Timber Valuation

[Terrel L. Shields]

Prefer moose to deer

Elk is my favorite wild game - very beef like. They are just a bear to process. I cannot imagine trying to process a moose.

We are so overloaded with whitetails, they are allowing additional take of does here. Basically, you can take up to 5 with 3 of them or more must be does. Hardship depredation permits are given where they are eating apples, etc. or soybeans. The best solution appears to be a slanted hot wire to keep deer out of a field. The deer hesitate jumping the fence when it is slanted 45-60 degrees.

 

[Vermonter]

Elk is my favorite wild game - very beef like.

Caribou for me. Not really like anything else I've had. Nelchina and Fortymile herds in AK/Yukon.

Only elk I've had is farm raised (in VT) so not sure how similar it is to the wild western ones

 

[RCA]

Anyone know a good education source for valuing timber tracts?

I understand the "as is" and "subject to" clear cutting or selective harvesting.

I would like something that addresses the relationship of a timber cruise valuation and the real property value.

I know some think taking the cruise and adding the cutover value is the correct way. I am not knowledgeable enough to know that I totally agree with that. My limited knowledge says the trees are crops.

I am seeking some education for my own benefit and the benefit of my employer (a lender).

Any suggestions?

I would suggest investigating states with a long-standing timber industry, such as Oregon:

Oregon Department of Forestry : Timber sales : Forest resources : State of Oregon

On state owned forestlands, almost all timber sales are sold through a bidding process.

www.oregon.gov

A liberal state with plenty of regulations going back decades. You could find some interesting practices that may carry over to other states since much of the timber industry once in Oregon left the state decades ago for Georgia and other more business-friendly areas - surely taking some of their practices with them.

 

[RCA]

I would suggest investigating states with a long-standing timber industry, such as Oregon:

Oregon Department of Forestry : Timber sales : Forest resources : State of Oregon

On state owned forestlands, almost all timber sales are sold through a bidding process.

www.oregon.gov

A liberal state with plenty of regulations going back decades. You could find some interesting practices that may carry over to other states since much of the timber industry once in Oregon left the state decades ago for Georgia and other more business-friendly areas - surely taking some of their practices with them.

And don't forget BARD.google.com:

Me: What is MBF in the tree industry?

Bard: "Million board feet (MBF) is a unit of measurement used in the timber industry. It equals 1,000,000 board feet. One board foot is a unit of volume equal to a piece of lumber that is 1 inch thick, 12 inches wide, and 1 foot long.
MBF is used to measure the volume of standing timber, harvested timber, and processed timber. It is also used to measure the capacity of sawmills and other timber processing facilities.
In the tree industry, million MBF is a significant amount of timber. It can be used to produce a large amount of lumber, plywood, paper, and other wood products.
Here are some examples of how million MBF is used in the tree industry:

• A large sawmill may produce over 100 million MBF of lumber per year.
• A paper mill may consume over 200 million MBF of pulpwood per year.
• A lumberyard may have a inventory of over 50 million MBF of lumber.
• A government agency may manage a forest that contains over 1 billion MBF of standing timber.

Million MBF is a large unit of measurement, but it is important in the tree industry because it allows for the efficient and effective management of timber resources."

 

[gregb]

Is this an elk or moose taken with bow & arrow two winters ago in Idaho by my niece?

 

[RCA]

Want to be a milllionaire?


Me: What does a redwood tree sell for now?

Bard: "The price of a redwood tree depends on a number of factors, including the size and quality of the tree, its location, and the current market demand for redwood lumber.
As of October 2023, the average price of a redwood tree is between $350 and $700 per 1,000 board feet. However, large, high-quality redwood trees can sell for much more, with some trees fetching prices in the tens of thousands of dollars.

For example, in 2014, a single redwood tree was sold for $1 million at a timber auction in California. The tree was 255 feet tall and had a diameter of over 16 feet. It was estimated to contain over 100,000 board feet of lumber.

It is important to note that the redwood lumber market is cyclical, and prices can fluctuate depending on a number of factors, such as the overall health of the economy and the demand for lumber from other sources.

Overall, redwood trees are a valuable resource, and their prices reflect this. If you are considering selling a redwood tree, it is important to consult with a qualified timber appraiser to determine the fair market value of your tree."

 

[Terrel L. Shields]

Is this an elk or moose taken with bow & arrow two winters ago in Idaho by my niece?

Elk. Nice Niece give you any steaks? Lean like buffalo but can be tough in older animals

 

[RCA]

Elk. Nice Niece give you any steaks? Lean like buffalo but can be tough in older animals

Wild Elk or Farmed Elk? Elk meat is better for your health than grass-fed beef.

Everything You Need To Know About Elk Meat - Tasting Table

If you're looking for a change of pace from pork, beef, and chicken, it's time to give elk a try. Get familiar with this increasingly-popular lean game meat.

www.tastingtable.com

It can be tougher - you have to know how to cook it:

8 Simple Ways to Make Tough Meat Tender

We're taking the mystery out of tough meat. We spill the secrets on how to make tough meat tender—even the most economical cuts!

www.tasteofhome.com

 

[Don Jones]

But timberland is valued as real property. Timber once cut is personal property. So how is SE MO?

All is well here. Land values continue to be strong. Good quality graded and irrigated cropland is in the $10,000 to $12,000 per acre range with a few sales at $13,000 per acre plus.

 

[Ricky LaFleur]

I would like something that addresses the relationship of a timber cruise valuation and the real property value.

My limited knowledge says the trees are crops.

But timberland is valued as real property. Timber once cut is personal property.

Terrel, how do you think timber might be different than a typical crop, from the appraisal perspective? I understand that timber is affixed to the property until cut, but so are crops, albeit for a short while.