Landowners sometimes ask, “What’s better – planting or natural regeneration?” Generally, we answer this with another question: “How do you define better?”
Both methods are viable options for regenerating a forest, but each has some advantages and trade-offs. Here’s a summary of some of the key considerations.
In recent years, thousands of North Carolina timberland owners have experienced significant timber losses due to catastrophic events such as hurricanes, tornadoes, fire and pine beetle infestations. Hurricane Isabel is only the latest example, with estimated timber losses exceeding $565 million in North Carolina alone. Based on our experience, landowners with mature timber damaged by Hurricane Isabel will probably receive less than 50% of the market value of their timber before the storm hit.
After we have sold your timber and the excitement of receiving a top-dollar price has subsided, it is time to conduct the harvest. Supervision of the implementation of Best Management Practices (BMP’s) during your timber harvest is a primary part of our work. Many private forestland owners may not even know what BMP’s are and, if they do, they probably haven’t given much consideration to how to implement them. However, they are critical to a successful harvest and the future productivity of the land.
Just as savvy investors in the stock market often go against the crowds; buying when others are selling and selling when others are buying, savvy timberland owners should look for similar opportunities. When everyone else is “waiting on the market to get better”, may be the very best time to market your timber.
For forest landowners in North Carolina, promptly and accurately assessing hurricane or storm damage is critical in reducing losses.