land sales

Bob Bancroft · Mar 13, 2014

Do any of you know of a good basic rule for the value of woodland(without any consideration for timber/firewood value) compared to surrounding tillable land?
Years ago, here, I recall about one third.

VADAVE · Mar 13, 2014

In Virginia.
Used to be that timberland was valued by 1st) the value of the standing timber
2) the kind of ground wet/dry and the ease of access. If it's verticle or lots of up and down less value then is flat or gently rolling.
Which meant it could valued at $100 to 500 per acre after logged or as high as just under the cost of farmable land.
Now-a-days seems like the owners think it be equal to the value of good farmable land.

Mike Groom · Mar 13, 2014

Here in Northern,IL.there isn't much difference in price,I know it sounds funny,but it's being bought for hunting leases or home sites and recreation.

casenut1 · Mar 13, 2014

It is , depends on what your planting.

GeneMO · Mar 13, 2014

I sold 80 acres of row crop in Central Mo., then turne around and bought 50 acres of "recreation" land about a mile away. this was a year and a half ago. Crop land went for $3300, and I paid $2400 for the hunting ground. So that is what? 72%.

Land had dropped off since then to some degree.

Gene

Traditional Farmer · Mar 13, 2014

Here in suburbia woodland with nice trees out sells everything else,then they go in and clear out some of the trees build a house and the rest die in a few years espeically the White Oaks and it costs the homowner lots of $$$$ to have the trees removed but they do it over and over again.

farmerwithmutt · Mar 13, 2014

Around here get a bulldozer and its crop ground got guys chopping and the front end will pull up on the hills.

NY 986 · Mar 13, 2014

For low laying small acreage it runs from 500 to 1500 dollars per acre. Something large enough not to hear your neighbors and has hardwood plus is just minutes from the expressway then upwards of 2000 dollars per acre. Of course there are exceptions. I wanted to go to an auction a few weeks ago as there was a woodland parcel being sold but wound up having to do something else. I guess I will have somebody check the records office in that county when the deed is recorded.

mab570diesel · Mar 13, 2014

believe it or not in my area (ohio) about 2-3 months ago some woods sold for 14k an acre i don't think that's typical though as it was a connecting piece of land to the fellows other property and it seems a couple fellows were really interested in it it was flat and is being cleared for farm land

Spook · Mar 13, 2014

I've been told 10K per acre here, no matter what kind of ground.

jm. · Mar 13, 2014

Here in Tennessee Location has a lot more to do with the price than crop vs woods. Woods less the value of the timber can easily still go for 4 grand up per acre.

Ray · Mar 13, 2014

No difference anymore,sometimes the woods is higher than the farmground.

Blksmok · Mar 13, 2014

Bob...here in west central Wisconsin, good crop land is selling for $6000/acre and non-tillable land w/o good saw logs ( a lot of scrub volunteer trees) is going for about $2000/acre. Taxes on non-tillable land (recreational use) are 3 to 4 times that good farm land. Wooded land equals no income and higher taxes ???

Pops1532 · Mar 13, 2014

It depends on location and whether or not there is a potential for development.

Before the real estate market crashed, rural property with county highway frontage was being divided into 10 acre parcels that sold quickly for $70-$100K. Wooded acreage went up from there. So $7-10K an acre to the sky's the limit. I'm not talking subdivided, roads,and improvements. Just buildable 10 acre parcels with county road frontage.

Wooded land that was farther from town, or wooded land that was not buildable was selling for about the same or slightly more than farm land. People were buying it for hunting.
That was before the economy tanked, not sure what it's doing now.

Recently I've seen wooded land in other areas currently selling in the $4-6K per acre range.

land sales

Bob Bancroft

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VADAVE

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Mike Groom

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casenut1

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GeneMO

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Traditional Farmer

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farmerwithmutt

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NY 986

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mab570diesel

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Spook

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jm.

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Ray

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Blksmok

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Pops1532

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