This entry covers productive land whose value derives from what grows on it: timberland (commercial forest harvested for wood products), vineyards (grapes for wine), and orchards (tree and vine crops like almonds, citrus, and apples).
Log in to followTwo listings open on my screen and they are almost opposites, so I want to put the choice to the room before I talk myself into whichever one I looked at last. The first is 70 acr…
Running a 1,400 acre southern pine tract, mixed ages, roughly 40 percent in sawtimber-eligible stems by the cruise. Base case underwriting assumes stumpage roughly flat in real te…
This isn't the rental I've been posting about. My parents' neighbor is selling 35 acres about two hours out, mostly mixed hardwood with maybe 8 acres of planted pine along the roa…
This worked out, and it worked out slower than it should have. Cutover means the timber's already been harvested, so you're buying close to bare land. The previous owner clearcut…
Everything I read about timberland is written for people buying 20,000 acres. I'm at the other end. What's the realistic smallest way in, and what are the ongoing costs nobody lis…
This is off my usual path. I run small multifamily, and every unit I own has taught me something, so I know exactly how much I don't know here. But I got shown a 118 acre almond b…
The thing that attracts me to timber is the ability to not cut when stumpage is bad. That's the option I'm actually buying. But at roughly 400k I can't get a meaningful direct tra…
Sitting with a PPM for a closed-end timberland fund, ten year term with two one-year extensions, and running it against the 400-odd acre direct purchase I've been working on. Tryi…
Looked at a 140 acre cutover parcel last month where the timber cruise supported maybe half the asking price. The listing didn't hide it either. Frontage on a county road, a creek…