How much is timber land worth per acre? A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. Illinois Natural Forest Land for Sale - 112 Listings ... Bond County, IL Land for Sale - 63 Listings | LandWatch Current agricultural uses for forest and timberland for sale in Illinois include for timber and row crop use. The average price of rural properties, ranches and hunting land for sale here is $569,651. Browse LandWatch's Illinois land for sale page to discover more . 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. It looks at both commercial and residential values. Average was $6,409 compared to $6,502 in 2019; fair . 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. Often, the larger the sale, the higher the price per unit of wood that can be offered. What was the value of this land in 1975? The average price paid across Illinois, by species, is . The average price of rural properties, ranches and hunting land for sale here is $145,806. Valuing Standing Timber. Labor time is assumed to be 1.1 times the tractor hour resulting in a 10% higher cost per tractor hour. 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. $0.00. 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. Find out the current price per acre of farmland in Illinois and how Illinois farmland has appreciated in value over time. per acre for 2021, up $220 per acre (7.0 percent) from 2020. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. Excellent category land averaged $10,870 per acre in 2020 compared to $10,435 in 2019. -. North (Minnesota and Wisconsin): $2,326 per acre. This represents a 0.8 percent decline in farmland values in Iowa from last years $7,326 per acre These land listings represent some 1,602 acres of rural land and property for sale. Going by this, the grower or buyer would get $10 less per cubic meter of logs per 100 km. 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. Some 42 percent of the appropriately named Great Lakes State is covered by water . The United States cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8 percent) from the previous year. The average stumpage price is $300/MBF or $1,800 per acre in total. Custom Mill Sawing Rate averages $250 per 1,000 Board Feet Portable sawmills are sawyers are available for hire. 1998 - In 1998, the economy was in expansion mode; while interest rates and inflation remained under control, the investment community . Timber Price Information and Contacts. 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). Example: Current land values are $13,000 per acre. 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. 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. Find out the current price per acre of farmland in Illinois and how Illinois farmland has appreciated in value over time. 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). Timber prices were roughly 40 percent higher than they are today, and timberland was selling for about $700 per acre. 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. The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018. 1. To estimate farmland values from past years use the following formula: $13,000 X 45.5 (1975 index value) 425 (2021 index value) Equals $1,392 per acre. Now days, it is difficult to buy land to grow and harvest trees for . 43,560 square feet 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. There are 963,662 agricultural parcels in Illinois. 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 . Good category land was $8,446 compared to $8,335 in 2019. On average, acreage decreases of 50 Current agricultural uses for forest and timberland for sale in Illinois include for timber and row crop use. ILLINOIS TIMBER PRICES WINTER 2018/2019 ILLLINOIS DEPARTMENT OF NATURAL RESOURCES - DIVISION OF FOREST RESOURCES . Keep in mind that these are average prices, and they can change depending on certain influences. Crooked Creek Twp., Jasper County, IL. 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. 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. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. matter how many acres are covered. LandWatch data records over $17 million of land listings for sale in Iroquois County, Illinois. Labor costs per hour increased from $20.90 per hour in 2019 to $22.00 per hour in 2021 (see Table 1). Our valuation model utilizes over 20 field-level and macroeconomic variables to estimate the price of an individual parcel of land. White tail deer, wild turkey and small game. What Can Influence Current Timber Prices? This looks at a combination of urban and rural land throughout the state to produce the average cost. These land listings represent a total of 602 acres of rural land and property for sale. $6.50. $7.75. $6.50. The United States pasture value averaged $1,400 per acre, no change from 2019. How Do I Sell My Timber? Standing Timber Prices: How Much Does It Sell For? 2. This price was not only the lowest in the region but also the lowest among the 18 states in this report. 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 . West Virginia. Custom Mill Sawing Rate averages $250 per 1,000 Board Feet Portable sawmills are sawyers are available for hire. ILLINOIS TIMBER PRICES WINTER 2018/2019 ILLLINOIS DEPARTMENT OF NATURAL RESOURCES - DIVISION OF FOREST RESOURCES . Of all the counties in Illinois, Will County has the most farms, rural land, hunting land and other land for sale. Average Price Per Acre for Iowa Farmland. 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. Now days, it is difficult to buy land to grow and harvest trees for profit. Therefore, costs per acre decline as acres of use increase for a given implement size. Back when timber was closer in per-acre value to the cost of the land, buying and harvesting timber was a very profitable business. The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018. 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 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. West Virginia. $7.75. How do I sell standing timber? Back when timber was closer in per-acre value to the cost of the land, buying and harvesting timber was a very profitable business. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. $0.00. $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. Timber Transportation costs are usually in the order of 10c/km/ton. The land prices in Indiana and Ohio though are not unfairly gauged, though. What is the measurement of an acre? The season, proximity, and other factors that affect the demand for timber all play a vital role. Index numbers can be used to estimate current values of farmland. $0.00. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). Download PDF Save For Later Print Purchase Print. Unfortunately, Alabama, Alaska, and Hawaii were excluded from this study. $3,160 per acre for 2020, no change from 2019. The Illinois GIS map provides parcel boundaries, acreage, and ownership information sourced from the Illinois county assessors. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. 'But the range in value is getting wider,' with an average range of $5,000 per acre compared to $4,000 a year ago. Many variables come into play when determining the price of timber per acre. Price per acre of hunting land in Kentucky averages $1,600. Conclusion. Grown forward to 2011 at the 3.5% per annum rate, timberland would be at $1,214 per acre. -. 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. 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 $0.00. The United States pasture value averaged $1,480 per acre, an increase of $80 per acre (5.7 percent) from 2020. 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. $0.00. 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. Of all the counties in Illinois, Will County has the most farms, rural land, hunting land and other land for sale. Recent internal data records more than $9 million of land listings for sale in Bond County, Illinois. $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. Appendix Table 1 lists acres used to calculate total costs per acre. *Prices shown are based on per ton stumpage price. This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. 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. This is a decrease of $62 per acre from November 2017. The United States cropland value averaged $4,100 per acre, no change from the previous year. Below is an infographic reporting the average price per acre for raw land in six regions. $0.00. In this Larson presents a range of land value models for estimating land prices in 2009. 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. Buying timber land is a great investment because it is not as risky and volatile as cropland investments. *Prices shown are based on per ton stumpage price. 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. 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