Black Walnut Tree Value Michigan
What would the value of a black walnut plantation be?
I’m both a woodworker and avid amateur arborist. I got to day dreaming about the idea of buying a few acres of southern Michigan agricultural land and planting black walnut saplings. I don’t know that I’d live long enough to see them harvested, but my children probably would. If the plantation were properly managed to produce veneer-quality wood, what would be the (ballpark) value of the timber in today’s market (per acre)? Assuming 30-40 year old trees, and maybe 100-150 per acre.
Well, I do love the idea. Black Walnut trees grow very slowly. I live in northeast Indiana and have a walnut tree that is 40 years old and it is only 10-12″ in dia. A father to one of my friends planted 25 black walnuts back in the early 90′s and claimed that they would be worth $200,000.00 in 35 to 40 years. They were at least eight feet tall when they were planted. That was back then and I now that prices have gone up since.
ILL STATE OF MIND – MC NeeKo ft. Deana Marie