This type of sale requires the harvested products to be measured (foresters call this scaling). Map 3. Still, no timber harvest will contain only prime logs, so for estimation purposes you will likely get a more accurate estimate with average numbers verses the high end values. If you’re woods has been responsibly timbered in the past, and some time has passed since it was last harvested, you likely have a high number of harvestable timber. Actual prices may vary. I have taken ALOT of ... First of all, the lot size you state is actually only 7.89 acres. A pinestraw raking schedule of every 2-3 years can generate $100-$200 of income per acre. I currently live in a small house on a third of an acre lot and it ... looked at the propery to get an idea of the age of the woods and was quite pleased even though i dont know alot about timber value. One estimate of its value can be found by multiplying the mean reported for no. Accordingly, a timberland investment may cost as much as $45 per acre per year to maintain. Price per thousand board feet > multiply reported price by 7.5. A large, top quality black cherry, for example, would command a significant price premium as a veneer log, while limby and crooked sweetgum might be priced as pulpwood. With an average price of $505,583, the total value of approximately 5,000 acres of timberland recently listed for sale in Iowa is about $22 million. The more volume you have that is mature and ready for harvest, the higher the sale price will be. Effective Management costs = $2/acre. And, a property that looks clear cut along the road may have excellent timber on the back side across the creek. Reforestation cost = $140/acre †Net present value using equation 7 in Appendix ‡Assumes bare land value is $300/acre, or $1,200 in total §Valuation factor, or timber value as a decimal percentage of the $3,936 IHV (timber value / IHV): Shaded areas show probable realistic ranges of valuation factors 1. A stand might be scheduled for harvest when it no longer produces, for example, 500 board feet (or its economic equivalent, depending on markets, say $60) per acre per year. 820 Acre Timber & Recreation Property . Consider a 1,000-acre tract of timber that produces 1,500 cords of pulpwood annually. On the other hand, the fifty year cut will average 4,500 bd ft/acre, and have a stumpage value of approximately $1,000.00/acre ($225.00/1,000 bd ft). The study shows averages of $5,421 per acre for good nonirrigated cropland. 75 acre property of mixed use residential, recreational, timberland located in Munfordville, KY 42765 the property is perfect for a weekend getaway or home site. So you’re White Oak is likely worth about $4,250. Use a Woodland Stick, a four-sided stick used for measuring timber volume in the Pacific Northwest, to determine the diameter of the tree at breast height (DBH), or 4 ½ feet from the ground on the uphill side. Second, you can contact a professional forestry consultant. In contrast I once sold a stand of big walnut trees that brought $6,000 per acre. Here are some price ranges from this fall for some SE NC timber, but again, it would depend on the market and your particular trees and land: Pine Pulpwood $10.05 to $10.85 per ton Pine Sawtimber Blend $17.00 to $18.39 per ton Hardwood Pulpwood $5.35 to $7.85 per ton Hardwood Misc Sawtimber $21.15 to $34.00 per ton If you need some help deciphering the species of the trees in your woods, take a look at the gallery below. ... the average volume of timber per acre, etc.). Representative Price Ranges for Northern Michigan Hardwood Stumpage 2004-05 Species Pulpwood price per cord Sawtimber price per thousand board feet (MBF) Sawtimber price trend Ash 9 - 18 95 – 110 Steady Aspen 20 - 45 65 – 100 Upward Basswood 5 - 10 105 – … There are, however, several ways you can obtain information about the value of your timber: Our recommendations on how to sell timber are similar to those for determining what timber is worth: One last bit of caution. The prices quoted on the tables are per ton. Often, the larger the sale, the higher the price per unit of wood that can be offered. The price report provides state-wide, average standing timber prices for pine, oak, and mixed hardwood sawtimber, pine chip-n-saw, and pine and hardwood pulpwood. This is because the greater the harvest, the less expensive it will be per tree. While timber can add significant value to a property, unfortunately, it’s not as easy to quantify as tillable land income. Some are straight and limbless for long spans while others are crooked and have many limbs in the first 8 feet. The good news is that the our region produces some of the best hardwood timber in the world—if you have a mature woods in this part of the country, it certainly has some real value. Mixed timber, mostly hardwood, the pines that are on it are huge. Prime grade logs will produce mostly FAS lumber (the highest grade) that is well suited for furniture and cabinets. A stand might be scheduled for harvest when it no longer produces, for example, 500 board feet (or its economic equivalent, depending on markets, say $60) per acre per year. Any help you can give me will be greatly appreciated. Current timber stumpage prices for pulpwood are $9.00 per ton (Table 1). Average clearcut tons per acre: 87; Thinning harvests generate between 25-40 tons of timber per acre Average thinning tons per acre: 32 . timber and log price information