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Post by rockster11 on Nov 29, 2006 14:20:51 GMT -5
Hey everyone... I am trying to buy a property that I am very interested in... It was not until the other day that we noticed that it is LOADED to the BRIM with Black Walnut Trees..... Most of the trees are very straight with no knots, but I am having a tough time finding out how to value them... Reason I ask is I would want to use the money from them to build a pole barn for my equipment.. Does anyone know what the average tree is worth?? We saw some 30-50 footers out there, so hopefully they are worth something.. Thanks!!
Matt
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Post by bsutravis on Nov 29, 2006 14:50:59 GMT -5
I've got a buddy in the timber industry in Wisconsin, I'll drop him an email and ask him for ya. Any idea how many acres / how many havestable trees we are talking?
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Post by LawrenceCoBowhunter on Nov 29, 2006 15:11:28 GMT -5
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Post by danf on Nov 29, 2006 19:30:00 GMT -5
Sent you a PM.
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Post by Hoosier Hunter on Nov 29, 2006 20:12:57 GMT -5
Not too often to you buy land these days without the timber values figured in. Sounds like you have a gold mine.
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Post by bsutravis on Nov 29, 2006 23:47:32 GMT -5
Rockster..... Here is what my buddy sent me back as a reply to your question. He knows his timber....he's a '94 Purdue Ag Grad who has been working timber in MI and WI ever since graduation. He does exactely what you are asking, he goes onto private land and marks trees for the foresters...... Here's the reply:
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OK, black walnuts are the devils curse if you ask me. EVERYONE thinks they have the million dollar tree. 90% of black walnuts are grade 2, 3 or worse. Most grow in river bottoms where the soil sucks and they are plagued with heavy vines and often semi-open grown resulting in poor form. That being said (my soapbox sermon for the week) I was able to find out some rough $ from rates reported to the Indiana DNR by timber buyers and dudes like myself that have to report cut volumes and prices. Average sawlogs sold for $450-650 per thousand board feet on the stump (or stumpage). That is the price the logger would pay you for the tree standing. NOT what the logger gets paid from the mill. Average sawlogs would be mostly grade 2’s with some 1’s and 3’s to keep thing interesting. A nice sawlog sale with lots of grade 1’s and veneers could bring as much as $700-1000 per thousand board feet, but that seems high for most walnut. Actually, nice straight oak would bring a higher premium than walnut. Walnut is only worth big $ when there is a lot of large straight ‘gun barrel’ type trees to cut. Up here in the northwoods grade 1 and veneer logs have to be 14” or larger on the small end. I would expect that size to be bigger in IN since you guys have bigger trees.
So know I’m sure you want to know how much is a thousand board feet. Well a Bd. Ft. is 12” X 12” X 1”. A tree that is 14” in diameter and has a 16 ft. log will have about 135 board feet. The next 16 ft. cut in the same tree would yield less bd ft probably closer to 90-95 bd ft.
There you go…Forestry 101 in a paragraph or 2. Hope that helps. If he is planning on cutting some trees, a timber company is the last person to call. They can screw you pretty quick if you don’t know what you are talking about. The DNR forester dude would be your best bet for determining the volume and estimated value. Then you would some ammo to negotiate with a timber buyer and keep from getting reamed too bad.
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Hope that helps!!!
-Travis
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Post by danf on Nov 30, 2006 7:00:13 GMT -5
Gee, that last paragraph that he wrote sounds almost EXACTLY like what I told rockster11 in the PM!!  |
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Post by bsutravis on Nov 30, 2006 12:31:08 GMT -5
You must know your timber too Danf! LOL
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Post by chicobrownbear on Nov 30, 2006 14:19:53 GMT -5
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Post by Woody Williams on Nov 30, 2006 14:32:47 GMT -5
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Post by chicobrownbear on Nov 30, 2006 14:54:08 GMT -5
Thanks Woody. Call me old fashioned.
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Post by Woody Williams on Nov 30, 2006 15:29:17 GMT -5
Thanks Woody. Call me old fashioned. LOL... Old Ironsights just taught me that one yesterday... Who says that you can't teach and old dog new tricks? . . |
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Post by solohunter on Nov 30, 2006 16:04:28 GMT -5
Do you want the name and number of a professional forester here in IN? I have one that has done my sisters farm, our farm and is presently doing a farm next to ours that I was involved in? Black walnuts have been involved also.
Solohunter
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Post by bsutravis on Nov 30, 2006 16:12:09 GMT -5
Be careful Rockster.....you don't want the owners knowing what you might be up to, or else they might sell the timber themselves! Keep it discreet!
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Post by danf on Nov 30, 2006 17:06:00 GMT -5
You must know your timber too Danf! LOL I know enough to almost be dangerous. I'm a landscaper, so forestry isn't too far out of my realm. |
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Post by steiny on Nov 30, 2006 17:54:44 GMT -5
There is a guy by the name of Stewart Turner in Upland, IN that will act on your behalf getting bids for your timber, supervise the logging, etc.
Don't think you are going to get rich on timber. I sold 100 trees a couple years ago, hired the forester, got bids ... the whole nine yards. Netted out $10,000, or $100 a tree, some less, some more. The most valuable tree was a veneer grade walnut that went for $350.
If you do it right, you can harvest timber out of a woodlot about every 15 years.
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Post by danf on Nov 30, 2006 19:58:20 GMT -5
I'd forgotten about Stew Turner. I met him a few years ago when I went through wildland fire training. Guess I always think about him in the firefighting capacity, not as a forester. Don't know much more about him than that. |
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