Michigan timber prices 2019

Michigan timber prices 2019

The markets for oak, maple, ash, basswood and cherry veneer and sawlogs have become very active in the past few years. This means that timber buyers are approaching more landowners who have hardwood timber. The more you know about Michigan timber markets and the process of selling timber, the better able you will be to get the best price for your timber and the highest profit from your woodlot.

michigan timber prices 2019

The value of your timber first depends upon how much of it you have. Standing timber is known as stumpage and is usually sold as pulpwood, sawtimber or veneer. How much volume you have in each tree is determined by measuring the diameter of the tree at 4. Veneer logs generally must be at least 12 inches in diameter at the smaller end and sawlogs must be at least 10 inches.

michigan timber prices 2019

Volume tables are available from your County Extension office if you would like to try to estimate your timber volume yourself.

You look up the volume of a tree in these tables based upon its DBH and the length of the potential log or logs. Since the volume estimates from each of these scales is different, it is important to know with which scale your timber is being measured. A tree 30 inches in diameter, measured 4. The same tree would have only board feet using Doyle and using Scribner.

The Current Markets [1]. Veneer and sawtimber are of special interest as their value is often several times that of pulpwood.

Stumpage prices [2] for many Michigan hardwoods had been increasing for several years but prices decreased over the past year in some areas for several species. Ash, basswood, and black cherry prices declined throughout the state over the past year. Aspen prices declined except in the northern Lower Peninsula and soft maple declined in most of the state. Hard sugar maple and white birch prices, however, increased except in the western Upper Peninsula. Hard maple is still in demand for furniture and for trim and cabinets in houses and offices, hence the relatively high prices paid for it.

As hard maple replaced oak in many consumer goods, at the beginning of hard maple stumpage prices began to surpass those for oak.

michigan timber prices 2019

Prices for veneer quality stumpage are usually significantly higher than are those for sawtimber. Veneer stumpage, however, must meet high quality standards and be straight and free of limbs, holes even small bird pecksand other defects. You can use the average stumpage prices above to get a general idea of about how much you can get for your timber.

But stumpage value depends not only upon the volume you have to sell but other factors as well. Prices paid for any sawtimber and veneer stumpage vary greatly depending upon the season of the year and timber demand in your part of the state.

Seasonal fluctuations in prices occur when wood becomes more scarce, for example because of poor timber access during spring thaws. There is more hardwood timber buying in the southern Lower Peninsula because this region is closest to the hardwood-using mills in southern Michigan, Indiana, and Ohio. In the Upper Peninsula, however, some hardwood prices can be quite a bit higher than those in the northern Lower Peninsula.

What it would cost a buyer to harvest your timber is another large factor. The amount of timber you have to sell in one tract and how easily it is accessed affects the buyer's harvesting costs and profits. The easier a site is to harvest, the higher the stumpage price you should be able to get for the timber on it. Likewise, the more restrictions you put into your timber sale contract, the more costly your timber becomes to harvest and the lower the stumpage prices you will be offered.

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Timber sales should usually be competitively bid to determine the actual market value in your area. The bid with the highest stumpage value, however, is not always the best choice.

The reputation and other characteristics of the bidder should be taken into consideration as well.Prices are based on an average calculated from a sample of timber buyers across the U.

Actual prices may vary. Check out our new Timber Products page for an in-depth guide to the different types of timber products, definitions of common forestry terms, and videos of the milling process. Timber prices are directly affected by the forces of supply and demand.

If mills need wood, prices go up. However, there are several other factors that influence the price of timber by region:. Mills — Mills are the foundation of established timber markets, because they determine what products can be bought and sold. The distance your timber has to travel before it reaches the mill is taken into account by timber companies when bidding for your timber.

The distance to and from the mill is directly proportional to a timber companies overhead. The further they have to travel, the more gas they will use and the higher their costs will be.

Products — Some geographical areas are known for specific products that may not grow well elsewhere. In turn, some areas will have higher prices than others, because markets exist as a result of their products. Competition — Ultimately, timber markets are driven by competition.

States are very similar to regions, because the market effect on timber prices is universal. The same factors that determine regional prices, also influence markets in different states.

New Hampshire and Vermont Timber Prices - Winter 2019

The geography, measuring system and products may be completely different, but the market operates in a similar way. For specifics, check out the previous FAQ about price by region.

Timber Update exists to give landowners access to timber companies that compete for your business. You can fill out a form and get connected or you can search our timber company database and connect with a timber company yourself.

MARCH 2020 Hardwood and Softwood Saw Log Prices

When timber companies compete, you win!Discussion in ' Wildlife Habitat ' started by Luv2hunteupFeb 8, Log in or Sign up. Feb 8, 1. If you own woods, you should manage them properly. Part of management is selling timber; these are the basic things you should know if you ever sell timber. This may not mean that all bonded buyers are reputable but it gives you a good starting point.

A good timber contract can go a long ways to ensure that you have a good experience selling timber. The contract should state how the trees are marked, how many trees, the purchase price, time period to remove the timber, what logging conditions are acceptable dry or frozenand who is liable for damage to the property, etc.

