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Not to probe too much... but I am curious. 300 acres of timber... how do you intend to cash in? Sell the timber then the land? What are your plans? How are you valuing the investment and potential payoff? Or are you speculating a little?
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Chinaco,
We have about 15k worth of timber that we may harvest later this year. After that, we are checking into entering the DNR's forestry management program. This would freeze our taxes for 10 years(currently less than $100.00/year). I am not sure how it would affect future harvesting. There are also mining leases on the properties. We are fighting now to change the terms of the leases. Under the current leases, we would receive approx. 4k per year. We purchased the land because it borders our original property and we wanted more room for horses, atv's, hiking etc. We purchased the land for just under 1k per acre a couple years ago and similar land is now going for around 2k per acre. We would not sell unless we were moving or needed the money.
ronc
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