Stolen black walnut in the news. $2000 becomes $10,000 becomes $28,817 https://www.foxnews.com/us/ohio-brother-sister-charged-after-chopping-down-massive-tree-officials-say
As I understand Indiana law, the value of a tree is dependent on the owner's perception of value. Not talking logging for trees but if a neighbor cuts a tree on your side of the fence it has sentimental value the owner can charge for.