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Author Topic: Value of timber  (Read 775 times)

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Offline jbowar

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Value of timber
« on: September 29, 2018, 10:52:32 PM »
I am new to all of this, including this site and really appreciate all of the information I have learned so far and I am struck by how nice and sincere all of the responses are.  I realize this is likely an impossible question to answer, but I am wondering what a general range of values per acre are for timber on 160 acres of very heavily wooded land in northern Minnesota - Oak, Maple, Pine and Aspen.  I realize there would be a tremendous range without anyone seeing the land, but even that would be helpful. 
I am mainly looking at the land as something to hand down to kids and grandkids. My understanding from some reading is that it would be best for the land to have some of it logged.  Is that correct?  I would mainly want it well managed and would be looking at hiring a forester, I am planning on putting in an offer on the land soon.  Any info is greatly appreciated, thanks!

Offline mike_belben

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Re: Value of timber
« Reply #1 on: September 30, 2018, 12:42:11 AM »
Value on the stump, at the mill or stacked in the kiln?

Youre gonna need to put up some pics.  Size and quality are critical.
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Offline WDH

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Re: Value of timber
« Reply #2 on: September 30, 2018, 08:19:07 AM »
It would worth the cost to hire a Forester to appraise the timber and give you initial advice on a management plan.  If you proceed to buy the property (if you do not already own it), then you can develop a more detailed management plan.
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Offline Clark

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Re: Value of timber
« Reply #3 on: September 30, 2018, 07:04:32 PM »
EDIT: My first response was written more in response to the other responses and not your question... My apologies. Land is going for ~$1K/acre right now, presuming it's not on a lake, no buildings and doesn't have some aura around it that hunters over value. I'm a hunter myself but if timber doesn't add value to the property (it does but it doesn't change the price/acre) then food plots should also be valued at zero.

Original post:
I'm biased but you need a Stewardship plan which will lay out a course of action for you based on your desires for the property and the condition of the biotic (plants, animals)and abiotic (soils and hydrology) elements present. With that in place you can get very good deals on your property tax. The first step would be to find a plan writer:

FURTHER EDIT: When buying property with timber, it is very wise to have a timber basis established. It can save you thousands of dollars in taxes.

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