[AT] Off Topic, Logging property

[David Bruce]

To quote Dave Ramsey "the only ship that won't sail is a partnership".
Maybe a bit stronger than I would be but for sure business relationships 
with family are fraught with dangers.

I agree with the idea of getting an unbiased (and a financially 
uninvolved second opinion on the logging plan.

It might be true that removing some of the less productive trees at this 
time could maximize the return over time.  It could also be that this is 
telling someone what they wish to hear. And yes I would investigate to 
possibilities for some tax relief.  Don't expect the taxing authorities 
to act in your best interest - that is your job.

David
NW NC


On 9/9/2012 8:00 AM, Cecil R Bearden wrote:
> A good lesson for all of us to be learned.  Never partner with kinfolk.
>     Better yet, never partner at all....
>
> Cecil in OKla
>
> On 9/9/2012 6:27 AM, jtchall at nc.rr.com wrote:
>> All the posts on this are great solutions.
>> I'm with Cecil, get a free unbiased opinion. Also, if you guys really want
>> to hold onto it for a while, see if there are any cost-share programs
>> through the forestry service of USDA that would help replant some of the
>> trees. One other thing I would do if you haven't already, have it classed as
>> a tree farm which should put your property taxes really low (at least it
>> will in my area).
>>
>> John Hall
>>
>>
>>
>> -----Original Message-----
>> From: Cecil R Bearden
>> Sent: Saturday, September 08, 2012 8:53 PM
>> To: Antique tractor email discussion group
>> Subject: Re: [AT] Off Topic, Logging property
>>
>> I would contact the state forestry department and have them look at it.
>> They have an unbiased expert available for free.
>>
>> Cecil in OKla
>>
>>
>> On 9/8/2012 6:38 PM, William Powell wrote:
>>> Hello,
>>>
>>> About 5 years ago against many wise recommendations on this list I entered
>>> into a land trust with my father, two sisters, and brother. 114 Acres in
>>> Upstate NY.  We bought my aunt out of her half the property. The land was
>>> in
>>> the Family since the 1800's.
>>>
>>> Before we bought the land the property was logged. And, about 10 years
>>> before that it was logged. So, pretty much everything worth anything was
>>> cut
>>> down and removed. The road was a mess for years.
>>>
>>> My sister now wants to log the property again, she has a logger that will
>>> pull fire wood out. It's only been about six years. I'm not for it. I've
>>> done a little reading and I feel we should let the trees mature for at
>>> least
>>> 15 years. She's says she needs the money and that a forester said we
>>> should
>>> clear out the bad wood based on what the other loggers had done.
>>>
>>>
>>> Anyway, if we agree to log it are we ruining our long term investment? I
>>> would rather wait another 10 years if we will get full potential from the
>>> property.
>>>
>>> Any thoughts?
>>>
>>> Thanks,
>>>
>>> Will
>>>
>>>
>>>
>>>
>>>
>>>
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