This is the fourth in a series related to Forisk’s Q2 2017 forest industry analysis and timber price forecasts for the United States.
Article written by Brooks Mendell
July 22, 2011 FROM LandThink – Jonathon Goode
Yesterday I noticed that the price of gold has risen to $1600 per ounce, and the thought struck me that land in my part of west Alabama is selling for approximately the same price per acre. I posed the question to two local business owners whether they would rather own an ounce of gold or an acre of land. Both men responded that they would rather own land. This is an intriguing question about investing and value.
While Other Investments Wither, Forest Land's Value Keeps Growing. Timberland, which a few years ago became a popular investment among institutions and wealthy folks, has held up amid market massacres for most other assets lately. Through Sept. 30, the value of timberland rose 5%. When the National Council of Real Estate Investment Fiduciaries reports 2008's final quarter this week, this number is unlikely to move much. That marks a slower pace of growth, yet it is growth nonetheless.