At their peak on May 7, timber prices hit an all-time high of $1,670.50 per thousand board feet in Kentucky. Standing Timber Prices: How Much Does It Sell For? "Timber buyers routinely purchase tracts of five acres or less." Case studies show existing pine stands can earn an average of about $100 to $150 per acre per year. Current and historical timber pricing information from two different reporting services, Forest2Market, NCSU Historic Timber Prices and Timber Mart-South, is available from North Carolina State University Extension Forestry. Timber Prices. Timber sales may be affected by many factors including: logging availability (wet or dry weather) tract location tract size product type stem quality For more detailed information on timber prices, please visit Timber-Mart South. $6.00. Therefore, the price range you can pay for red oak on the stump is $35 to $125 per thousand board feet, based on your cost figures ($800 minus total costs). To further confuse the issue, hardwood timber value fluctuates based on the whims of interior designers and the public as certain wood species come into style, then fade away only to come back into vogue a decade or two later. Timber Prices | Forest2Market's blog covers forestry, wood products, . Ohio Timber Price Reports The Ohio Timber Price Report is produced twice a year (January and July) and is a compilation of data received when Ohio forest products companies are surveyred as to what prices they are paying for material. Market Report 1st Quarter 2022. Negotiated sales involve face-to-face bargaining between you and the buyer. Also, home construction is expected to increase over the next few months, so this is an excellent opportunity to market older pine saw timber. Our hardwood sales are generating considerable buyer interest with offers . Last updated: 6 Oct 2022, Next update: 15 Jan 2023. Stumpage price data are reported for six timber product categories (pine sawtimber, chip-n-saw, and pulpwood, and oak sawtimber, mixed hardwood sawtimber, and pulpwood). Pulpwood Pulpwood is wood harvested for making paper and products other than lumber. Overall, hardwood sawtimber markets saw slight improvements during the latter half of the 1st Quarter. 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. 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. Sawtimber pricing is for logs that are suitable for making lumber. Mississippi Timber Prices We've updated current timber prices in Mississippi as we head into 2022. 4. Often, the larger the sale, the higher the price per unit of wood that can be offered. Figure 8. These prices are averaged across the entire state per quarter. . Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Bid value of public agencies stumpage increased to $48.3 million, up $10.6 million or 28.1%. Get Started! The wood has a close, fine texture and is generally straight-grained, but can also occur as "curly," "fiddleback," and "birds-eye" figures. Continue Reading. Use with care. Data is shown for the last 15 years. $450 x 1.7 = $765 per thousand board feet. Contact TMS directly for 3Q2022 reports or news Last updated: 6 Oct 2022, Next update: 15 Jan 2023; Firewood (Hardwood) - 55-65/t roadside. Since stumpage or log prices are based on the timber or log volume, you will receive substantially more income with the rules that scale your sizes higher. Red oak is one of Alabama's most abundant hardwoods and is often used in flooring and cabinets. They are reported here to provide a general idea of the current prices and price trends of these products. Now, timber futures prices are on track for their sixth consecutive weekly loss, wiping out all of their 2021 rally. "That doesn't mean you plant the trees and get $100 to $150 a year -- landowners must properly manage the timber, thinning a few times over the 35-year lifespan. HARDWOOD LUMBER PRICE LIST At Hearne Hardwoods, we sell rough sawn, random width and length lumber. Oak and maple sawtimber averaged >$400 per Mbf, oak up 50% and maple up 144% y/y Timber Value Given $40,000,000 % of Gro s Timber Value Calc 62.5% Timber Volume Growth Rate Given 2.00% Timber Value Growth Calc $800,000 ncrease i Va lue Ca c 3.20% We then assume the biological growth rate is 2%. This is a level that can be achieved under all three stocking levels shown in Table 1. Thinning values per acre for CNS and small sawtimber in the 16-25 age classes were up in 2018 but dropped markedly in 2019a sign that supply of these products outpaced demand in that year. The minimum top diameter is dependent on local utilization standards. Stumpage prices below are the statewide averages for the products and time periods indicated. Environmentally friendly & sustainable: Hardwood timber derives from a natural and renewable source. For example, take a log of 16 inches diameter x 16 . Virginia State-wide Average Stumpage Prices - US$ per ton; Source: TimberMart-South See also sample Summary Report and State Report (also in PDF format). Our assessment of market conditions is derived from published market reports, as well as sales conducted by Tennessee Timber Consultants. Southern New England Stumpage Price Survey Results. $8.00. Timber is generally sold by one of two methods: negotiation or sealed bid. You should seek the advice of your Registered Forester to determine which method is best for you and your harvesting objective. Prices paid for standing timber can be influenced by many factors, including but not limited to: timber quality, distance to market, accessibility of property, sale volume, market demand, season, skid distance, landowner requirements, and logging costs. Source: TimberMart-South. As always, if you're interested in selling your timber or using a consulting forester to handle the sale and marketing of your timber for you, please visit our homepage and click the "Sell My Timber!" button. Of course, the law of supply and demand dictates that the popular species are more valuable. Fencing - 65-75/t (delivered) Roadside - 50-60/t. Hickories are often found with oaks in Alabama's forests. of Natural Resources Box 30452 Lansing, MI 48909-7952 Phone: (517) 284-5843 If you can't find the information you are looking for on this site, please contact us, or try the various state foresters web sites. Data is available for Eastern and Western regions of the state and as a statewide total, and is reported for four different product classes: pine pulpwood . 