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Velvet
by swamp_fever2002. 05/02/24 06:48 PM
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Re: WSJ article on Southern Timber
[Re: hosscat]
#2613266
10/19/18 10:33 PM
10/19/18 10:33 PM
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Joined: Nov 2013
Posts: 921 'Possum Trot
59Hunter
6 point
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6 point
Joined: Nov 2013
Posts: 921
'Possum Trot
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In my little area of the state (pike co) you can still buy dirt for $1000-$1200/acre. You have to look hard but its still out there. This is cutover land, no timber value, not improved pasture. If its 4-5 yo cutover, plan on $200/acre to have it windrowed. I have a boomless setup that I use to spray with my tractor, so I get to save part of the $110/acre for chemical site prep. I will still have the chemical costs which were around $40/acre if I remember correctly. Plan on $86/acre for mechanical planting, not including seedlings. Loblolly elite seedling from Arborgen run about $80/1000. At 605 trees/acre this adds nearly $50/acre to the $86/acre for the dozers. I have a tract being windrowed right now and it looks good enough I think I can re-plant it using my tractor and tree planter.
I doubt converting the land to pasture would cost more than what I will have in the site prep and cleanup as the crew windrowing right now is doing an excellent job. But I know I don't have time to raise cows or hay production. Definitely not enough tie for row crops. So in my situation timber is the only alternative that "should" give me some return on investment.
I should have less than $300/acre in the site prep and planting of this stand of trees, assuming I am able to do the planting and spraying with my equipment. Hopefully I will get that back at the first thinning. Then I should have a 2nd thinning and a clear cut that should cover the cost of the land purchase and hopefully some profit.
Now for the real important part. Lord willing I will re-plant after I clear cut then give this tract to my kids with young seedlings already on it. They will reap the real financial benefits. And along the way I will have had the pleasure of hunting/land management. You can site prep and replant for +/- $200/ acre most years barring extreme chemical or fuel prices. Hard to do with your own equipment unless you have a helicopter and a stable of manual laborers proficient with a dibble stick. In your area I’d call Michelle Isenberg, Habitat Solutions, (256) 749-3261.
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Re: WSJ article on Southern Timber
[Re: Rebelman]
#2613276
10/19/18 10:48 PM
10/19/18 10:48 PM
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Joined: Nov 2013
Posts: 921 'Possum Trot
59Hunter
6 point
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6 point
Joined: Nov 2013
Posts: 921
'Possum Trot
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gotta love it if you wanna have timber land. more recreation value, compared to growing timber I respectfully disagree completely. You have to remove the emotion if you truly want to maximize value. ^^^This. Plus, it’s a marathon, not a sprint - i.e, not a flippers market. Not a great investment if you are using borrowed money and have to cash flow every 30 days. But, if you you’re willing to park money like in the stock market or mutual fund, the long term yield isn’t something to sneeze at if you manage properly and are able to hold on IRR until you can take advantage of a spike market. Plus, neither land nor timber will ever go to $0 like the Colonial Bank stock I had a few years ago, and you can’t make memories with your children spending a weekend on a mutual fund.
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Re: WSJ article on Southern Timber
[Re: Cleckler]
#2613279
10/19/18 10:50 PM
10/19/18 10:50 PM
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Joined: Jan 2011
Posts: 38,489 N. Bama
257wbymag
Boo Boo Head
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Boo Boo Head
Joined: Jan 2011
Posts: 38,489
N. Bama
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Michelle was a great BASF forestry rep. She knows her stuff
Quietly killing turkeys where youre not!!! My tank full of give a fraks been runnin on empty I'm the paterfamilias
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Re: WSJ article on Southern Timber
[Re: 59Hunter]
#2613384
10/20/18 07:09 AM
10/20/18 07:09 AM
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Joined: Jun 2015
Posts: 14,029 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,029
Some Marriott/Auburn
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gotta love it if you wanna have timber land. more recreation value, compared to growing timber I respectfully disagree completely. You have to remove the emotion if you truly want to maximize value. ^^^This. Plus, it’s a marathon, not a sprint - i.e, not a flippers market. Not a great investment if you are using borrowed money and have to cash flow every 30 days. But, if you you’re willing to park money like in the stock market or mutual fund, the long term yield isn’t something to sneeze at if you manage properly and are able to hold on IRR until you can take advantage of a spike market. Plus, neither land nor timber will ever go to $0 like the Colonial Bank stock I had a few years ago, and you can’t make memories with your children spending a weekend on a mutual fund. For me that is a great example of why index funds are safer than individual stocks and that the vast majority of should stay away from individual stocks. Likelihood of an index fund going to zero is pretty slim. But yes both have pros and cons, got to invest in what does well for you.
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Re: WSJ article on Southern Timber
[Re: Cleckler]
#2614692
10/21/18 09:13 AM
10/21/18 09:13 AM
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Joined: Dec 2002
Posts: 11,367 Kennedy, al
globe
Booner
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Booner
Joined: Dec 2002
Posts: 11,367
Kennedy, al
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I wouldn't buy any more land for timber (only) unless the site index is through the roof or its a super steal. Good bottomland will outgrow red hills by at least a third. I've lived long enough to see it first hand in multiple locations.
Everything woke turns to shucks
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