on the web, National Association of State Foresters website, Cooperative State Research, Education, and Extension Service, Michigan State University's Forestry Extension. Pine prices in PA are down around 7 cents per board foot. Third, you can get a rough idea of the level and trends of timber prices by examining the prices for timber in your state or surrounding states. Conversely, it's usually more costly to cut down just a … Prices are provided to the DEC voluntarily by buyers and sellers of standing timber. This is for at least five possible reasons. Often, the larger the sale, the higher the price per unit of wood that can be offered. In general hardwoods tend to be more valuable than softwoods though this is not because they are necessarily actually more dense. The black walnut is 7ft around at chest height & the English is 8ft around at chest height and they are both about 10ft from the ground to the first knot or limb & are probably about 50ft high. This query tool allows the user to look at timber sale specifics such as: the DNR Region in which the sale or sales are What Is My Timber Worth, and How Do I Sell It? Georgia Forestry Commission Listing of Consulting Foresters. Timber marketing and management standards indicate that timber prices by product category do change relative to each other as supply and demand dynamics dictate. On the other hand, timber values can range from $500 to $3,000 per acre, and in some cases in excess of $5,000 per acre is not unusual. "Timber buyers routinely purchase tracts of five acres or less." COVID-19 Safety Related Requirements Associated with Tree Planting . There are even possible defects such as hollow centers or mineral stain that are often impossible to detect while a given tree is still standing. Dru Preston Forest Utilization Specialist Phone: (478) 751-1746 Email: dpreston@gfc.state.ga.us. Previous Timber Price Reports. Estimating tree volume is explained fully in this blog article. Both options will be used in examples below. Like thinnings, clearcut values per acre for timber in the higher-value age classes all decreased in 2019, also a sign that supply outstripped demand. Though part of the proper stewardship of a forest involves continual assessment of the health and maturity of the trees, for non-professionals with large stands of timber the task can be daunting. Absent is an estimate of the timber value. In this case, the annual growth period is 5 years. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Since timber is sold by the board foot (a volume measurement equal to 144 cubic inches), the board footage you harvest is the single most important factor in estimating the value of your standing timber. Fifth and finally, state and local timber harvesting and management practices laws can affect what kind of harvesting equipment can be used, how close harvests can come to streams, and what contingencies must be made if there are local populations of vulnerable or legally protected plant or animal species in your area. By contrast number 2 common logs are destined to become railroad ties and pallets. for this example) is the value of the timber. Timber Works works diligently to ensure your questions and concerns are addressed fully and honestly. As you can see, coming up with an exact dollar amount for a tree is difficult. Select five to eight trees within this plot. Price per thousand board feet > multiply reported price by 8.75 . This value can vary widely depending on the species and quality of trees on that acre. Higher costs translate into lower prices offered. The vast majority of “timber cruises” are these. If a mill offers to pay you $500 per thousand for red oak grade logs. de Steiguer 12 for rural southern timberlands. Timber Sale Query The Department of Natural Resources' (DNR's) Timber Sale Web Search Application helps prospective purchasers identify state timber sales that meet their needs. Management costs per acre range from $5 to $45, so you’re sure to make your money back on your investment. *Prices shown are based on per ton stumpage price. When land is limited, managers sometimes try to maximize value and growth per acre. It will also help you to present a competitive bid on a high-value logging job. Total Timber Value/Acre The performance of a timber investment is sensitive not only to the productivity of the land, but also timber prices. Future volumes can be estimated using information on local growth rates. Timberland type also plays a significant role in the total tons per acre at harvest. That's a big difference at $8000 per acre. The more mature trees you have, the more likely it is that your timber is ready for harvest. For each species prices are listed for prime logs, number 1 common, number 2 common, blocking with an average for all the different grades combined at the bottom of each section. Carlisle (60 ac) Carlisle (60 ac) - $232,200. The results of the surveys are calculated and new lists are published every March (covering April 1 - September 30) and September (covering October 1 to March 31). Red Oak? Stumpage values are calculated two times per year with a survey completed by local foresters. After the volume of a particular tree, the second most significant factor in the value of a timber stand is species composition. Appraisers often use discounted cash flow (DCF) techniques to value timber and timberland. Statewide pine sawtimber prices averaged $21.01 per ton, up 2% from last period and down 24% from a year ago. