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James C. Barnett |
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10800 Alpharetta Hwy. |
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TREES ARE AMERICA'S RENEWABLE RESOURCE
Why do I need a Consulting Forester? A few years ago, Fall Line Consultants, LLC was hired to conduct a timber sale for a retired physician. He had received an unsolicited offer of $70,000 from a local timber buyer. The buyer-logger proposed to clear-cut the doctor's 280 acre (Cumming, Georgia) forest. Fall Line Consultants selectively marked the timber, designating trees not to be cut. We retained 40 percent of the trees and preserved the land's aesthetic value. Fall Line Consultants conducted a competitive, sealed-bid, lump sum offering of the timber and obtained a top offer of $329,000! What could you do with an extra $295,000 ? (P.S. - The doctor kept 40 acres of the property for his home. He sold the remaining land after the timber harvest to a developer of $500,000+ homes!)
In 1998, Fall Line was chosen to prepare and supervise a selective harvest on an investment group's 905 acre (future residential) property north of Atlanta, Georgia. One year earlier, a 'timber expert' (no doubt taking only a cursory look at the property) told the owners that their timber had "no significant value". Fall Line Consultants marked the stand, retaining all hardwood trees and about 1/3 of the pine stems, and offered the timber for sale on a competitive, lump sum, sealed-bid basis. The winning bid was just under One Million Dollars! The range from the lowest bid to the high bid was $700,000 !! What could you do with and extra $1 Million? (Fall Line has supervised thinning of 1500 more acres owned by the investment group).
In 2001, Fall Line was hired to conduct a timber thinning for an extended family (heirs with percentage ownerships). The family had been offered $65,000 to $75,000 by various loggers to clear-cut their 168 acre recreational tract in Warren County (southeast of Atlanta). Fall Line performed an inventory of the family's timber, painted property lines and stream protection buffers, and marketed the timber for sale on a sealed bid, lump sum basis. Only the pine and hardwood sawtimber was offered for sale, so fully 75% of the trees (pulpwood-sized) remain to grow after the thinning. These smaller trees will become the family's next forest, and will grow faster after thinning due to increased moisture and sunlight.. The winning bid was
$262,000!
And, because Fall Line retroactively determined the family's timber tax Basis,
and showed them how to qualify the timber sale for Capital Gains
treatment, the family was able to report a taxable gain from the timber sale
of just $87,140. They paid no tax on the nearly $175,000
difference!
Do You Know What Your
Trees Are Worth?
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Fall Line
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forester forest consultant consulting forestry registered tree land landowner timber trees wood harvest harvesting clearcut clear cut thinning thin selective logging log forested timberland manager management real estate georgia florida alabama arkansas mississippi louisiana virginia tennessee texas new mexico kentucky indiana illinois ohio oklahoma california washington idaho nevada utah montana mexico north carolina south southeast family limited partnership llc environmental wildlife hunt hunting lease deer turkey quail snake rabbit wolf coyote coon raccoon pheasant dove shoot nature natural conservation pine hardwood sawlog sawtimber pulpwood plylog christmas tree timber buyer log cord board foot scribner doyle international stick scale lumber veneer furniture pallet select beetle beetles insect insects damage sale taxation irs internal revenue service property rights owner silviculture landscape developer development suilder build subdivision subdivide commercial residential clearing grubbing regeneration planting plantation reforestation seed seedling sapling dibble hoedad inventory timber cruise appraisal internet web computer botany dendrology species acquisition investment roi irr taxes depletion deduction charitable remainder trust estate planning plan farm farmer farmland logger skidder feller buncher chip chipper mill pulp saw sawmill pulpmill woodyard marking paint oak loblolly maple ash cedar shortleaf elm sweetgum poplar yellow slash longleaf ornamental pine white pine ponderosa hickory clear-cut rain forest rainforest cosa rica tripical rare africa map mapping gis type geographic information system The information presented herein is the opinion of Fall Line Consultants, LLC. This information is not intended to provide specific timber management, legal or tax advice, but is intended only to generally familiarize the reader with the subject matter. Matters of a specific nature, timber, legal or tax should be discussed with a competent Registered Forester, attorney or tax professional specializing in that particular field or practice. Allowing the authors and/or their companies to post articles herein and the provision of return links to them, does not constitute an endorsement or recommendation of their products or services. You and/or your firm are not a client of Fall Line Consultants, LLC by merely reading and/or linking to this page. Sending us email and/or our response or non response to your email does not, in and of itself, make you a client of Fall Line Consultants, LLC. You rely on the information posted here solely at your own risk; there are no warranties provided with this information, either express or implied.
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Line Consultants, LLC, All Rights Reserved Copyright © 2002 |
