Competition – Ultimately, timber markets are driven by competition. It costs you nothing to get connected with a company in our network. The result is the value of the land per acre. ... the average volume of timber per acre, etc.). Crooked Creek Twp., Jasper County, IL. The data is reported for November through February and for May through August. * Pricing reflects data collected from Northwest Georgia, East Tennessee, and Western West Virginia. Therefore, costs per acre decline as acres of use increase for a given implement size. According to a report commissioned by the Illinois Department of Natural Resources in the fall of 1999, land values in Illinois vary greatly, from $300 per acre in parts of Vermillion County downstate to more than $500,000 per acre in DuPage County. *Prices shown are based on per ton stumpage price. 3. The average price of rural properties, ranches and hunting land for sale here is $366,251. In Table 5, the 1,000 bushel grain cart is assumed to be used on 1,900 acres. As of now (August 2012), the average value of Illinois cropland has risen to $6,800 per acre. Find lots, acreage, rural lots, and more on Zillow. The development is found on the south side of the Illinois River. Your total cost is $100 per thousand board feet. MARKED TIMBER SALES/SOLD REPORT: Prices supplied from actual timber sales from Illinois Foresters Nov. 2017 – Feb. 2018 Woods Run Upland Avg. The average price of hunting land for sale in Alabama is $582,557. Products – Some geographical areas are known for specific products that may not grow well elsewhere. Land Clearing Cost. Our valuation model utilizes over 20 field-level and macroeconomic variables to estimate the price of an individual parcel of land. Standing timber and sawlogs are distinct markets, and may show different price movements. If mills don’t need wood, prices go down. If a landowner only has access to one mill in the area and that mill only produces one type of product, there won’t be very many options in creating competition. Southwest (Oklahoma and Texas): $1,701 per acre Table 5 shows estimates of per acre costs for the different sized grain carts. There can be cheaper land in some locations with an average cost of around $1,000-$5,000 per acre, and these are areas that have no timber or structures. For specifics, check out the previous FAQ about price by region. $5.1 Till $2.5 Rec Assuming this example tract costs $5 per acre per year to operate, a reduction of $45 per-acre yields a net annual appreciation of $155 per acre or a … Thinnings will occur at ages 18 and 25 and will yield 6 and 10 cords per acre… 1 My experience with cutover land in Illinois is extensive, as over 95% of all Illinois forests have been cutover since settlement. *Prices shown are based on per ton stumpage price. This property has 2 creeks that run through it and also has 4 lakes on the outside property line. year rotation is described for Southern Loblolly Pine and the real cost of capital is 4%. Recent Land And Farm data records around 100,000 acres of hunting land for sale in Illinois, which was valued at a combined $275 million. Start with a free or low-cost service from your state or local university. $300.oo/MBF MILL OPERATIONS: 150 Acres in Boone County,Indiana ready to hunt with trails and 4 wheeler/ATV access. Farmland, for example, can be between $5,000 to $8,000 per acre. White tail deer, wild turkey and small game. © 2020 Timber Apps, LLC. 1. Annual management costs and property taxes will be $1.50 per acre. However, there are several other factors that influence the price of timber by region: Mills – Mills are the foundation of established timber markets, because they determine what products can be bought and sold. When timber companies compete, you win! The Illinois GIS map provides parcel boundaries, acreage, and ownership information sourced from the Illinois county assessors. Site preparation and regeneration will occur in year 0 at a cost of $80 per acre. The further they have to travel, the more gas they will use and the higher their costs will be. Below is an infographic reporting the average price per acre for raw land in six regions. Like thinnings, clearcut values per acre for timber in the higher-value age classes all decreased in 2019, also a sign that supply outstripped demand. Distance – Wood has to be delivered to a mill before it’s processed. You can fill out a form and get connected or you can search our timber company database and connect with a timber company yourself. If a tract contains $2,000 per acre in timber and the timber is appreciating in value at 10%, this is a gross annual return of $200 per acre. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. When there’s less competition, because of any number of factors, the price goes down. The average price of timberland for sale in Illinois is $439,624. States are very similar to regions, because the market effect on timber prices is universal. Check out our new Timber Products page for an in-depth guide to the different types of timber products, definitions of common forestry terms, and videos of the milling process. Northern Illinois. The same factors that determine regional prices, also influence markets in different states. The distance your timber has to travel before it reaches the mill is taken into account by timber companies when bidding for your timber. fee and how to qualify for assistance under the cost share CONTACT YOUR DISTICT FORESTER 4 % TIMBER HARVEST FEES When timber is sold, Illinois law requires that the timber buyer deduct a harvest fee of 4% from the total price paid the owner. The twenty year cut will only average 1,500 bd ft/acre of merchantable timber, and have a stumpage value of approximately $210.00/acre ($140.00/1,000 bd ft). On average, 2,958 parcels are represented in each year’s average. Prices are based on an average calculated from a sample of timber buyers across the U.S., and only intended to provide an estimate of trends and current prices. $340.oo/MBF Ash Avg. $100,000 / 1,000,000 bf = $0.10 per board foot in cost Now, transfer that into cost per thousand board feet by simply multiplying $0.10 by 1,000. Many boating and recreational opportunity along with the highly regarded Seneca school district. We have collected data statewide to help calculate the average cost of land clearing in Illinois. Actual prices may vary. Appendix Table 1 lists acres used to calculate tota l costs per acre. These agencies survey timber buyers and forestry consultants to determine both stumpage prices (paid by timber buyers to timber sellers) and F.O.B. Current: Timber Price Information and Contacts; Timber Price Information and Contacts. $0.10 x 1,000 = $100 per thousand board feet Of course, this example uses rough figures. Current commercial applications for commercial property for sale in Illinois include … Timber Update exists to give landowners access to timber companies that compete for your business. Illinois Timber Price Reports Illinois Timber Prices (1978-2015) Illinois Timber Prices (2018) Illinois Timber Prices (2018-2019). These indices are used to monitor trends in timber prices and to provide information on the state of the UK timber industry. Thinning values per acre for CNS and small sawtimber in the 16-25 age classes were up in 2018 but dropped markedly in 2019—a sign that supply of these products outpaced demand in that year. (e.g. The data are averages for historic periods, so may be slow to show any turning points. If a mill can only get the product it needs in Region A, you can bet they’re not going to build a mill or buy wood in Region B. Cost approach: If there isn’t sufficient market activity in your area to use the sales comparison approach, the cost approach is an alternative.
2020 average price of timber per acre in illinois