Is your forestland an investment or just another piece of land with trees growing on it?
Large companies have known for years about the value of forestland as an investment. In the last several years, some individuals also have taken notice of the steady returns that have been enjoyed by large investment firms.
However farmers, the largest group of forestland owners in the region, still have not fully taken notice of the potential of their woodlands.
How do you take your forestland from just trees to an investment? There are three steps.
First, you must develop a forest management plan. Trees are just another crop with one critical difference. A new tree may take 30 years before it can be harvested instead of the four months an agricultural crop requires.