Proper land management is essential to ensuring the quality and sustainability for all types of land investments. This is especially true for timberland. Timberland that is not properly managed could result in catastrophic economic and physical losses that could potentially take years for investors to recoup. After the purchase of Florida timberland for sale, it is imperative for timberland investors to take into consideration how to properly manage their land. One important aspect of proper timberland management is having a timberland management plan.
A timberland management plan will set forth the objectives that a property owner has for their land and what activities will need to take place to meet those objectives. A timberland management plan is very much like a business plan, only simplified.
The Basics of a Timberland Management Plan
There is no standard format for writing a timberland management plan. It can include as many or as little details about the timberland for sale in Florida as one would like. However, there are five key elements that every timberland management plan should include:
1. Objectives: The objectives are the most important part of a timberland management plan because it specifies the goals of the investor. An objective can be defined as a preferred outcome for the land to be attained.The objectives should be inline and compatible with the resources that are available to the investor. To construct compatible objectives, it is necessary to have background knowledge of the resources available on the land.
2. Location and history of property: A well-constructed timberland management plan should include the correct legal description of the property and may include maps that identify the boundaries of the property and shows its location relative to roads and other features. It is also helpful to know and record the previous uses of the land. This may prove to be very helpful for attaining the objectives of the property.
3. Assessment of Resources: An assessment of resources provides detailed information about the natural resources available on the property including information about stand types, timber inventory, stocking levels, soil conditions, availability of water, recreational opportunities, and wildlife. When evaluating the potential of Florida timberland for sale, these are some of the common characteristics that we recommend investors to be mindful of.
4. Timberland management recommendations: A timberland management professional can make recommendations as to how the land should be managed based on the assessment of resources and the owner’s objectives. These recommendations will be helpful for determining the best techniques for cutting, burning, harvesting, fertilizing, planting, and rotating timber.
5. Schedule of Activities: The schedule of activities list the activities that are needed to meet the objectives, and may include projected costs and revenues of each individual activity. As these activities are performed, a good record of the specifics of the activities including dates, times, location, actual costs, and income generated should be kept. A good record of these details will also be helpful when reporting management activities for tax purposes.
Remember, a timberland management plan should be simple but useful, and should be reviewed and updated every 5-10 years. If you are in the market for timberland for sale in Florida or timberland management, we recommended consulting one of our SVN Saunders Real Estate land professionals.