Michigan Forest Products Timber Sale Contract Michigan Form
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People also ask
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What is the Commercial Forest Program in Michigan?
The Commercial Forest (CF) program provides a property tax incentive to private landowners to retain and manage their forestland for long-term timber production and to provide foot access to the public for hunting and fishing. It is a voluntary program.
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How much does timber profit per acre?
Scenario A: Financial Plans for Timber Production ProductCubic feet per acreTotal revenues ($ per acre) Sawtimber 7,421 7,421 x 0.76 = 5,640 Chip and saw 3,018 3,018 x 0.55 = 1,660 Pulpwood 3,495 3,495 x 0.29 = 1,103 $8,314 Feb 1, 2023
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What type of forester buys timber by contacting local forest owners and negotiating a sale contract?
Procurement foresters buy timber by contacting local forest owners and negotiating a sale. This activity typically involves taking inventory on the type, amount, and location of all standing timber on the property. Procurement foresters then appraise the timbers worth, negotiate its purchase, and draw up a contract.
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How much is timber worth in Michigan?
SpeciesPulpwood price per cordSawtimber price per thousand board feet (MBF) Red Oak $13 $360-$470 Soft Maple $16 $150-$190 White Oak $10 $60-$150 White Birch $17 $50-$1807 more rows
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What trees are worth money in Michigan?
Do you know what kind of hardwoods are in your woodlot? With over 19 million acres of forest cover, Michigan is home to a variety of different hardwood species. And of those species, some of the most valuable are maple, oak, walnut, and cherry.
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How do I know what my timber is worth?
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. ... Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it.
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How does a logging contract work?
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to ...
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Is selling timber profitable?
If you own a large woodlot, selling your standing timber can make you a signNow profit and helps you accomplish land management goals.
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