average price of timber per acre in illinoisaverage price of timber per acre in illinois

Average was $6,409 compared to $6,502 in 2019; fair . The article stated that, "Excellent quality farmland values ranged from $10,200 to $10,750 per acre in northern Illinois and $10,250 to $10,875 in central Illinois last year. Below is an infographic reporting the average price per acre for raw land in six regions. 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. Browse LandWatch's Illinois land for sale page to discover more . -. Labor time is assumed to be 1.1 times the tractor hour resulting in a 10% higher cost per tractor hour. Find out the current price per acre of farmland in Illinois and how Illinois farmland has appreciated in value over time. $3,160 per acre for 2020, no change from 2019. White tail deer, wild turkey and small game. Therefore, costs per acre decline as acres of use increase for a given implement size. It looks at both commercial and residential values. 1. 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). $7.75. How Much Does Timber Land Cost? Current agricultural uses for forest and timberland for sale in Illinois include for timber and row crop use. The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018. Of all the counties in Illinois, Will County has the most farms, rural land, hunting land and other land for sale. -. 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. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). $0.00. What was the value of this land in 1975? This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. Southwest (Oklahoma and Texas): $1,701 per acre Standing Timber Prices: How Much Does It Sell For? matter how many acres are covered. 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. 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 United States pasture value averaged $1,480 per acre, an increase of $80 per acre (5.7 percent) from 2020. Some 42 percent of the appropriately named Great Lakes State is covered by water . Recent internal data records more than $9 million of land listings for sale in Bond County, Illinois. 1998 - In 1998, the economy was in expansion mode; while interest rates and inflation remained under control, the investment community . To estimate farmland values from past years use the following formula: Plus, mountain ground is generally worth $1,500 to $5,000 per acre depending on size, oil - gas - mineral (OGM) rights and value and location. Lands of America has approximately 100,000 acres of Illinois farms, hunting land and other rural land and acreage for sale, totaling almost $3 billion in overall value. The average price per acre of cropland in Texas and Oklahoma is $1,590- a far cry from the national average of $4,100. Conclusion. With an average price of $565,142, the total value of nearly 100,000 acres of natural forestland recently listed for sale in Illinois is $66 million. There are 963,662 agricultural parcels in Illinois. The average price paid across Illinois, by species, is . Crooked Creek Twp., Jasper County, IL. Grown forward to 2011 at the 3.5% per annum rate, timberland would be at $1,214 per acre. $13,000 X 45.5 (1975 index value) 425 (2021 index value) Equals $1,392 per acre. $0.00. This looks at a combination of urban and rural land throughout the state to produce the average cost. The United States pasture value averaged $1,400 per acre, no change from 2019. Example: Current land values are $13,000 per acre. The second cheapest region on our list to buy hunting land is made up of Minnesota and Wisconsin - two states which have left their mark on the Boone and Crockett record . Index numbers can be used to estimate current values of farmland. Often, the larger the sale, the higher the price per unit of wood that can be offered. For information on a specific state, click it in the map below, or use the following select box: Select a State Alabama Alaska Arizona Arkansas California Colorado . The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. Download PDF Save For Later Print Purchase Print. The United States cropland value averaged $4,100 per acre, no change from the previous year. $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. Custom Mill Sawing Rate averages $250 per 1,000 Board Feet Portable sawmills are sawyers are available for hire. How Do I Sell My Timber? This 24-page publication describes simplified methods for estimating timber volumes and values, and is designed to help landowners/loggers understand how the economic value of timber is determined. These land listings represent a total of 602 acres of rural land and property for sale. 