average price of timber per acre in illinois

This property has 2 creeks that run through it and also has 4 lakes on the outside property line. The data are averages for historic periods, so may be slow to show any turning points. We have collected data statewide to help calculate the average cost of land clearing in Illinois. fee and how to qualify for assistance under the cost share CONTACT YOUR DISTICT FORESTER 4 % TIMBER HARVEST FEES When timber is sold, Illinois law requires that the timber buyer deduct a harvest fee of 4% from the total price paid the owner. Site preparation and regeneration will occur in year 0 at a cost of $80 per acre. The same factors that determine regional prices, also influence markets in different states. The distance your timber has to travel before it reaches the mill is taken into account by timber companies when bidding for your timber. We looked at every tract of hunting land we sold in that region from April 1, 2014, to April 1, 2015, and filtered out the properties with residential dwellings – which can affect the price greatly. 1 Timber value per acre can be between $500 and $5,000, but this depends on the growth of the trees themselves. From 2013 to 2018, central-high farms averaged 207 bushels per acre for corn. $340.oo/MBF Ash Avg. Table 5 shows estimates of per acre costs for the different sized grain carts. Timber prices are directly affected by the forces of supply and demand. The development is found on the south side of the Illinois River. 1. Prices are based on an average calculated from a sample of timber buyers across the U.S., and only intended to provide an estimate of trends and current prices. Thinnings will occur at ages 18 and 25 and will yield 6 and 10 cords per acre… Appendix Table 1 lists acres used to calculate tota l costs per acre. According to a report commissioned by the Illinois Department of Natural Resources in the fall of 1999, land values in Illinois vary greatly, from $300 per acre in parts of Vermillion County downstate to more than $500,000 per acre in DuPage County. Thinning values per acre for CNS and small sawtimber in the 16-25 age classes were up in 2018 but dropped markedly in 2019—a sign that supply of these products outpaced demand in that year. $440.oo/MBF Woods Run Bottomland Avg. Mills specialize in processing certain types of wood and determine the price they’re willing to pay. 2. From 2013 to 2018, central-high farms averaged 220 bushels per acre for corn. The average price of hunting land for sale in Alabama is $582,557. Competition – Ultimately, timber markets are driven by competition. Historical results and budgets are maintained for Illinois farms in four regions: 1. Msn.com said New Jersey has the highest average at about $196,400 per acre. According to the USDA's National Agricultural Statistics Service (NASS), Illinois' average value of cropland was $4,670 per acre, up 76% since 2004. Average cost per acre of land in Marion County Illinois? Assuming this example tract costs $5 per acre per year to operate, a reduction of $45 per-acre yields a net annual appreciation of $155 per acre or a … That’s slightly under USDA’s 2013 rent survey, which pegged state-level pasture rents steepest in Illinois, at an average $53/acre. White tail deer, wild turkey and small game. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. If a landowner only has access to one mill in the area and that mill only produces one type of product, there won’t be very many options in creating competition. Recent Lands of America data totals about 22,000 acres of timberland for sale in Illinois, which is valued at $81 million. Using Timber Update is free and easy! (e.g. The average price of timberland for sale in Illinois is $439,624. The further they have to travel, the more gas they will use and the higher their costs will be. If mills need wood, prices go up. Actual values are summarized from f… However, if the 2007 timber basis were $2500/acre, the physical land value cannot be negative (-$500/acre). When timber companies compete, you win! NW of Newton, Il. $5.1 Till $2.5 Rec Distance – Wood has to be delivered to a mill before it’s processed. Per acre costs will vary based on the amount of use of the grain cart. ... the average volume of timber per acre, etc.). © 2020 Timber Apps, LLC. Contact IDNR Clearinghouse at 217/782-7498 for assistance. Crooked Creek Twp., Jasper County, IL. Current: Timber Price Information and Contacts; Timber Price Information and Contacts. If a mill can only get the product it needs in Region A, you can bet they’re not going to build a mill or buy wood in Region B. A midyear survey by the Illinois Society of Professional Farm Managers and the University of Illinois estimated that the average statewide charge for pasture rents is $40/acre. $100,000 / 1,000,000 bf = $0.10 per board foot in cost Now, transfer that into cost per thousand board feet by simply multiplying $0.10 by 1,000. *Prices shown are based on per ton stumpage price. Lots 19-40 have frontage on Wehrli Dr. and Fessler Ct. with... 22 Acres : $220,000 In total, 97,599 sales records representing an average of 195,633 acres per year remain in this sample. This data is collected for sawtimber (17 species), veneer (4 species), cooperage, and pulpwood. There are 959,381 agricultural parcels in Illinois. My experience with cutover land in Illinois is extensive, as over 95% of all Illinois forests have been cutover since settlement. Central Illinois with low-productivity farmland (Central-low). Illinois Timber Price Reports Illinois Timber Prices (1978-2015) Illinois Timber Prices (2018) Illinois Timber Prices (2018-2019) These charts show the average prices paid for red oak, white oak, black cherry, and black walnut stumpage over the ten year period from 2002 through 2012 (horizontal axis). The result is the value of the land per acre. 4. Central Illinois with high productivity farmland (Central-high). The Cost of an Illinois Acre. *Prices shown are based on per ton stumpage price. With tens of thousands of properties and rural land for sale in the state, LandWatch boasts a total of 160,753 acres of land for sale in the state. That represents a 109% increase since 2006, when an acre of Illinois farmland went for an average of $3,590. The geography, measuring system and products may be completely different, but the market operates in a similar way. Therefore, costs per acre decline as acres of use increase for a given implement size. Twice per year, a report of timber prices is published by the Illinois Field Office of the National Agricultural Statistics Service in cooperation with the Illinois Department of Natural Resources - Division of Forestry. This year we planted 50% soy beans and 50% corn. However, there are several