Should You Wait To Sell Your Timber?
If you’re a landowner in Pennsylvania, New York, or Ohio who’s thinking about about selling timber, you want to get the most money possible from your harvest. Not only do the timber buyers of Glenn Ongley Timber want to give you a fair price for your trees; we want you to understand the factors that can affect that figure.
The price paid to landowners for timber harvesting depends largely on the current market prices for the particular kind of wood they have available. These prices can fluctuate from year to year, and it may be tempting to wait for them to go up before selling timber. However, this isn’t always a good idea.
Single Vs. Multiple Timber Harvests
We will remind you that your trees are a renewable resource. That means if harvested correctly by reputable timber buyers now, your trees will be ready for another harvest in as soon as 10 years. Glenn Ongley only makes select cuts to larger trees, leaving smaller ones intact to grow for the next haul.
Get Paid Now And Later
Sitting on your timber and waiting until market prices go up may pay off if you’re only interested in doing one harvest, but multiple harvests can pay off in the long run. In this case, minor fluctuations in the price of one harvest are not significant when you consider that you could be getting paid for two or even three timber harvests in the long run.
Watch the informative video below to gain more insight into getting the most money out of your timber, and be sure to contact us with any questions you may have!