Timberland Appraisal

[spieldberg]

Has anyone done a timberland appraisal? I was told that a second appraiser - a "timberland appraiser" has to be involved..

Thanks

 

[Pittsburgh Pete]

Have the names of several timber valuation people (foresters) in Western PA if that is where you are and you are in need.

I've been told by some right-of-way consultants to value the timber rights using matched pairs--analyzing parcels purchased for timber vs. parcels with limited timber value. Would prefer to hire an expert to handle it.

 

[Xterrahokie]

Call a consulting forester that has an appraiser on staff if you want the job done correctly. http://www.acf-foresters.org To do a good job you will need a timber inventory. Leave it to the pros.

 

[Terrel L. Shields]

In my state the appraiser must be both a certified forester and a certified appraiser or the appraiser must associate with a forester. I ain't doing the timber cruise even if I do know how to...and there is a lot more to a timberland appraisal than just a timber cruise

 

[Meandering]

In Pennsylvania call your local DCNR (Department of Conservation and Natural Resources) probably in the blue pages of the phone book.

They have a forester that will do the valuation at market prices for the HO. I took a class in this, but am always more comfortable refering the home owner to the DCNR.

 

[Jerry Dell]

Some states require timber valuations be done by a licensed registered forester. I would refer the client to one of these registered foresters.

 

[edward sekerak]

Yes. I often value timber "land".

 

[edward sekerak]

Yes. I often value timber "land".

 

[murray stroupe]

Re;T- Land

Yes. I often value timber "land".

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Typicaly in TN , they do it that way also. They value the ''land'' For example, to keep it simple, on ''cutover''[clearcut] timberland, not much left of the timber , not much timber value, except firewood . Of course for a pine plantation, you want a clear cut, pine trees need plenty of sun.

And they[appraisers] may even $ubtract for firewood only land ;
that's commonly done, but a bit conservative. Some think all firewood is free, but all the grocery stores charge for it, even small bags of hickory or mesquite chips......................................................................

Read an article in Barrons recently said average t land is about $1,800 an acre ....................................
Not anywher near that cheap in TN unles you count cutover t land. Commercial Pine yard shut down near here.

 

[Xterrahokie]

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.