In my part of the country (the southeast) timber is a big part of any land buying decision. In fact timber value is often the largest single value component of the landownership process. It is also one of the most misunderstood. To maximize value of land, you must maximize the value of the natural resources of the land. To do that, you need a carefully thought out plan and some guidelines to minimize mistakes and maximize returns. For those of you in other parts of the country, timber may not be the prevalent natural resource. You may have … [Read more...]