Woodland Owner Lunch and Learn - Timber Sales: Is it time to sell?
Webinar Details
When:
Apr 9, 2020 12:00 pm US/Eastern
Length: 01:00 (hh:mm)
Advance Registration NOT required.
View now on-demand.
Presenter(s):
- Robert Bardon, PhD. Professor of Forestry and Extension Specialist, NC State University
- Rajan Parajuli, PhD. Assitant Professor of Forest Economics and Extension Specialist, NC State University
Virtual Event Format:
Group Viewing Available:
Learning from experience can be very expensive when it comes to timber sales, many of which are once- or twice-in-a-lifetime occurrences. Dr. Bardon will explain how timber is sold and give tips on seeking professional help. Dr. Parajuli will explain markets and provide insight into managing for flat timber prices By using this information, you can make your next (or first) timber sale both a pleasant and profitable experience.
A landowner need not sell timber frequently to sell it successfully, but selling timber still can be a mysterious and complex process. Learning from experience can be very expensive when it comes to timber sales, many of which are once- or twice-in-a-lifetime occurrences. Years of growth and value are accumulated in a mature timber stand, and the combined annual income from all those years is frequently marketed in a single transaction. When and how you sell your timber can influence how much money you make, your overall financial plans, the cost of forest regeneration, and other management objectives.
Too much is at stake for you to sell timber without an understanding of the markets and of the quality and quantity of your timber. There are no daily market price reports for standing timber (stumpage), nor are there any government support prices. Demand and price for many timber products fluctuate widely. Remember, a single sale may be your only chance to cash in on the many years of annual income accumulated in a mature timber stand.
No single webinar could cover all possible marketing situations, nor could it make you an expert timber seller. But there are questions you should ask and answers you should know. See a forester for help before selling timber.
Publications and Resources:
- Timber Sales: A Planning Guide for Landowners
- Cutting at Financial Maturity: Maximizing the Economic Return of Your Woodland
- NC State Extension Forestry Timber Sale Resources
Additional Webinars in the Series
- Forest Management Plans, Present Use Valuation and Voluntary Agriculture Districts: What Landonwes Need to Know
- Conserving wildlife through forest management
- Managing Your Woodlands with Prescribed Fire
- Land Ownership, Liability and the Law
- Creating and Maintaining Upland Habitat
- Forest Road, Boundary Line Maintenance and Beaver Management
- Seedling Genetics and Soil Fertility - know what you are planting and how to care for it
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