Items to consider when purchasing woodland property

Chris Will, Consulting Forester, advised annual meeting attendees to consider three important items when considering the purchase of a woodland property:

the tax consequences of selling a woodlands property versus holding it as an investment

protect it with a survey

develop a forest management plan and keep the plan updated.

Woodland acquistition criteria panelists, (right to left) Chris Will, Kate Robie and Matt Springer discuss what to do and what to avoid when considering a property purchase; Doug McLaren moderating.
Photo by Billy Thomas, UK Forestry Extension

Will was part of a panel discussing Woodland Acquisition Criteria at the 2017 KWOA annual meeting.