Timber Valuation

[sputnam]

Hello BRCR

I suggest you take the timber seminar from American Society of Farm Managers and Rural Appraisers.

Yep... that's the way to go. If you're in the middle of an assignment and have to deal with it, you need to associate with an appraiser who is competent in appraising timber.

 

[BRCJR]

I am not in the process of valuing timber, I just want to have a better understanding of the valuation process for my own knowledge.

I was thinking a DCFA should be part of the process.

Should it be?

 

[Terrel L. Shields]

Some links you might want to visit

Comparative Accuracy Of Six Timber Appraisal Methods - ProQuest

Explore millions of resources from scholarly journals, books, newspapers, videos and more, on the ProQuest Platform.

www.proquest.com

https://www.timbertax.org/getstarted/appraisal/papers/pdf/ajoct87.PDF

https://www.jstor.org/stable/pdf/jasfmra.2007.142.pdf (FYI - this was hotly contested by many MAIs experienced in forestry)

The Holding Value Premium in Standing Timber Valuation.

Discover this 2005 paper in Appraisal Journal by Mayo, Jefferson H.; and, Straka, Thomas J. focusing on: TIMBER; CONSTRUCTION materials; INSTITUTIONAL investments; MARKET value; SALES; COMMERCIAL law; CAPITAL investments

search.ebscohost.com

 

[BRCJR]

Some links you might want to visit

Comparative Accuracy Of Six Timber Appraisal Methods - ProQuest

Explore millions of resources from scholarly journals, books, newspapers, videos and more, on the ProQuest Platform.

www.proquest.com

https://www.timbertax.org/getstarted/appraisal/papers/pdf/ajoct87.PDF

https://www.jstor.org/stable/pdf/jasfmra.2007.142.pdf (FYI - this was hotly contested by many MAIs experienced in forestry)

The Holding Value Premium in Standing Timber Valuation.

Discover this 2005 paper in Appraisal Journal by Mayo, Jefferson H.; and, Straka, Thomas J. focusing on: TIMBER; CONSTRUCTION materials; INSTITUTIONAL investments; MARKET value; SALES; COMMERCIAL law; CAPITAL investments

search.ebscohost.com

Your information is very appreciated.

 

[Deleted member 126639]

Your information is very appreciated.

Specialized appraisal knowledge like this is very valuable. Thousands can appraise apartment buildings, and many only apartment buildings. The number of appraisers competent in timber valuation is probably in the hundreds.

 

[TerryRohrer]

Probably far fewer than hundreds when large, commercial tracts are involved. In those cases, the discounted cash flows are heavily dependent on growth rates and harvesting costs, all of which are heavily dependent on the terrain supporting the timber. Those aspects are the domain of foresters, and I suspect most appraisers in that arena hold both credentials, are are tied to the hip of a trustworthy forester.

 

[Sadie]

Its just like being a Wheat farmer, except it takes 20+years to grow the crop and you get to worry about weather, pests, taxation, and environmentalist, except you wear a tin loggers hat so limbs might not kill you.

Most states have a Small Woodland association. If you want to learn about the subject or find sales I'd contact someone who's a member. In residential work, I'd always make it clear that I was not including the valuation of emblements and always recommend a 'timber cruise.' I grew up in a county where half the kids I went to school with had fathers who 'worked in the woods,' as did mine and so did both my grandfathers. And the last thing my father would let me become was a Forester.

That was my original profession. It was not my cup of tea.