For forest landowners, timber is a valuable asset that can significantly contribute to the value of their land. Being able to see recent fluctuations in the value of this asset is important to understanding the market and making informed decisions whether it's cutting trees or enrolling in programs that restrict cutting.
To help landowners with this problem we developed the timber net worth tracker. Here is how it works:
Step 1: Estimating Your Timber Volume
When you sign up for an NCX account, you provide your property boundaries. We use advanced satellite imagery and data on tree height, age, and forest type to estimate your timber volume. By comparing this information to nearby forest samples from the U.S. Forest Service (FIA plots), we ensure our estimates closely match your land.
Step 2: Accurate, Monthly Timber Prices
Each quarter, we gather timber price data from multiple trusted industry sources—the same used by professional timber companies. These prices, known as stumpage prices, reflect the value of trees still "on the stump," excluding harvesting and transportation costs.
By compiling this data, we provide current, accurate timber prices specific to your county, giving you realistic insights into your potential earnings from a timber harvest.
Step 3: Calculating Your Timber’s Net Worth
By combining your personalized timber volume estimate with the latest local pricing data, NCX calculates the current net worth of your timber. While your volume estimate remains stable, the pricing updates every month to reflect market changes.
Stay Updated and Make Informed Choices
With NCX’s Timber Net Worth Tracker, you get a clear, monthly update on your timber’s value. This information helps you confidently navigate market fluctuations, improve your management strategies, and discover new opportunities for your land.
Be sure to regularly check your quarterly statement to stay informed about your Timber Net Worth!