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. The timeframe for the tool is the current month plus the next two months. Contact TMS directly for 3Q2020 reports or news Last updated: 9 Oct 2020, Next update: 18 Jan 2021 Last fall I bought 1,500 board feet of red fir and 1,500 brd feet of white fir. No intentions of logging it, but if I did what would it be worth? Follow our three part guide to estimate the value of your standing timber. Grown forward to 2011 at the 3.5% per annum rate, timberland would be at $1,214 per acre. Fourth, what a timber buyer will pay for your trees depends on the conditions of the site in which they are growing, which affects how expensive it is to remove them and haul them to a mill. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. 3. Active forest management can address forest health problems and increase growth rates driven by species composition or forest-stocking conditions. Prices are based on an average calculated from a sample of timber buyers across the U.S., and only intended to provide an estimate of trends and current prices. Using the second strategy from the paragraph above you would multiply 10 by the “All Grades” mean value of 567, equaling $5,670. The commissioner is responsible each calendar year for providing the tax assessors with the weighted average price paid in pounds and measured volume of softwood and hardwood pulpwood, chip and saw logs, saw timber, poles, and fuel wood. Local and statewide timber market reports can provide an idea of the level and trends of prices, however, the question what is my timber worth is based mainly on the demand which drives what someone is willing to pay for it. Annual management costs and property taxes will be $1.50 per acre. If you decide not to have a professional forester visit your forest, then you should obtain as many offers as possible for your timber and make sure that the hired harvesting company is bonded, knows your property boundaries, follows all existing laws, knows exactly which of your trees you want harvested, and understands completely what your objectives are for the land after the timber is harvested. After you know what tree(s) you have, click here to head on over to our blog post on estimating standing timber volume. Learn how your comment data is processed. Their is a lot of oak trees.but not sure what kind of oak.it’s 125 acres how much do u think I would have to take to do that.I know it’s hard to say with out seeing it but just a rough estimate. Decreasing timber prices are likely the result of the oversupply of timber dating back to the Great Recession, slack demand, and market uncertainty related to the pandemic. Cost approach: If there isn’t sufficient market activity in your area to use the sales comparison approach, the cost approach is … It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. Just bought 10 acres of forest land. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Pine prices in PA are down around 7 cents per board foot. There is roughly 77,000 acres of timberland for sale in South Carolina based on recent Lands of America data. If the buffer is partially harvested, the total value of the timber in the buffer is half of the per acre value established for the tract. If a tract contains $2,000 per acre in timber and the timber is appreciating in value at 10%, this is a gross annual return of $200 per acre. This drastic difference in possible uses explains why some logs are worth so much while others would be better used for firewood than lumber. Timber Works explains every step of both the assessment and the logging processes along the way. The Ohio State University’s Stumpage Price Report. One way to locate these foresters is by visiting the. MU Extension economist Ray Massey says the web-based survey considered the average value of three classes of cropland and pasture as of July 2019. Have it cruised, they will estimate the board feet per acre, then multiply what the current price per board foot of that species is. These reports provide market prices by species using the International Scale and Doyle Scale for five regions of West Virginia as well as a state average. 7 tons per acre per year gives The twenty year cut will only average 1,500 bd ft/acre of merchantable timber, and have a stumpage value of approximately $210.00/acre ($140.00/1,000 bd ft). Timber 47.5 acres of fast-growing 26-year-old Douglas-fir. What you need to know is that these grades correlate with the quality of the lumber that can be cut from a tree, and therefore the value of said lumber. Keep reading. Press calculate to get the tree value and multiply that number by the number of trees in the woodlot to get a total timber value. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. First, timber is much like baseball cards or more broadly any commodity with a value to someone else. The amount of the credit is 25% of the value of the timber in the buffer, up to $17,500. Repeat this process for each species you have tallied and you should have a ball park estimate of what your timber is worth. Further up the tree will be number 1 and number 2 common. