In the first article of this series, we introduced how changing business conditions resulting from COVID-19 were impacting the basic fundamentals of supply and demand. As we continue to deal with economic uncertainty in the current business climate, our second article presents an overview of general market principles that help us understand potential changes in … Continue Reading →
Pandemic is a word that I’m not sure I could have spelled three months ago. Unfortunately, we are now all too familiar with the term and with COVID-19. I don’t think any of us saw this one coming, and they sure didn’t teach us about this in forestry school. As we deal with the general … Continue Reading →
Roughly 70% of the timberland in Georgia is owned by non-industrial private forestland owners. Most of these timberland owners go to a job every morning that has nothing to do with the growing, harvesting, or marketing of timber. Given timber is such a unique asset class and selling it occurs so infrequently, the marketing of … Continue Reading →
Historically, most entrepreneurs have acquired their initial timberland property for recreational purposes or from an inheritance. Over time, additional property is acquired, and their ownership slowly grows into a significant part of their overall investment portfolio. As time passes, the ownership develops into a sizable family forest business often met with challenges that develop during … Continue Reading →
Every timberland owner has the desire to manage their property responsibly, but there are varying degrees of knowledge about how to best accomplish that objective. Some owners seek the advice of family members, friends, service contractors, or timber buyers. Others may use government assistance or seek professional guidance.
What something is “worth” can mean various things to different people. In most cases, “worth” implies “market value”, which means the price that a preponderance of knowledgeable buyers would pay for your property.
Every landowner asks, “What is my timber worth?” The most truthful answer is, “It all depends!”
You have made the decision to sell your property but you are not sure how to start. You obviously want to get the best price you can, but how do you go about it?
Remember the good old days, when “Timber was King”? There was a broad, diverse, healthy and competitive market for timber products. For decades, timber prices were strong and rising. Clients were confident, even enthusiastic, about spending money on reforestation in anticipation of solid, competitive financial returns and revenue. Every raindrop grew a sheet of paper … Continue Reading →
Currently, forestland property taxes in Georgia average approximately three times higher than any other state in the Southeastern U.S. Amendment 3 will address this issue by: 1) provide uniformity in the valuation of timberland across the state’s 159 counties, 2) increase the conservation of forestland on properties “at-risk” of conversion to other uses, and 3) … Continue Reading →