Timber Valuation

[BRCJR]

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?

 

[Terrel L. Shields]

Our expert here is Dave Reinhold who teaches class and is an appraiser, a certified forester, and I think even a land surveyor. He is out of Russellville, AR. Operates under Ray Camp, Inc. who was his father in law and business partner. You might call him and visit. He a nice guy and is CG002.

https://www.raycampinc.com/courses.htm

 

[BRCJR]

Our expert here is Dave Reinhold who teaches class and is an appraiser, a certified forester, and I think even a land surveyor. He is out of Russellville, AR. Operates under Ray Camp, Inc. who was his father in law and business partner. You might call him and visit. He a nice guy and is CG002.

https://www.raycampinc.com/courses.htm

Thanks very much.

 

[Greg Graybadger]

BRCJR there are major differences in the timber industry among the various regions of the US. I imagine your work might be in the southeast, and my own knowledge is limited to the Rockies, Northwest and Alaska. Timber valuation is a true niche within appraisal and difficult to enter, as it takes a significant commitment. Data mostly comes from personal networking with professional foresters, and you need to speak their specialized language. Relevant educational opportunities in valuation are very limited. You may benefit most from reading appraisal reports by skillful timber valuation specialists, but simply obtaining such reports can be challenging. Good luck.

 

[RSW]

I seem to remember taking a class on valuing timber back in the early 90s where it had to do with the amount of board feet available which took about 15 to 20 years to replenish. How you would calculate that is beyond me. I am probably wrong due to my old age.

 

[Zephyr999]

@BRCJR not sure how often it is offered

Courses & Seminars - ASFMRA

Also check IRWA...https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://eweb.irwaonline.org/eweb/up...sQFnoECBYQAQ&usg=AOvVaw2PYhl8wCO3guNKAbjdh-5C

Last, Steigerwalt...https://fb.watch/nxp0ku61F3/?mibextid=Nif5oz

Good luck.

 

[Meandering]

Local DCNR office
talk to their forester about local places that teach this.

 

[Terrel L. Shields]

Reinhold taught timber appraising classes for 30 years. He's becoming chronologically challenged like me, but still teaches classes. And in Arkansas, you need to A-know how to value timberland and use a timber cruise report or be a certified forester in addition to an appraiser. I've seen an awful lot of arm waving valuations. I saw a guy add $20k for walnut trees in a fence row. No idea where he got that but as a rule, no one wants trees from an old fence line because they often have lots of metal in them. Nothing ruins walnut lumber worse than the blue stains coming out not to mention they eat a sawmill blade up in about 3 seconds. BTW that appraiser finally faced the board 15 years later over a botched divorce appraisal where his own client turned him in. But he got the last laugh and died before the hearing. He taught RE and appraisal classes in NE Oklahoma for years.

 

[Don Jones]

Reinhold taught timber appraising classes for 30 years. He's becoming chronologically challenged like me, but still teaches classes. And in Arkansas, you need to A-know how to value timberland and use a timber cruise report or be a certified forester in addition to an appraiser. I've seen an awful lot of arm waving valuations. I saw a guy add $20k for walnut trees in a fence row. No idea where he got that but as a rule, no one wants trees from an old fence line because they often have lots of metal in them. Nothing ruins walnut lumber worse than the blue stains coming out not to mention they eat a sawmill blade up in about 3 seconds. BTW that appraiser finally faced the board 15 years later over a botched divorce appraisal where his own client turned him in. But he got the last laugh and died before the hearing. He taught RE and appraisal classes in NE Oklahoma for years.

I attended a class Mr. Reinhold taught in Little Rock back in year 2000 on timber appraisal. One of the main things I remember is that there are a great many ways for dishonest timber buyers to cheat people out of their timber. If I remember correctly one of the safest ways is to sell it by the ton and not board feet. But, like you Terrell I am getting on up there in age so I may not remember that correctly. However timber is valued it is personal property and should be treated as such.

 

[Elliott]

Someday, the EPA and Forest Service will come after timber cruisers. They will do a phony correlation study and label timber cruisers having a 'breast height bias' and declare an aerial photography company is more accurate by using choker setters doing the cruise.