If the trees to be harvested are marked there is no question as to which trees should be harvested. It is also advisable to solicit comparable bids on the timber when each company is bidding on the same item.

Think about what you are doing. Once you sign the contract or accept the money there is no going back. The deal will more than likely be there tomorrow, so take time to check it out. Timber varies considerably in price-know what you are selling. The woods contains many different species, each maturing at a different age and size, when selling on a diameter limit you often will over-cut the woods selling many trees that would increase significantly in value in the near future.

Trees vary considerably in value, often only from a few dollars to hundreds or on occasion thousands of dollars. Selling only the best trees is called high grading and can hurt the long term productivity of the woods.

Unless you know how to cut and scale trees you are relying on the buyer to determine what trees are worth and to maximize the yield from the tree. Some buyers may not want to mess with the lower grade logs at the tops of the tree even though there may be value in those logs. Accepting cash may not be a problem, but it often may entice you into acting too quickly to sell.

A management agreement may sound good, but there is usually a cost. The buyer has a conflict of interest if he works for the timber company and they want your timber.

Top Ten Things Not To Do When Selling Timber

This may sound like the logical thing to do the problem is trees can be damaged on purpose. When the trees are marked care should be taken to make sure the trees can be harvested without damage to the remaining trees. Luv2hunteupFeb 8, Feb 8, 2. Your post can save some guys a lot of heartache and money.

I'd add one more: Don't let a forester talk you into preserving or harvesting a tree that happens to be an ideal stand location. I don't care if it's a veneer grade Black Cherry or Sugar Maple, the stinking tree isn't worth it if it costs you a great hunting spot. Hang the stand and hunt from that tree!

I sold about trees back in '03, and it really is surprising how little a tree can be worth, at least in comparison to what we put into our hunting properties, and what the value of a good stand location is to us hunters. I'll no longer hesitate one moment to screw treesteps into any Black Walnut on my farm.

Feb 13, 3.Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?

Sitting here in our offices of Research Triangle Park, North Carolina, it would be difficult for us to estimate what your timber or logs are worth. This is for at least five possible reasons. Our recommendations on how to sell timber are similar to those for determining what timber is worth:.

One last bit of caution. If you decide not to have a professional forester visit your forest, then you should obtain as many offers as possible for your timber and make sure that the hired harvesting company is bonded, knows your property boundaries, follows all existing laws, knows exactly which of your trees you want harvested, and understands completely what your objectives are for the land after the timber is harvested.

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Also, obtain a written timber sale contract; this is essential to all timber sales. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. Our free timber price information page also now includes links to sample timber contracts for the most viewed states.

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Selling timber is not simple, and there are many potential ways in which a landowner working without professional forestry expertise can be taken advantage of. Several scientific studies have shown that timber sellers who hire a professional forestry consultant to organize the sale end up with profits equal to or greater than profits accruing to timber owners who do not hire a professional forestry consultant, even after subtracting out the consulting fee.

Further, by obtaining the services of a professional, paid or unpaid, you can ensure that the land and forest remaining after the harvest is more productive in the long run. What Is My Timber Worth? First, even though statewide or regional prices can provide a taste of the level and trends of prices, what your timber is worth is somewhat dependent on local market conditions.

If your timber grows near a lot of mills, your timber might command a higher price than if the timber were far from mills or close to only one or two mills. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. A large, top quality black cherry, for example, would command a significant price premium as a veneer log, while limby and crooked sweetgum might be priced as pulpwood.

Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Often, the larger the sale, the higher the price per unit of wood that can be offered. 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. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. Fourth, what a timber buyer will pay for your trees depends on the conditions of the site in which they are growing, which affects how expensive it is to remove them and haul them to a mill.

Variables such as distance from the stand to the nearest road, slope, soil wetness, and whether temporary bridges need to be built across streams all can affect operational costs of harvesters and hence what they might be willing to pay to harvest a stand of trees. Fifth and finally, state and local timber harvesting and management practices laws can affect what kind of harvesting equipment can be used, how close harvests can come to streams, and what contingencies must be made if there are local populations of vulnerable or legally protected plant or animal species in your area.

All of those things can affect how much wood can be removed and the operational costs of harvesting. Higher costs translate into lower prices offered. There are, however, several ways you can obtain information about the value of your timber: First, you can call on the free or low-cost services of state or university personnel. In some states, you can contact your state service forester, who might work for the state Department of Natural Resources, Division of Forestry, or Forestry Commission.

One way to locate these foresters is by visiting the National Association of State Foresters websitewith links to state service forestry agencies. Or, you can contact your Forestry Extension or county Agricultural Service agent.

Extension Forestry personnel are typically located at your state's Land Grant university, often in the Forestry Department. Agricultural Extension personnel work in county offices and can be found by searching in your local phone book.

Alternatively, you can visit the website of the Cooperative State Research, Education, and Extension Servicewhich contains links to every state's free services, often including forestry assistance by professional foresters. Second, you can contact a professional forestry consultant.Court Street Flint, MI map — directions phone fax. Michigan Timber offers custom-made roof and floor trusses, engineered wood products, timber trusses, laminated beams, wall panels, wood pellets, and many other specialty products.