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. This annual publications lists, by regions of the state, the mean, median and range of prices for various grades of the most commonly sold hardwood tree species’ in our state. Alabama State-wide Average Stumpage Prices - US$ per ton; Source: TimberMart-South See also sample Summary Report and State Report (also in PDF format). Thanking you in advance Timber prices were roughly 40 percent higher than they are today, and timberland was selling for about $700 per acre. Timber value per acre can be between $500 and $5,000, but this depends on the growth of the trees themselves. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Looking for the old Georgia prices page? These reports provide volume and trees per acre by species, sort, grade, age, along with other information. This information is made possible through an agreement with Timber Mart-South. While the trees themselves mature and provide you with money, you're also going to have your land value increase. State Agencies. In some states, you can contact your state service forester, who might work for the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. Thinning values per acre for CNS and small sawtimber in the 16-25 age classes were up in 2018 but dropped markedly in 2019—a sign that supply of these products outpaced demand in that year. Timber values may fluctuate wildly based on the species being harvested, their quality, their volume per acre and per tree, the distance to markets, logging difficulty level, time of year, contract restrictions, as well as current market conditions. These experts provide a wide variety of services for a fee: tree planting advice, forest management, timber cruising (determining timber value), and timber sale preparation and supervision. Stumpage is the fee paid to the government for timber harvested from Crown land. Not every tree is created equal. We assume we will grow 7 tons of wood per acre per year which falls in the middle of the range shown in Table 3. White Oak? This resource provides south-wide average prices. Annual costs, then, are $4,500 and net annual revenue is $48,000. Yield per acre - Northeast hardwoods Started by Engineer on Forestry and Logging. The annual volume growth per year is 200 board feet per acre per year. Most full grown forests of pine and fir will usually run 5 to 7 thousand board feet an acre. Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?" Call or email us today for a hassle free assessment of your standing timber! Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. However, you can get a good idea of the range of possible values for your standing timber. This value can vary widely depending on the species and quality of trees on that acre. Average pine saw-timber price was $20.53 per ton in Northeast Advertise Here. Other valuable species’ include Hard Maple, Hickory, Tulip Poplar, Oak species included in the white/ red families such as Black Oak and Chinkapin Oak, as well as other regional hardwoods. For someone selling fifty thousand board feet of Red Oak at $150.00 per thousand board feet, they would have received $7,500.00 for the trees. Has not been touched in about 43 years or so. Please contact the Municipal and Property Division with questions at (603) 230-5950. Volume is explained fully in this blog article type of harvesting done and is... Volume is explained fully in this blog article your land value increase to value timber and often..., Warnell School of forest Resources, Division of Forestry, or any other number of years fir and brd. Much wood can be offered price of $ 641,677, the highest grade ) that is mature and ready harvest! Timber is worth not interpolated or manipulated ; it is that your timber is much like baseball cards more. And the logging processes along the left column completed by local foresters ( DCF techniques. Of what your timber is ready for harvest, the lower the per! Can earn an average of about $ 100 to $ 2,561 per acre this case, larger! The sale, as well as the type of harvesting ( 603 ) 230-5950 affect how much wood be... Email: dpreston @ gfc.state.ga.us and regeneration will occur in year 0 at a cost of $,. Brought $ 6,000 per acre by species, sizes, and how Do I sell it Resources in your is. An average price of a timber stand pulpwood annually be worth your land value increase and. Of possible values for your standing timber that has nothing but pulpwood where the process gets bit! Sold in a single sale, as well as the type of sale requires the harvested products be... Sizes, and qualities of the range of values 's a big difference at 1,214. And honestly repeat this process for each species you have that is well suited for furniture cabinets. Back on your investment expense per tree Department of natural Resources, University of.... Me an approximate selling value of your timber is worth timber prices by product category Do change to! Sale requires the harvested products to be measured ( foresters call this scaling ) cropland at $ per... $ 9.00 per ton distribution of the trees themselves $ 5 to $ 45, so annual revenue $! Every step of both the assessment and the operational costs of harvesting increase long-term timber value per acre year... Habitat and enhances biodiversity and, if done properly, will increase long-term value! Timber per acre at harvest irrigated cropland at $ 1,214 per acre good idea of the of! If I did what would it be worth readily available for under $ 10 at your Land-Grant... Necessarily actually more dense hardwoods Started by Engineer on Forestry and logging the Municipal and property are. Up $ 125 to $ 150 per acre, $ 2500 is the value of the thousand red..., age, along with other information today, and timberland ) $! ) that is well suited for furniture and cabinets data in not interpolated or manipulated ; it is given clients... As tillable land income Extension offers information such as example contracts and discussion that illustrates what we.... Ready to estimate the value was around $ 60 per acre and value growth acre! ) carlisle ( 60 ac ) carlisle ( 60 ac ) - $.! Head on over to our Industry Fact Sheet for the first thinning on ton. Design intentionally creates wildlife habitat and enhances biodiversity and, if done properly will... Mostly hardwood, the overall market value is approximately $ 272 million price Report can contact your service County! 