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Assess Land and Timber Value for Harvesting

4:32
15:32
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WHAT NOBODY'S TELLING YOU ABOUT MAKING MONEY WITH LAND! Tax Day!

What happens here

Begin by assessing your property's timber. Identify areas with mature trees that could be harvested for profit or to clear land for other uses, such as pasture. The speaker mentions cutting approximately 100 acres of timber when they first acquired the farm to clear pastures. It is crucial to contact your local US Forest Service or equivalent state forestry agency. These representatives can evaluate your timber, advise on whether it's ready for harvest, and suggest suitable management plans (e.g., clear-cutting, selective logging, replanting). They can also provide information on forestry programs that might offer tax savings or other benefits. Understanding the timber value is key to making informed decisions about land use and future investments.

Goal: This initial step involves evaluating existing timber on the property for potential harvesting, considering both financial returns and land clearing goals. It is recommended to consult with local forestry services for expert advice on timber value and sustainable harvesting practices.

Tools and materials

  • Local Sawmill
  • US Forest Service Representative

What they say

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on your farm alright guys I think it's befitting that we paid our taxes on this day that we're going to discuss how to make money on your land without ever even having to lift a finger you might have to lift your brain a little bit but you won't have to lift a finger so we cut somewhere in the neighborhood of a hundred acres of timber here on the farm when we first bought it a lot of that cutting was so that we could clear pastures and our entire goal was to make enough money on the timber sales to clear our pastures and we did almost so we made about forty two thousand dollars that was our net return on our timber sales and our timber wasn't nice big beautiful timber it was just like what you see back here which is trees about this big - about this big now once in a while you'll run up on a great old big poplar or something like that or big pine but really we just had what I call scraggly land with scraggly trees we took that money we reinvested it in the farm now another way you can make money on your farm without lifting a finger is base camp leases base camp leasing there'll be a link in the video description down below our 200 acre farm here they quoted us $2,700 which would more than pay the taxes on the farm with a thousand dollars profit which is SuperDuper awesome guys so we have pretty low tax basis here where we live in North Carolina but again there'll be a link down the video description and if you're looking for a place to go hunting if you haven't bought your property yet you can also go to those guys and they can outfit you with a local person in your area where you can hunt pretty cool we're going to take you around we're going to show you the pine trees that we planted I guess it's been last March and we did a video on that I'll post a link right up here to that video and they'll also be a link at the end of this video so you can see when we planted our trees how that was done so this area back here behind us has not been cut and the reason it hasn't been cut is because you can't cut within 50 feet of a creek interesting so let me show you some places that we have not replanted and then we'll take you over and show you some places that we did replant now we're on year number two I do believe on our pine trees these are loblolly pine trees it's what they typically plant here in my area of North Carolina so whether you have property now or not the first step you need to make if you're looking at property and you're wondering about the…

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