How to Protect Your Timberland InvestmentBy Angela Smith, Communications Manager
October 01, 2021
Owning timberland offers tax advantages, flexible harvesting, favorable supply and demand and price stability.
Owning timberland can be one of the best investments you can make. It offers tax advantages, flexible harvesting, favorable supply and demand and price stability. So, if you just purchased some land with timber or are thinking of buying in the future, our partners athave offered some tips for managing your investment.
Hire a professional.
A land professional like a certified forester can work on behalf of a landowner
to make sure their goals and objectives are met and help get an accurate value
of timber in the current market. They can also assist in transactions for
harvest agreements or a timber deed between a seller and buyer.
Figure out your objectives
as an owner. What do you want to get
out of your timberland investment? Are you expecting to generate income? Use
for recreational activities like hunting or fishing? Conservation and wildlife
management? Each objective requires a unique plan in order to reach these
objectives or goals.
Create a land
management plan. A land or forest management plan is important for any
timberland owner. Key components of a plan include a property description, a
property map, forest stand descriptions and management prescriptions for each
timber stand over a time period, typically 10 years. Having a plan with a
timeline can increase your chances of reaching your goals.
Know the risks.
Owning real estate no matter what the type comes with liability and risk. Major
risks to timberland include fire, insects, wind damage and disease. A forester
or other land professional can help you manage those risks. You can also
purchase liability insurance.
Reap the benefits.
Owners of timberland can take advantage of many benefits like incentive
programs and reduced property tax programs. Consult with your forester, local
extension agent or local USDA Natural Resource Conservation Service to find out
what programs are available to you. Another resource is timbertax.org.
United Country Real Estate has land professionals all over
the country ready to help you protect your next investment. Visit