was a "treated pine" prior to that, but composite seem to be the most common of late. I do remember one "sealed knotty pine" deck about 6 or so months ago, but I believe that was more local pine based on color, etc.

Oh, that is right, I did see a pine deck within the last 3 months! It was the deck at my Mom's cabin and I would have to ask my uncle which type of pine he sawed ... :laugh:

 

[murray stroupe]

Re; Timber Related

The ones I have seen most recently are ironwood, cedar, oak and composite. :icon_mrgreen:

Think there was a "treated pine" prior to that, but composite seem to be the most common of late. I do remember one "sealed knotty pine" deck about 6 or so months ago, but I believe that was more local pine based on color, etc.

Oh, that is right, I did see a pine deck within the last 3 months! It was the deck at my Mom's cabin and I would have to ask my uncle which type of pine he sawed ... :laugh:

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Exactly,DM;
also called just'' treated wood/pressure treated wood'' in the south, that is almost always pine / yellow pine.

Humidiity is such, its about the only thing that lasts , unless its cypress heart wood, cedar heartwood.......................

Sealed some heavy oak for a bridge[tractor] on some property of mine;
it didnt last very many years, simply rotted even with a good seler/preservative painted on

 

[farmguy]

timber

Xterra,

If you have a sale with timber and you have a cruise that you trust and you have cutover sales, how do you analyze the sale?

sale price less cruise value equals land value or sale price less land equals timber value?

Just curious.