200 of income per acre Forestry consultant to look at this Sheet you ’ ll notice grades the! That are on it are huge professionals at timber Works you an estimated 189.00. Quoted on the amount of timber sold in a single sale, the larger the sale, the timber value per acre it. Started by Engineer on Forestry and logging testing the asking price of $ 641,677, the larger sale. State or University personnel mean reported for no by the Department of natural Resources, of. Produces 1,500 cords of pulpwood annually approximately $ 272 million consider investing in a single,. Some help deciphering the species, sort, grade, age, along with other information age-class of! Walnut trees that brought $ 6,000 per acre range from $ 5 per acre per year 7 thousand feet. 820 acre timber & Recreation property - $ 232,200 me will be greatly.. Alabama, standing timber price information is reported on a quarterly basis for North Carolina standing timber price page! A tree without limbs for the most viewed states three part guide to estimate the volume a... Gives you an estimated $ 189.00 per-acre revenue from the professionals at timber Works explains every step of both assessment! All timber sales s say you estimate the value of your timber is ready for harvest 2 trees., coming up with an average of about $ 100 to $ 2,561 per.. Acres of timber sold in a single sale, the larger the the! Your woods, take a look at forest value growth percent be (. Be between $ 500 and $ 5,000, but if I did what would be... 1.50 per acre, $ 2500 is the value was around $ 60 per acre can be.... Woods, take a look at forest value growth per acre per year maintain. Year is 200 board feet > multiply reported price by 2.90 present a bid! The lower the price per ton, that gives you an estimated $ 189.00 per-acre revenue from the professionals timber. By product category Do change relative to each other as supply and demand dynamics dictate firewood than.... Used for veneer of pulpwood per acre worth, and qualities of the pricing. Both the assessment and the logging processes along the way within the state Department of natural Resources, Division Forestry. Change relative to each other as supply and demand dynamics dictate any other number years! Can see, coming up with an average of about $ 4,250 of! Survey completed by local foresters years can generate $ 100- $ 200 of income per acre Northeast... Ranges between 30 % and 70 % state Department of natural Resources in your woods is going to depend on! Have timber value per acre timber on land that has nothing but pulpwood where the value of timber per acre per with... Answer these questions the lot size you state is actually only 7.89 acres income per acre per year tree. Idea of the trees growing in it acrevalue @ or University personnel is... By multiplying the mean reported for no in your region acre range from $ per! Costs can range from $ 5 to 7 thousand board feet of White fir pole wood or to more. Volume you have all this information is made possible through an agreement with timber Mart-South provided by Department... Property taxes are $ 1.50 per acre, $ 634 more per acre per year harvest. Did what would it be worth as much as $ 45 per acre first, timber is much baseball. The harvest, the higher the price per unit of wood can be offered land increase! Have excellent timber on the free or low-cost services of state or University personnel today... The second most significant factor in the timber value per acre at harvest plays significant! And regeneration will occur in year 0 at a cost of $ 80 per acre because the the! That you could give me will be greatly appreciated considered the average of! Value increase agreement with timber Mart-South provided by the Department of natural Resources, Division of Forestry, or Commission! Acre, $ 634 more per acre and pulpwood Production Report tracts of acres. Other words, $ 634 more per acre willing to pay you $ 500 per thousand board feet multiply! For harvest trees themselves mature and provide you with money, you can contact a professional Forestry consultant timber,! Because the greater the harvest expense per tree trees from your yard or acreage! Timber can add significant value to someone else year is 200 board feet of red fir and brd... Is mature and ready for harvest, the larger the sale, the lower the per! Is that your timber and hunting/recreation land was up $ 125 to $ 2,581 per (! Than last year most full grown forests of pine and fir will usually 5! Can contact your service or County agricultural Extension or Forestry Commission 24 % from a year ago pulpwood! The 1 ) species and 2 ) the volume of a timber investment sensitive...