Timber Appraisal Report
Robert L. & Mary Jo Potts
5615 Poor Valley Rd.
Rutledge, TN 37861
Map 048
Parcel 007.01
May 8, 2015
103 Barrie Lane
Kingston, TN 37763
(865) 248-8315
www.americanforestmanagement.com
AMERICAN FOREST MANAGEMENT, INC.
Forest Resource Consultants
www.americanforestmanagement.com
103 BARRIE LANE
KINGSTON, TN 37763
865-248-8315
FAX 865-248-8316
CORPORATE OFFICES
CHARLOTTE, NC
SUMTER, SC
May 8, 2015
Mr. Bob Potts
PO Box 22297
Knoxville, TN 37933
Dear Mr. Potts:
As requested, American Forest Management, Inc. (AFM) has performed an inventory and timber appraisal
for all merchantable timber situated on your property in Grainger County, TN (Parcel 048 007.01). Within
the 205 acre tract, we found +/- 140 acres of merchantable timber. Stands were not delineated based on
timber type. The attached map displays the area inventoried and appraised.
AFM performed the fieldwork in May 2015. The inventory was conducted using 64 sample points laid on
a grid pattern using variable radius sampling technique and a 20 BAF prism. All merchantable trees 6
inches DBH and larger were sampled and recorded by species and product class. Inventory data shows
869,596 board feet of hardwood sawtimber, 69,692 of pine sawtimber, 3,192 tons of hardwood pulpwood,
and 532 tons of pine pulpwood. The attached timber summary shows timber volumes for the entire
forested area.
Various market reports, recent comparable sales, and local knowledge were all used to determine stumpage
estimates for your standing timber. Other factors considered are shown on the attached Timber Appraisal
Variables Summary. Our estimate of value as of May 8, 2015 for all merchantable trees totals
$223,207 (Two Hundred Twenty Three Thousand and Two Hundred Seven Dollars).
We certify that we have no present or contemplated future interest in the timber appraised and that the fee
received is in no manner contingent on our appraisal. Please do not hesitate to call if you need additional
information or have any questions.
Sincerely,
Matthew J. Carr
Timber Appraisal Variables
Access
The Potts tract has adequate access for logging purposes. Work to internal roads will be needed in order to
haul the timber out via Poor Valley Road. At this time the best access seems to be from Poor Valley Road
on the east side of the tract. This road will need to be upgraded in order to haul timber out with log trucks.
Other roads may need to be constructed for ease of access and shorter hauls.
Logging Conditions
Logging conditions are normal for the area. Some of the timber can be cut with a rubber tired or track
cutter on the lower slopes and finger ridges. Most of the timber will need to be harvested with a chainsaw
and a bulldozer equipped with a winch. The tract can be logged year round with average weather as long as
the main haul road is maintained and the logging crew carefully plans harvesting activities around weather
patterns. Soil conditions vary throughout the entire tract and a NRCS soil report should help the planning
process.
Timber Quality and Quantity
Cruise data shows that current stocking and timber quality will support a timber sale. The hardwood
sawtimber quality is considered average for the area. Oak, Hickory, and Pine dominate the canopy with
Maple in the understory. Some of the Red oak species are beginning to show signs of mortality which is a
normal pattern of natural succession in older southern Appalachian forests. Most of the Pine stands have
been thinned either through natural succession or beetle kill. Overall, the property would benefit from a
timber harvest.
Timber Values
Variables used to determine timber value included; access, logging conditions, timber grade, tree size,
volume per acre, total volume, product mix, geographic location to mills, and comparable sales. Hardwood
timber prices are very fluid and we would be glad to update your appraisal in the future.
Acreage
Forested acreage was calculated using Tennessee Tax Assessor data and aerial photography. There was no
adjustment made for inoperable areas, Streamside Management Zones (SMZs), or small areas (generally
less than one acre) of un-merchantable timber. Once the timber sale area is determined we will update your
appraisal based on the updated acreage. For best results, it is recommended that GPS data is collected
while marking the sale boundary on the ground.
Geographic Location
The tract is located in an area containing adequate markets for most of the timber products found on the
tract. Several sawmills as well as adequate hardwood pulpwood markets are within normal hauling
distances from the tract. Pine sawtimber markets are not within an economically feasible hauling distance
and therefore the pine sawtimber shown in the inventory is valued at a depressed price and may even be
marketed as large pine pulpwood. At present time, there is only one outlet for pine pulpwood so prices are
depressed.
Aspect
The topography is moderate to steep on a north facing slope. North and east aspects generally produce good
to excellent quality hardwood sawtimber. South and west aspects are normally drier and contain poorer
quality timber.