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 average price of Iowa farmland fell in the 2018 farmland price survey this year to $7,264 per acre as of November 1, 2018. Many variables come into play when determining the price of timber per acre. ILLINOIS TIMBER PRICES WINTER 2018/2019 ILLLINOIS DEPARTMENT OF NATURAL RESOURCES - DIVISION OF FOREST RESOURCES . Timber Price Information and Contacts. Southeast (Tennessee, South Carolina, Georgia, Alabama, Mississippi and Louisiana): $2,492 per acre While cropland values affect the hunting land values in the Midwest and North significantly, timber is the dominant commodity down South. Woodland, woodlots, woodland pasture, or timber tracts that are part of a "farm" (Section 1-60 and Section 10-110 of the Illinois Property Tax Code) Wooded acreage that is part of a farm is assessed as 1 "other farmland" at 1/6 of its debased productivity index EAV as cropland; or $6.50. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. Would-be lumberjacks should expect to pay $1,000 to $2,000 per acre, plus the value of the timber growing on it, which can add anything from zero to up to $15,000 an acre to the price for stands averaging 50 years of age. Plus, mountain ground is generally worth $1,500 to $5,000 per acre depending on size, oil - gas - mineral (OGM) rights and value and location. Excellent category land averaged $10,870 per acre in 2020 compared to $10,435 in 2019. Labor costs per hour increased from $20.90 per hour in 2019 to $22.00 per hour in 2021 (see Table 1). The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018. What is the measurement of an acre? The season, proximity, and other factors that affect the demand for timber all play a vital role. Good category land was $8,446 compared to $8,335 in 2019. 43,560 square feet The average price paid across Illinois, by species, is . Back when timber was closer in per-acre value to the cost of the land, buying and harvesting timber was a very profitable business. Timber Transportation costs are usually in the order of 10c/km/ton. Going by this, the grower or buyer would get $10 less per cubic meter of logs per 100 km. Keep in mind that these are average prices, and they can change depending on certain influences. $0.00. Find out the current price per acre of farmland in Illinois and how Illinois farmland has appreciated in value over time. Valuing Standing Timber. ILLINOIS TIMBER PRICES WINTER 2018/2019 ILLLINOIS DEPARTMENT OF NATURAL RESOURCES - DIVISION OF FOREST RESOURCES . A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. 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. NW of Newton, Il. These land listings represent some 1,602 acres of rural land and property for sale. Custom Mill Sawing Rate averages $250 per 1,000 Board Feet Portable sawmills are sawyers are available for hire. Of all the counties in Illinois, Will County has the most farms, rural land, hunting land and other land for sale. West Virginia. Timber prices were roughly 40 percent higher than they are today, and timberland was selling for about $700 per acre. The United States cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8 percent) from the previous year. Woodland, woodlots, woodland pasture, or timber tracts that are part of a "farm" (Section 1-60 and Section 10-110 of the Illinois Property Tax Code) Wooded acreage that is part of a farm is assessed as 1 "other farmland" at 1/6 of its debased productivity index EAV as cropland; or $7.75. Average Price Per Acre for Iowa Farmland. 2. Appendix Table 1 lists acres used to calculate total costs per acre. per acre for 2021, up $220 per acre (7.0 percent) from 2020. 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. The average stumpage price is $300/MBF or $1,800 per acre in total. LandWatch data records over $17 million of land listings for sale in Iroquois County, Illinois. How do I sell standing timber? What Can Influence Current Timber Prices? This represents a 0.8 percent decline in farmland values in Iowa from last years $7,326 per acre 'But the range in value is getting wider,' with an average range of $5,000 per acre compared to $4,000 a year ago. Unfortunately, Alabama, Alaska, and Hawaii were excluded from this study. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. $0.00. On average, acreage decreases of 50 West Virginia. $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. Price per acre of hunting land in Kentucky averages $1,600. The average price of rural properties, ranches and hunting land for sale here is $569,651. In this Larson presents a range of land value models for estimating land prices in 2009. The Illinois GIS map provides parcel boundaries, acreage, and ownership information sourced from the Illinois county assessors. Lands of America has approximately 100,000 acres of Illinois farms, hunting land and other rural land and acreage for sale, totaling almost $3 billion in overall value. For example, if over a year's time you harvested one million board feet of logs and it cost you $100,000 to harvest that million board feet, your formula would look like this: $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. With an average price of $565,142, the total value of nearly 100,000 acres of natural forestland recently listed for sale in Illinois is $66 million. *Prices shown are based on per ton stumpage price. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. 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