As with any property acquisition great care must be taken when acquiring
land for forestry. Issues of location, access, suitability and value
arise. To avail of grants and benefit from premium income the land to
be planted must be under agricultural usage. Planting will not be grant
aided on areas subject to turbary, grazing rights, rights of way and
some other exceptions. Folio documents and maps should be inspected
prior to acquisition and legal advice taken. Price varies with quality,
location and all the usual property factors. A reasonable assessment
of the rate of return based on the productivity of the lands and likely
premium income (bearing in mind that premium income is tax free) should
be made. There can be upside from timber prices.
Land prices have peaked and are returning to more realistic levels but
supply is limited and opportunities few. Possible environmental and
other constraints on land use mean that pre-planting approval should
generally be obtained before purchase. WOODLAND
will be happy to discuss your land requirements with you and provide
a complete service of acquisition, grant approval, contracting and maintenance.
If you have any other requirements we would also be happy to discuss
does not take commission or fees from sellers of forestry land or their
is a Forest Service approved company for
the purposes of preparing grant approval applications and subsequent
paperwork. Your WOODLAND
forester can discuss your requirements
and your preferences and, subject to site limitations, draft suitable
plans, submit to Forest Service and deal with Forest Service Inspectors
and any other Agencies that may become involved. WOODLAND
can also prepare applications for grant
Contracting and Maintenance
provides a complete contracting service,
tailored to the owner's requirements. Full details are available, on
will arrange all of the contracting elements,
such as afforestation, fencing, trees and planting as well as other
carries full public liability and employer
liability insurance and deals with reputable registered sub-contractors
and reliable nursery suppliers.
Back to top
Active management is the key to adding value to your forestry asset.
This can range to minor tweaking to more significant inputs over the
will ensure that you benefit from the full
range of incentives such as shaping, pruning grants and roading grants.
It is essential that you have a professional forester visit your forest
at least once a year and prepare a report. We aim to provide you with
reports that are largely in layman's language with any technical terms
fully explained. It is very important that the woodland owner actively
participates in reviews and decisions. An owner's knowledge and interest
contributes to optimum management. We share with you our long experience
in dealing with pension funds and other demanding clients.
Internal forest roading is usually essential prior to harvesting. To
avail of grant-aid it is essential to have prior written approval from
Forest Sevice. It may sometimes involve planning permission or other
consents and WOODLAND
can deal with these aspects as well as arrange for surveys, contractors
and suppliers. We will also deal with roading approval and grant paperwork.
Valuations are ideally arrived at by the meeting of minds of a willing
and knowledgeable purchaser and a willing and knowledgeable seller.
In an attempt to reach a fair and reasonable valuation the valuer will
normally look at transactions of a similar nature. Forestry does not
lend itself as easily as other asset types to valuation not least because
there is not an established and dynamic market for woodland sales. Valuations
arise for a variety of reasons and WOODLAND
has dealt with many of these including
some very sensitive situations. Careful objective consideration of all
the relevant factors and attention to detail should normally produce
acceptable and consistent valuation. The main factors which determine
forestry values are timber volume, timber quality, likely timber prices
and the discount rate used to calculate the present value. Other factors
include the premiums, location, access and scale. Non-timber issues
may arise such as leisure rights and amenity aspects. Taxation aspects
must be considered as well as legal issues. Some commentators are inclined
to contribute a value to carbon credits; we are conservative about this
and take the view that while forest management should consider the possibility
of carbon credits, valuations should not yet take any significant account
although a keen eye should be kept on developments.
must be considered. It is possible to insure against some of the most
obvious risks such as fire and wind and WOODLAND
offers a service in that regard. Irish
forestry is virtually disease free and our Island position helps us
to maintain this.
valuer will tend to take a cautious view of a forestry investment given
its long-term nature. As an investment it is illiquid in the sense that
it is not possible normally to convert forestry plantations into cash
overnight. Indeed for some investors the attraction has been to protect
family assets from easy liquidation! And remember trees will grow no
matter what the ISEQ or the Dow-Jones is doing.
This is the ultimate objective, in our view, of forestry. We are happy
to have had the sales of timber from woodlands planted by us less than
twenty years ago. The sale of thinning material will be a considerable
challenge for many woodland owners, particularly the more diverse sites
now being developed. Clearfell always requires the most careful consideration
and ideally should be an active consideration with an owner for some
years before a final decision. Market timing can never be perfect but
a considered approach will yield better results.
on products, leases, partnerships and sales
Over the years we have built up knowledge on many variations of investment
and ownership and can give general commercial and valuation advice.
Whenever one is entering into an investment vehicle, lease, partnership
or other type of ownership structure, legal and taxation advice as well
as independent advice on commercial issues (such as who is responsible
for replanting after clearfell) should be taken. Be especially careful
to clarify matters that may occur well into the future. What may seem
irrelevant now may well lead to a "time- bomb" for yourself or
your family at a much more critical time. Even the professional investor
needs the benefits of practical experience on an investment with an
unusually long project span. We may not have all the answers but we
know most of the questions and sometimes that can reveal a lot.
will assist in the sale or purchase of woodland properties or related
issues such as sites and access routes. Please discuss your requirements
with one of our Directors or see our Woodlands
for Sale section.
has been involved in the buying and selling of woodland properties close to thirty years. The market is limited in Ireland both on the supply
and demand side but is developing. The very specialist nature of the
asset is that in most cases the target market is quite small and it
needs specialised knowledge to reach that. An Auctioneer is unlikely
to reach all elements of that market but may help to broaden it with
specialised local knowledge. WOODLAND
is happy to act for its own clients in the sale of properties. WOODLAND
will also act for other woodland owners provided that there is no conflict
of interest. The degree of promotion will reflect the quality of the
asset - woodlands are not saleable because of simple matters such as
smaller areas, extremely poor access or, regrettably, poorer quality.
It may be a slight exaggeration that the best time to consider the sale
of a woodland is when you are planting it but do keep that objective
in mind. For instance a 4-hectare field at the bottom of the farm is
unlikely to be of any interest to anyone, with the possible exception
of an adjoining neighbour. If you are considering a sale we will be
happy to discuss it with you on a no obligation basis. If you are looking
for a property please give us a call. We sometimes feature properties on our web
site but for various reasons others on the market may not be featured.
As in all matters we ensure confidentiality.