Really enjoyed this podcast! My wife and I recently purchased a small tract of timber and this gave us a lot of insight on our options. One thing that you guys didn't mention that we had looked into was government funded programs through the NRCS or DNR. We want to improve our timber habitat anyways so if we can get supplemented a little while doing it might as well.
That is awesome! Congrats! Thanks for the feedback, Brandon! Chase will be doing a Facebook Q&A next week on his broker Facebook page on the topic you mentioned. You might check that out!
Timber is more akin to compound interest as to harvest value. If as in your case it takes 50 years to get Black Walnut to 20" diameter the yearly growth is 20/50 or average of .4" trunk diameter inches of growth (and for timber growth rings are remarkably stable) per year so that in year 50 your timber increases in board feet factor 25.2 versus in year 5 your timber increased by 6.3 board feet factor. So the longer an owner waits the greater the value/income for yearly growth of the timber stand. This economic reality if explained to land owners shows when to harvest and at what sustainable rates so that the yearly value/income can be set to grow each year and allow for yearly income while compensating for inflation in perpetuity. Land once managed for the long game becomes one of the best investments for creating and carrying forward generational family wealth. Ray Stormont
Selective harvest, while the concept seems attractive has pitfalls. One of note is that you rarely get quality hardwood species to "fill-in the gaps". For various reason, our deer will browse any oak that tries to regenerate, invasives, etc. I prefer small clear-cuts, the flush of brambles and native understory species abates the depredation and protects oaks, etc. Granted, the invasives need to be controlled prior to the harvest. Most biologists will tell you, for wildlife, a complete cut 5-10 acres is best for a whole suite of species.
I love the back and forth of these two. The best episodes are when Jordan gets involved.
Thanks for the feedback! We’ll get Jordan back on the mic, soon! 😀
Thank you
Really enjoyed this podcast! My wife and I recently purchased a small tract of timber and this gave us a lot of insight on our options. One thing that you guys didn't mention that we had looked into was government funded programs through the NRCS or DNR. We want to improve our timber habitat anyways so if we can get supplemented a little while doing it might as well.
That is awesome! Congrats! Thanks for the feedback, Brandon! Chase will be doing a Facebook Q&A next week on his broker Facebook page on the topic you mentioned. You might check that out!
Great video, channel look awesome, subscribed!
Thanks for subscribing!! We’re working hard to bring you more great content!
@@LandYourGround Well, you're achieving it! Great channel. Thanks. :)
🙏
Here in Ontario that 60 years is more like 90 to 100.
Timber is more akin to compound interest as to harvest value. If as in your case it takes 50 years to get Black Walnut to 20" diameter the yearly growth is 20/50 or average of .4" trunk diameter inches of growth (and for timber growth rings are remarkably stable) per year so that in year 50 your timber increases in board feet factor 25.2 versus in year 5 your timber increased by 6.3 board feet factor. So the longer an owner waits the greater the value/income for yearly growth of the timber stand. This economic reality if explained to land owners shows when to harvest and at what sustainable rates so that the yearly value/income can be set to grow each year and allow for yearly income while compensating for inflation in perpetuity. Land once managed for the long game becomes one of the best investments for creating and carrying forward generational family wealth. Ray Stormont
Very well stated, Ray! Thanks for giving such a detailed explanation of the compound interest effect!
Selective harvest, while the concept seems attractive has pitfalls. One of note is that you rarely get quality hardwood species to "fill-in the gaps". For various reason, our deer will browse any oak that tries to regenerate, invasives, etc. I prefer small clear-cuts, the flush of brambles and native understory species abates the depredation and protects oaks, etc. Granted, the invasives need to be controlled prior to the harvest. Most biologists will tell you, for wildlife, a complete cut 5-10 acres is best for a whole suite of species.