I received a letter this week from a timber manager representing the new owner of two hundred + tract of woods that shares a driveway with our tree farm. He asked about some beech trees that are leaning onto our land, and wants to take them down during an upcoming timber harvest. Good thing is, we hope to work with the logging company to to some good excavation on the lane to take care of some constant ground seeping that makes it a nuisance.
Yes. I see his net worth is at least 35 million. I imagine he owns other tracts of land. The guy I spoke with said he has a nearby woodland he is contracted on. Hasn’t been harvested since Civil War. Says there are huge “cherry-bark red oak”. He offered to show it to me, as we both come from multi generational tree farming have to check that tree out
Buying timberland is a common investment for the well off. Probably more so now that prices are through the roof.
As a Forester I can say it hasn't. Just sold about 15,000 tons of logs, 12,000 being big logs. There is about a 25%ish increase in stumpage over pre Corona stumpage prices (February 2020 let's say). I think he may have just been joking so that he could use for firewood??
Like most other commodities, there's too many middlemen driving the prices up. The mills are probably getting a little bit more of the pie, distributors-maybe, hedge funds buying and selling futures - absolutely.