We specialize in producing wood roof trusses to meet any need. In our many years of experience we have built almost every roof truss imaginable. Floor Trusses are an essential part of every building. We custom design all our floor trusses to meet your specifications. We can produce floor trusses up to 40 feet long and 30 inches deep. We will custom design an Engineered Wood Product package that will exceed your expectations.

Wall panels are built off-site and shipped to the jobsite prior to installation. There are huge benefits to this, including greatly reduced on-site build time while maintaining a very high quality wood product.

See video Michigan Timber offers custom-made roof and floor trusses, engineered wood products, timber trusses, laminated beams, wall panels, wood pellets, and many other specialty products. Roof Trusses We specialize in producing wood roof trusses to meet any need.

Floor Trusses Floor Trusses are an essential part of every building. Wall Panels Wall panels are built off-site and shipped to the jobsite prior to installation. Designed and Hosted by IX Publishing.Purchase item on Shop. At some time, nearly all woodlands are likely to experience a timber harvest. For many woodland owners, this is a once- or twice-in-a-lifetime event.

Once a woodland owner decides the time is right for a timber sale, the questions surrounding forest products and pricing become important. Timber harvesting is the main tool through which forest management goals are met, including financial returns, forest regeneration, improved forest vigor and health, ecological services, wildlife habitat improvement and visual quality.

Unlike most other raw materials, wood is a renewable resource, and harvesting provides many benefits. The many kinds of harvested forest products include veneer logs, sawlogs, sawbolts, pulpwood, utility poles, cabin logs, energy chips and firewood. The production process begins when a forest owner sells standing trees — stumpage — to a logging contractor.

Valuing Trees - what is a tree worth?

The logger manufactures products in the forest, which are loaded onto trucks and delivered to a mill, such as a pulp mill or sawmill. A logger makes a living from the margin between stumpage and delivered mill prices. It is not an easy job, requires many skills and is filled with risks to personal safety and investment.

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From the mill, a wide variety of products flow to secondary manufacturing mills. In this process, the price of stumpage is important to forest owners and can be a source of confusion and misunderstanding.

There is no commodity market or standard pricing schedule for stumpage. The Internet does not have pricing for private sales that will be accurate for products in your particular location. There are a few sources of regional trends. Though the Michigan Department of Natural Resources makes price information on state-offered timber sales available, these sources are not always applicable to a private sale on a particular ownership at a particular time.

Forest owners need to be aware of certain things when deciding how to sell their timber. Second, there are no standard prices for harvested forest products.

michigan timber prices 2019

The variables are many, and the prices often change with the seasons or even over shorter periods of time. Third, the specific trees that interest loggers can vary from contractor to contractor, depending on their market connections, equipment configurations and the status of the economy. Working with a consulting forester can help reduce some of the mystery and uncertainty associated with selling timber. The economic chain from forest to consumer is a complex web of pathways, beginning with the forest and forest owner.

Like stumpage prices, how standing trees are sold can vary. The simplest method is a single price for all the trees to be sold.

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This is called lump sum. Payments might be made on a schedule that would be spelled out in a contract. The advantages and disadvantages of each sale arrangement, including their potential tax implications, should be examined with a consulting forester. Once trees have been harvested and removed, it is too late to discuss a misunderstanding.

Contracts help protect forest owners and the contractor. Having a contract with a logger is always recommended, and the forest owner needs to understand the contract language. Contracts can be fairly simple or complex depending on the kind of timber sale.Follow our three part guide to estimate the value of your standing timber.

Whether you want to calculate the value of each and every tree, or just familiarize yourself with the process, these articles will give you all the tools you need to identify, estimate volume and value of your timber.

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After you know what tree s you have, click here to head on over to our blog post on estimating standing timber volume. Once you know the 1 species and 2 the volume, your ready to estimate the value of your timber. Keep reading. Not every tree is created equal. Some are straight and limbless for long spans while others are crooked and have many limbs in the first 8 feet.

There are even possible defects such as hollow centers or mineral stain that are often impossible to detect while a given tree is still standing. For this reason, within a given species, there is potentially a very wide range of values. Since timber is sold by the board foot a volume measurement equal to cubic inchesthe board footage you harvest is the single most important factor in estimating the value of your standing timber.

The more volume you have that is mature and ready for harvest, the higher the sale price will be. After the volume of a particular tree, the second most significant factor in the value of a timber stand is species composition. Is that tree Black Walnut? White Oak? Red Oak? While prices change over time due to market trends, the highest value timber in the Ohio, Indiana and Northern Appalachian region is consistently Black Walnut, followed by White Oak.

In general hardwoods tend to be more valuable than softwoods though this is not because they are necessarily actually more dense. The species composition of your woods is going to depend mostly on where in the world you are. Tree varieties tend to grow along latitudinal lines. The good news is that the our region produces some of the best hardwood timber in the world—if you have a mature woods in this part of the country, it certainly has some real value.

If you need some help deciphering the species of the trees in your woods, take a look at the gallery below. This is where the process gets a bit complicated.