Bob Potts
Summary of Data for the Potts Farm
Grainger County, TN
2015 Timber Appraisal
May 8, 2015
140 Acres
Number
of Trees
Estimated
Volume
Estimated
Value
Total
Value
Hardwood Sawtimber (1)
Red Oak
Black Oak
White Oak
Chestnut Oak
Scarlet Oak
Yellow-Poplar
Cucumber
Basswood
White Ash
Sugar (Hard) Maple
Red (Soft) Maple
Black Walnut
Black Cherry
Sycamore
Beech
Buckeye
Locust
Hickory
Paulownia
Blackgum
Birch
Sweetgum
Tie Logs
Poplar Peelers
White Oak Staves
Total Hardwood
309
68
652
2,262
149
442
74
178
180
132
97
542
48
186
472
25
5,815
102,060
12,950
79,772
327,376
20,188
77,392
16,394
29,540
18,494
11,312
4,536
82,138
6,580
23,674
53,928
3,262
869,596
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
225.00
225.00
305.00
305.00
125.00
150.00
130.00
200.00
200.00
120.00
700.00
150.00
75.00
75.00
145.00
600.00
Pine Sawtimber (2)
Hemlock
White Pine
Virginia Pine
Yellow Pine
Total Pine
292
165
456
44,296
25,396
69,692
$
$
$
$
50.00
50.00
Hardwood Pulpwood (3)
Hard Hardwood
Soft Hardwood
Total
8,842
572
9,414
2,982
210
3,192
$
$
(3)
1,019
532
$
Total Sawtimber
6,271
939,288
$
208,311
Total Pulpwood
10,433
3,724
$
14,896
Total Palletwood
-
-
$
-
Pine Pulpwood Total
($/MBF)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
22,964
2,914
24,330
99,850
2,524
11,609
2,131
5,908
3,699
1,357
3,175
12,321
494
1,776
7,820
1,957
204,827
$
2,215
1,270
3,485
$
11,928
840
12,768
4.00
4.00
4.00-
-
2,128
(1) Bd. Ft., Doyle FC 78
(2) Bd. Ft., Scribner FC 80
(3) Tons
Sale Total
$ 223,207
American Forest Management, Inc.
Bob Potts
Summary of Data for the Potts Farm
Grainger County, TN
2015 Timber Appraisal
May 8, 2015
140 Acres
Number
of Trees
Average Volume
Per Tree
Estimated
Volume
Estimated
Volume
(Whole Unit)
(Per Acre)
Hardwood Sawtimber (1)
Red Oak
Black Oak
White Oak
Chestnut Oak
Scarlet Oak
Yellow-Poplar
Cucumber
Basswood
White Ash
Sugar (Hard) Maple
Red (Soft) Maple
Black Walnut
Black Cherry
Sycamore
Beech
Buckeye
Locust
Hickory
Paulownia
Blackgum
Birch
Sweetgum
Tie Logs
Poplar Peelers
White Oak Staves
Total Hardwood
309
68
652
2,262
149
442
74
178
180
132
97
542
48
186
472
25
5,815
330
190
122
145
135
175
222
166
103
86
47
152
138
127
114
132
150
102,060
12,950
79,772
327,376
20,188
77,392
16,394
29,540
18,494
11,312
4,536
82,138
6,580
23,674
53,928
3,262
869,596
729
93
570
2,338
144
553
117
211
132
81
32
587
47
169
385
23
6,211
Pine Sawtimber (2)
Hemlock
White Pine
Virginia Pine
Yellow Pine
Total Pine
292
165
456
152
154
153
44,296
25,396
69,692
316
181
498
Hardwood Pulpwood (3)
Hard Hardwood
Soft Hardwood
Total
8,842
572
9,414
0.34
0.37
0.34
2,982
210
3,192
21.30
1.50
22.80
1,019
0.52
532
3.80
Pine Pulpwood Total
(3)
Total Sawtimber
6,271
939,288
6,709
Total Pulpwood
10,433
3,724
26.60
Total Palletwood
-
-
-
-
(1) Bd. Ft., Doyle FC 78
(2) Bd. Ft., Scribner FC 80
(3) Tons
American Forest Management, Inc.
