I have some land that has timber on it. This is the first year that, if you want to get the greatly reduced timber valuation, you have to have a timber "plan" in place. So I am filling it out.
One of the questions is when we are planning on doing the next thinning, and another is when we were planning on doing the next harvesting.
We want to sell some timber soon. But I assume by harvesting they mean basically clear cutting. Not sure we really want to do that that soon.
I was thinking of putting that we plan on thinning in 2023 then harvesting in 2026. But is that enough time between the two? Maybe no one would ever do that, harvest so soon after a thin, you would either thin and wait way longer to harvest or if you are going to harvest so soon just skip the thinning alltogether.
Thanks.
One of the questions is when we are planning on doing the next thinning, and another is when we were planning on doing the next harvesting.
We want to sell some timber soon. But I assume by harvesting they mean basically clear cutting. Not sure we really want to do that that soon.
I was thinking of putting that we plan on thinning in 2023 then harvesting in 2026. But is that enough time between the two? Maybe no one would ever do that, harvest so soon after a thin, you would either thin and wait way longer to harvest or if you are going to harvest so soon just skip the thinning alltogether.
Thanks.