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 - 220 Upward slightly Beech 3 - 5 45 - 120 Steady If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. 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. Instructions for filling out the worksheet and assumptions are given below; a blank worksheet is provided at the end of the publication. Pound strengthening against the Euro. 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. These prices represent statewide averages for pine and hardwood timber products. Red pine sawtimber average bid price $148.33 up $21.85 or 17.3%. In the Northeast, it is usually 8 inches for sawlogs (Figure 8). It has a low carbon footprint where production uses less energy than the production process of other materials. It is measured in cords or tons. Timber Market Report . If there were a lot of ply logs or hardwood logs it would have produced a decent price per acre with those prices. Listed below are the species that we typically have in stock. See also sample Summary Report and State Report (also in PDF format). Your total cost is $100 per thousand board feet. Unlike 2020 and the first half of 2021, where prices were flat throughout the year, stave logs experienced a 21% increase in the second half of 2021. 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. $0.00. However, wood quality is usually less than that of oak, so it may be of less commercial value. Determine a Selling Method. *Prices shown are based on per ton stumpage price. Timber Sales Specialist Forest Resources Division Dept. The average stumpage price is $300/MBF, or $1,800 per acre total value. Chipwood 60-65/t (delvered0 Roadside - 45-50/t. The price fell another 6% on Wednesday to around $710 per thousand board feet. Still, there are factors that could . Mean Median. Led by insatiable demand for small pine and hardwood logs, the weighted average price for southern timber surged to a. For example: $450 x 1.5 = $675 per thousand board feet. The report lists price data for sawlogs delivered to the mill ad for stumpage. The lengthy growth process of the trees pulls toxic co2 gases out of . Brexit uncertainty. To figure out how much your timber is worth, multiply the volume by 1,000 and multiply that by the price listed in your state's standing timber stumpage report. The market for white oak logs is expected to remain strong in 2022. Most of our lumber is priced by the board foot (to calculate board footage, convert a board's dimensions to inches, multiply the length x width x thickness, now divide that number by 144). The Species in Your Woods -. Alabama State-wide Average Stumpage Prices - US$ per ton. The average stumpage price is $1800 per acre in total. $0.10 x 1,000 = $100 per thousand board feet Of course, this example uses rough figures. Lumber prices are receding quickly. Remember that these are average prices, and they can change depending on specific influences. That is the average cost of timber per acre, but it is subject to change regarding the factors. The wood of sugar maple is described as creamy white sapwood with a slight reddish brown tinge, with heartwood that varies from light- to dark-reddish brown. Re: timber value per acre [ Re: bwhunter ] #2127900 06/01/17 04:19 PM 06/01/17 04:19 PM $100,000 / 1,000,000 bf = $0.10 per board foot in cost Now, transfer that into cost per thousand board feet by simply multiplying $0.10 by 1,000. Oil prices falling. However there are some uncertainties on the horizon. However, excessive branching, irregular form, and other defects may also determine the upper usable limit of the stem. Saw logs are higher quality and are more regular than wood sold as pulpwood. $0.00. This information is made possible through an agreement with Timber Mart-South. October 05, 2021 . Current timber market prices can provide an estimate but each timber . These are stumpage prices, which reflect the value of standing timber (not delivered prices). It is particularly desirable in homes with pets and/or children. Sawtimber is priced in dollars per thousand board feet (mbf). West Virginia. Should the landowner harvest now or wait 5 years? Contact TMS directly for 3Q2022 reports or news. 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. In the scenario, the stand of mixed hardwoods has 6,000 board feet (6 MBF) 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 Per Forest2Market's southern yellow pine (SYP) lumber price composite . The more volume you have that is mature and ready for harvest, the higher the sale price will be. As such, they only serve as reference points and are not the exact prices landowners will be paid for their timber. Would-be lumberjacks should expect to pay $1,000 to $2,000 per acre, plus the value of the timber growing on it, which can add anything from zero to up to $15,000 an acre to the price. $0.00. Global slowdown in timber demand and prices. Red pine cord products average bid price $39.42 per cord, up $7.49 or 23.5%. The average stumpage price is $300/MBF or $1,800 per acre. High-quality oak sawtimber can bring a price premium. This is called your return-to-log (RTL) calculation. First, timber is much like baseball cards or more broadly any commodity with a value to someone else. The gross timber value is $40 million. The "Stumpage Value Over Time" chart shows how stumpage value changes for the selected species over time. In the 1296. Both sapwood and heartwood can contain pith fleck. It is most often determined by a minimum upper stem diameter (e.g., 8 inches). Markets are averaging over $1.69/bdft (Figure 5) with logs ranging $1 to $2.50 per board foot. 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. Appalachian Hardwood Center PO Box 6125 329 Percival Hall 1145 Evansdale Drive Morgantown, WV 26505 Accreditations; Web Standards . Generally speaking, annual real estate taxes range from as low as $3 per acre in some areas of Pennsylvania to as high as $20 per acre in some areas of New York.
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