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Chris Martin
  • Investor
  • Willow Spring, NC
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Wakeup call - ghost forests

Chris Martin
  • Investor
  • Willow Spring, NC
Posted

This is more an FYI, since my guess is that most on BP don't have NC or VA silviculture land holdings. If you do have or invest in tree stands on the coast, then hopefully the ecological phenomenon described by this report (below) won't impact you.

The salt water intrusion issue is a big deal ESPECIALLY IF YOU LOOK FORWARD 10-20 YEARS. The Timberlake Wetland Restoration Area (described in the video The seeds of ghost forests) should be a wakeup call to anyone in the tree business. I saw hints of this impairment on parcels I considered for acquisition in 2015-2017. After hearing Embracing The Salt And Adapting To Sea Level Rise recently I realized that small players in the NC coastal tree business need to wake up in a hurry. I don't feel like I was necessarily being duped or lied to, per se, but the intrusion issue is real on several tracts (100+ AC) I looked at in Washington and Hyde county -- they clearly have ecological issues. This is a systemic problem, per experts in the documentary, that will only get worse in low elevation coastal counties. 

It's pretty clear to me that there is, currently, no "answer". I haven't yet talked to forestry service folks in the above counties, but would certainly like to hear from BP Nation if you have. 

The impact on real estate prices? You tell me.... To me, the Timberlake Wetland Restoration Area today is about worthless from a monetary perspective. I used to think ditches were the answer, but over time that's proving to be a false economy. I don't see a long term solution.