average price of timber per acre in illinois

These indices are used to monitor trends in timber prices and to provide information on the state of the UK timber industry. Management costs per acre range from $5 to $45, so you re sure to make your money back on your investment. 150 Acres /( $19 per acre ) in Central Indiana for Lease! When there’s more competition over wood due to any number of factors, the price goes up. The development is found on the south side of the Illinois River. 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 … If the land is valued at $100,000 and it is 5 acres, then $100,000/5 acres = $20,000 per acre.) The average price of timberland for sale in Illinois is $439,624. For specifics, check out the previous FAQ about price by region. Find lots, acreage, rural lots, and more on Zillow. There are 959,381 agricultural parcels in Illinois. Actual values are summarized from f… Browse LandWatch's Illinois land for sale page to discover more rural properties, ranches and hunting land for sale throughout the Inland Empire. The further they have to travel, the more gas they will use and the higher their costs will be. MARKED TIMBER SALES/SOLD REPORT: Prices supplied from actual timber sales from Illinois Foresters Nov. 2017 – Feb. 2018 Woods Run Upland Avg. 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 distance to and from the mill is directly proportional to a timber companies overhead. From 2013 to 2018, central-high farms averaged 207 bushels per acre for corn. Central Illinois with low-productivity farmland (Central-low). This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. 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. $437.50 fixed fee per stump removed (Range: $225.00 - $650.00) $1,803.24 per acre (Range: $1,185.69 - $2,420.78) $142.50 per hour (Range: $125.00 Timber prices are directly affected by the forces of supply and demand. Msn.com said New Jersey has the highest average at about $196,400 per acre. Using Timber Update is free and easy! $0.10 x 1,000 = $100 per thousand board feet Of course, this example uses rough figures. The geography, measuring system and products may be completely different, but the market operates in a similar way. 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. States are very similar to regions, because the market effect on timber prices is universal. Acreage increases of 50 percent result in cost decreases of 25 percent. All rights reserved. Therefore, costs per acre decline as acres of use increase for a given implement size. Crooked Creek Twp., Jasper County, IL. Southern Illinois. According to the USDA's National Agricultural Statistics Service (NASS), Illinois' average value of cropland was $4,670 per acre, up 76% since 2004. * Pricing reflects data collected from Northwest Georgia, East Tennessee, and Western West Virginia. 1. Competition – Ultimately, timber markets are driven by competition. 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. On average, acreage decreases of 50 percent result in 80% increases in costs. $340.oo/MBF Ash Avg. 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. Your total cost is $100 per thousand board feet. Average cost per acre of land in Marion County Illinois? Often, the larger the sale, the higher the price per unit of wood that can be offered. ... the average volume of timber per acre, etc.). 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. 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. Current: Timber Price Information and Contacts; Timber Price Information and Contacts. White tail deer, wild turkey and small game. The distance your timber has to travel before it reaches the mill is taken into account by timber companies when bidding for your timber. 2. year rotation is described for Southern Loblolly Pine and the real cost of capital is 4%. Search land for sale in Illinois. The average price of rural properties, ranches and hunting land for sale here is $366,251. Annual management costs and property taxes will be $1.50 per acre. It costs you nothing to get connected with a company in our network. When there’s less competition, because of any number of factors, the price goes down. Timber Update exists to give landowners access to timber companies that compete for your business. 4. The data are averages for historic periods, so may be slow to show any turning points. 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. My experience with cutover land in Illinois is extensive, as over 95% of all Illinois forests have been cutover since settlement. The following are average costs and prices reported back to us: Cost of Land and Lot Clearing in Illinois. (e.g. 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. $440.oo/MBF Woods Run Bottomland Avg. Standing timber and sawlogs are distinct markets, and may show different price movements. *Prices shown are based on per ton stumpage price. $300.oo/MBF MILL OPERATIONS: We have collected data statewide to help calculate the average cost of land clearing in Illinois. 1 That represents a 109% increase since 2006, when an acre of Illinois farmland went for an average of $3,590. *Prices shown are based on per ton stumpage price. On average, 2,958 parcels are represented in each year’s average. In turn, some areas will have higher prices than others, because markets exist as a result of their products. Land Clearing Cost. 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). This comprises more than 700 acres of rural land and property for sale. Below is an infographic reporting the average price per acre for raw land in six regions. Timber value per acre can be between $500 and $5,000, but this depends on the growth of the trees themselves. Brookfield Estates is a single family development in Seneca, IL. 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. NW of Newton, Il. Cost approach: If there isn’t sufficient market activity in your area to use the sales comparison approach, the cost approach is an alternative. Timber Update helps landowners by connected them with local timber pros, education and by updating landowners on market conditions. That’s slightly under USDA’s 2013 rent survey, which pegged state-level pasture rents steepest in Illinois, at an average $53/acre. Illinois Timber Price Reports Illinois Timber Prices (1978-2015) Illinois Timber Prices (2018) Illinois Timber Prices (2018-2019). Visit our Get Connected page, complete the form, and you will be connected with leading timber companies in your area. You can fill out a form and get connected or you can search our timber company database and connect with a timber company yourself. Table 1 lists acres used to calculate tota l costs per acre of farmland. Capital is 4 % % of all Illinois forests have been cutover settlement... Rotation is described for Southern Loblolly Pine and the real cost of capital is %. Illinois land for sale in Illinois the larger the average price of timber per acre in illinois, the higher their will! Are very similar to regions, because of any number of factors, larger. 4 wheeler/ATV access provide information on forest consultants, timber markets are by... Turn, Some areas will have higher prices than others, because the market operates in a similar way has! Depends on the outside property line timber companies in your area geographical areas known! 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