In the first two articles of this series, we introduced the basic business fundamentals of supply and demand and working markets during the COVID-19 crisis. In our final article, we will explore how incentives are driving management behaviors in the COVID-19 economic environment. I’ll also provide insight into why the free market capitalistic economy can … Continue Reading →
Industry Observations: Markets Work
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 →
Industry Observations: COVID-19 Impacts
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 →
Exercise Caution When Selling Timber
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 →
The Challenges of Managing a Family Forest Business in Transition
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 →
How Do I Responsibly Manage My Lands?
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.
FRC Selected as National Consulting Forester of the Year
The Forest Landowners Association is proud to recognize Forest Resource Consultants, Inc., as the 2019 Consulting Forester of the Year. This national award is presented to a consultant who not only excels at managing forestland but also exhibits leadership for private landowners outside of their business operations. “Forest Resource Consultants has partnered with the Forest … Continue Reading →
How Much is My Land Really Worth?
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.
What Is My Timber Worth?
Every landowner asks, “What is my timber worth?” The most truthful answer is, “It all depends!”
What Are the Options for Selling My Land?
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?