woodtick at lebmofo.com
Mon Dec 1 07:30:01 EST 1997
Joseph Zorzin wrote:
> Larry Caldwell wrote:
> > Hire a forester to do an appraisal of a woodlot. Then do a precommercial
> > thinning. Then hire a forester to do an appraisal of the woodlot.
> > Surprise! You can put all that work into a piece of property, and
> > if the commercial age trees don't change, the appraisal won't change
> > either. Hiring a professional forester is a guaranteed recipe for
> > getting screwed. At least if you really work your land it is.
> Larry, you're living in a fantasy land about this appraisal issue.
> You're a good conservative believer in the capitalist system, right?
> Capitalism doesn't have any mercy. Something is worth what's it's worth,
> not what you THINK it's worth; at least not for appraisal purposes. To
> you it may be priceless, but the appraiser has to come up with a value
> based on what the forest is worth NOW, not in 20 years. Why can't you
> comprehend this? Your thinning investment will increase FUTURE values of
> the forest and if you were to sell the property you could try to
> convince the buyer of this fact; but at this point in time the trees are
> worth what their worth.
I have to agree with Joe. Appraisals are how much the timber would be worth if
it is liquidated. While there is an investment made by the landowner, there is
no guarantee that the trees will be taken to maturity, and the full amount of
the investment will be realized. Not only can a landowner liquidate, but there
is always the threat of disease, or fire. Its like appraising any type of
property. How much is it worth now.
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