Posted by 8Nr--WI on September 04, 2013 at 11:01:59 from (12.104.244.6):
In Reply to: OT: walnut trees posted by jeremy in NE on September 03, 2013 at 16:40:59:
Jeremy----market your walnut to get a fair price.
Therefore, if I were in your shoes, I would hire a professional consulting forester to mark, scale, and appraise the trees you want to sell.
Ask them to determine your cost basis (what the trees were worth when you bought the property).
You could get some nice tax benefits if you know how to sell your timber the correct way, which includes knowing your timber cost basis.
A consulting forester has a 4yr. degree and you should be able to find one thru your state forestry department.
The folks I use will draw up a prospectus, which will show how many board feet the sale is, market to responsible loggers for sealed bids, and help with a recommendation if you ask for one.
An eight acre walnut sale I was involved in recently had estimates that were $20,000 apart from low to high bid.....owner was glad to pay the few hundred for the professional help....
PS---I wouldn't do any sale on a share percentage basis...
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