Valuing Storm Damaged Timber Following the Recent Storms
Hurricanes Florence caused over $70 million in significant damage to forest and timber land through wind and flooding. For storm damaged mature timber that is of commercial age, timber appraisal methods are fairly straight forward and can be applied to determine the value of the damaged timber. Calculating the value of immature trees, those yet of commercial size, can be more of a mystery for many landowners. In a recently published publication Valuing Immature Forest Stands, Dr. Rajan Parajuli reviews the process for valuing young stands that may have been lost due to natural causes, such as the recent hurricane. The publication explains the preferred method for placing a value on young forests not suited to common timber appraisal methods.
If you did suffer timber damage during the recent storm the first place to start is to contact your consulting forester or the N.C. Forest Service County Ranger. However, keep in mind that these folks may be very busy or assisting with clean up. Be patient, the later the damage occurs in the season, the more time you have to salvage the timber. If you are looking for information to assist with assessing the damage and other storm related topics visit Extension Forestry online resources for Storm Damage Recovery for Forest Landowners.