other factors that influence the price of timber by region: Mills – Mills are the foundation of established timber markets, because they determine what products can be bought and sold. In Table 5, the 1,000 bushel grain cart is assumed to be used on 1,900 acres. This results in grain cart overhead of $2.90 per acre ($5,436 yearly costs from Table 4 divided by 1,900 acres). The twenty year cut will only average 1,500 bd ft/acre of merchantable timber, and have a stumpage value of approximately $210.00/acre ($140.00/1,000 bd ft). Southwest (Oklahoma and Texas): $1,701 per acre Standing timber and sawlogs are distinct markets, and may show different price movements. Timber Update exists to give landowners access to timber companies that compete for your business. Browse LandWatch's Illinois land for sale page to discover more rural properties, ranches and hunting land for sale throughout the Inland Empire. Cost approach: If there isn’t sufficient market activity in your area to use the sales comparison approach, the cost approach is an alternative. Find lots, acreage, rural lots, and more on Zillow. There can be cheaper land in some locations with an average cost of around $1,000-$5,000 per acre, and these are areas that have no timber or structures. The average price of rural properties, ranches, hunting land and other rural acreage for sale in Illinois is $354,845. Brookfield Estates is a single family development in Seneca, IL. When there’s less competition, because of any number of factors, the price goes down. These agencies survey timber buyers and forestry consultants to determine both stumpage prices (paid by timber buyers to timber sellers) and F.O.B. year rotation is described for Southern Loblolly Pine and the real cost of capital is 4%. The distance to and from the mill is directly proportional to a timber companies overhead. For specifics, check out the previous FAQ about price by region. Management costs per acre range from $5 to $45, so you re sure to make your money back on your investment. Land Clearing Cost. In turn, some areas will have higher prices than others, because markets exist as a result of their products. Visit our Get Connected page, complete the form, and you will be connected with leading timber companies in your area. Your total cost is $100 per thousand board feet. This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. Products – Some geographical areas are known for specific products that may not grow well elsewhere. This comprises more than 700 acres of rural land and property for sale. The following are average costs and prices reported back to us: Cost of Land and Lot Clearing in Illinois. over more acres for a given implement size. Ultimately, your trees are worth what someone is willing to pay and also depend on market conditions. Search land for sale in Illinois. Actual prices may vary. The average cost to clear land to build a house is between $1,150 and $3,680.Land clearing cost per acre ranges from $1,500 to $3,000 on lightly wooded lots and between $3,790 to $6,710 for a heavily wooded area. Acreage increases of 50 percent result in cost decreases of 25 percent. Timber Update helps landowners by connected them with local timber pros, education and by updating landowners on market conditions. The data is reported for November through February and for May through August. If the land is valued at $100,000 and it is 5 acres, then $100,000/5 acres = $20,000 per acre.) It costs you nothing to get connected with a company in our network. Southern Illinois. 150 Acres /( $19 per acre ) in Central Indiana for Lease! $0.10 x 1,000 = $100 per thousand board feet Of course, this example uses rough figures. Recent Land And Farm data records around 100,000 acres of hunting land for sale in Illinois, which was valued at a combined $275 million. The Illinois GIS map provides parcel boundaries, acreage, and ownership information sourced from the Illinois county assessors. * Pricing reflects data collected from Northwest Georgia, East Tennessee, and Western West Virginia. If a tract contains $2,000 per acre in timber and the timber is appreciating in value at 10%, this is a gross annual return of $200 per acre. Check out our new Timber Products page for an in-depth guide to the different types of timber products, definitions of common forestry terms, and videos of the milling process. 3. MARKED TIMBER SALES/SOLD REPORT: Prices supplied from actual timber sales from Illinois Foresters Nov. 2017 – Feb. 2018 Woods Run Upland Avg. 40 Acres 20.57 Tillable and 19.43 of Timber Legal Description E 2/3 S 3/4 E 1/2 NW 1/4 S3 T7 R9 40 AC B 138 P 201 Parcel 90-07-03 8 mi. Many boating and recreational opportunity along with the highly regarded Seneca school district. $300.oo/MBF MILL OPERATIONS: Like thinnings, clearcut values per acre for timber in the higher-value age classes all decreased in 2019, also a sign that supply outstripped demand. The average price of rural properties, ranches and hunting land for sale here is $366,251. On average, acreage decreases of 50 percent result in 80% increases in costs. You can fill out a form and get connected or you can search our timber company database and connect with a timber company yourself. 150 Acres in Boone County,Indiana ready to hunt with trails and 4 wheeler/ATV access. These indices are used to monitor trends in timber prices and to provide information on the state of the UK timber industry. As of now (August 2012), the average value of Illinois cropland has risen to $6,800 per acre. Often, the larger the sale, the higher the price per unit of wood that can be offered. Current commercial applications for commercial property for sale in Illinois include … Start with a free or low-cost service from your state or local university. Illinois Timber Price Reports Illinois Timber Prices (1978-2015) Illinois Timber Prices (2018) Illinois Timber Prices (2018-2019). On the other hand, the fifty year cut will average 4,500 bd ft/acre, and have a stumpage value of approximately $1,000.00/acre ($225.00/1,000 bd ft). Below is an infographic reporting the average price per acre for raw land in six regions. Prices are based on an average calculated from a sample of timber buyers across the U.S., and only intended to provide an estimate of … Farmland, for example, can be between $5,000 to $8,000 per acre. Annual management costs and property taxes will be $1.50 per acre. Our valuation model utilizes over 20 field-level and macroeconomic variables to estimate the price of an individual parcel of land. On average, 2,958 parcels are represented in each year’s average. If mills don’t need wood, prices go down. Northern Illinois. Mill prices (paid by sawmills to timber buyers). 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