Possible Timberland Property
Hi BP!
I'm looking for advice on how to begin analyzing a land deal with a possible timber harvest.
There are three separate, adjoining parcels for sale, totaling 303 acres in northern WA state for $2,500 an acre. The parcels have 20 year old alder re-growth timber. There are two major sawmills about approximately 30-40 miles down the highway.
I've looked around, but I still have no clue about how to analyze this and see if this would be worth pursuing.
For those who have done deals like this, how did you find resources/contacts in the industry? Should I find a wood dealer/broker first? A Forestry Consultant? Would it be better to the state university or a state forester? Should I get the property under contract before I do so?
I know I can google a forestry consultant, but I have no idea who is reputable, and what fees are reasonable for a consultation on potential property.
How would you go about analyzing and tackling this potential deal?
This has been the most useful article I've ready so far. For your consideration:
I look forward to good discussion and, hopefully, your thoughts and experience on the matter.