Bob Potts
Stock Table Summary for Potts Farm, Grainger County, TN
Total Volume
2015 Timber Appraisal
May 8, 2015
140 Acres
Diameter at Breast Height
18
20
8,764
5,418
3,612
25,802
21,658
50,680
72,170
2,478
9,744
18,564
11,690
18,760
1,232
4,508
4,060
2,702
10,640
10,472
18,424
16,716
9,030
3,262
179,382
151,004
Hardwood Sawtimber (1)
Red Oak
Black Oak
White Oak
Chestnut Oak
Scarlet Oak
Yellow-Poplar
Cucumber
Basswood
White Ash
Sugar (Hard) Maple
Red (Soft) Maple
Black Walnut
Black Cherry
Sycamore
Beech
Buckeye
Locust
Hickory
Paulownia
Blackgum
Birch
Sweetgum
Tie Logs
Poplar Peelers
White Oak Staves
Total Hardwood
10
-
12
6,356
13,258
2,674
2,394
1,610
2,002
2,002
1,610
31,906
14
3,066
8,680
24,682
2,534
3,808
2,534
2,534
15,022
3,066
3,934
69,860
16
3,640
3,640
31,766
1,134
20,216
5,894
10,220
2,940
14,700
3,640
24,248
122,038
Pine Sawtimber (2)
Hemlock
White Pine
Virginia Pine
Yellow Pine
Total Pine
Total Sawtimber
10
-
12
4,452
4,452
8,904
40,810
14
5,726
4,004
9,730
79,590
16
21,994
3,164
25,158
147,196
18
8,792
8,792
188,174
6
280
280
8
700
70
770
10
1,162
140
1,302
Total Pulpwood
14
294
98
868
Total Palletwood 3
-
-
Hardwood Pulpwood (3)
Hard Hardwood
Soft Hardwood
Total
Pine Pulpwood Total
(3)
(1) Bd. Ft., Doyle FC 78
(2) Bd. Ft., Scribner FC 80
(3) Tons
22
10,584
5,698
9,772
44,562
20,440
4,886
12,992
108,934
24
15,064
7,504
24,052
5,152
51,772
26
13,734
18,340
4,298
6,398
42,770
28+
41,790
47,866
14,000
4,760
3,514
111,930
TOTAL
102,060
12,950
79,772
327,376
20,188
77,392
16,394
29,540
18,494
11,312
4,536
82,138
6,580
23,674
53,928
3,262
869,596
20
3,332
5,754
9,086
160,090
22
8,022
8,022
116,956
24
51,772
26
42,770
28+
111,930
TOTAL
44,296
25,396
69,692
939,288
12
336
336
14
182
182
16
112
112
18
154
154
20
56
56
22
-
TOTAL
2,982
210
3,192
112
1,414
140
476
84
266
28
140
56
210
56
-
532
3,724
-
-
-
-
-
-
-
-
American Forest Management, Inc.
Bob Potts
Stand Table Summary for Potts Farm, Grainger County, TN
Total Number of Trees
2015 Timber Appraisal
May 8, 2015
140 Acres
Diameter at Breast Height
18
20
50
40
20
124
80
322
341
25
40
99
40
99
25
20
25
20
50
40
99
99
40
25
1,040
682
Hardwood Sawtimber
Red Oak
Black Oak
White Oak
Chestnut Oak
Scarlet Oak
Yellow-Poplar
Cucumber
Basswood
White Ash
Sugar (Hard) Maple
Red (Soft) Maple
Black Walnut
Black Cherry
Sycamore
Beech
Buckeye
Locust
Hickory
Paulownia
Blackgum
Birch
Sweetgum
Tie Logs
Poplar Peelers
White Oak Staves
Total Hardwood
10
-
12
279
501
56
56
56
56
56
56
1,114
14
41
123
409
41
41
41
41
205
41
82
1,064
16
31
31
345
31
157
63
94
31
125
31
251
1,191
Pine Sawtimber
Hemlock
White Pine
Virginia Pine
Yellow Pine
Total Pine
Total Sawtimber
10
-
12
56
56
111
1,225
14
41
41
82
1,146
16
125
31
157
1,347
18
50
50
1,089
Hardwood Pulpwood
Hard Hardwood
Soft Hardwood
Total
6
2,451
2,451
8
2,757
251
3,008
10
2,567
321
2,888
Pine Pulpwood Total
Total Pulpwood
Total Palletwood
223
2,674
-
251
3,259
-
241
3,128
-
Grand Total Number of Trees
16,704
22
33
17
33
133
50
17
33
315
24
42
14
84
14
153
26
24
48
12
12
95
28+
20
20
20
40
722
22
17
17
331
24
153
26
95
28+
12
557
557
14
246
246
16
125
125
18
99
99
167
724
-
82
328
-
31
157
-
25
124
-
49
80
18
8
7
162
TOTAL
309
68
652
2,262
149
442
74
178
180
132
97
542
48
186
472
25
5,815
162
TOTAL
292
165
456
6,271
20
40
40
22
-
TOTAL
8,842
572
9,414
40
-
-
1,019
10,433
American Forest Management, Inc.
Potts Farm Sawtimber by Diameter Class
2015 Timber Appraisal
1,400
1,200
Number of Trees
1,000
800
600
400
200
14
16
18
20
22
24
26
28
Diameter
American Forest Management, Inc.
Potts Farm Total Sawtimber by Volume
2015 Timber Appraisal
Other
29%
White Oak
8%
Chestnut Oak
35%
Hickory
9%
Yellow-Poplar
8%
Red Oak
11%
American Forest Management, Inc.
Potts Farm Sawtimber Trees per Acre by Species
2015 Timber Appraisal
20.0
16.2
18.0
16.0
14.0
Number of Trees
12.0
10.0
8.0
4.7
6.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.2
0.0
0.3
0.5
0.5
0.7
0.9
1.2
2.0
1.1
1.3
1.3
1.3
2.1
2.2
3.2
3.4
3.9
4.0
Species
Average 45 Trees (Sawtimber) per Acre
American Forest Management, Inc.
Potts Farm Pulpwood Trees per Acre by Classification
2015 Timber Appraisal
75.0
63.2
65.0
55.0
Number of Trees
45.0
35.0
25.0
7.3
15.0
4.1
5.0
-5.0
Hard Hardwood
Pine
Soft Hardwood
Product
Average - 75 Trees (Pulpwood) per Acre
American Forest Management, Inc.