Timberland Valuation Issues related to Condemnation, Detrimental Influences and Other Property Right

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Timberland Valuation Issues related to
Condemnation, Detrimental Influences and Other
Property Right Issues
Mississippi Chapter Association of Consulting
Foresters
August 6, 2009 Edward F. Travis, RF, ACF, MAI, ARA
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• Introduction and opening comments

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Valuation Rules- Federal, State, Jurisdictional
Issues

• Understanding the process
• Before After
• Parent tract, description of the Taking,
  enhancement, severance
• Highest Best Use- Before After
• USPAP standards and yellow book federal
  standards

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Condemnation Issues- Operation of Law

• Highway rights of way
• Power lines
• Gas transmission lines
• Avigation easements

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Condemnation Issues- Operation of Law (Continued)

• Flowage easements, in-bank dredge disposal sites
• River Harbors Act of 1970
• Endangered species - RCWs, gopher tortoise, etc.
  
• Zoning, tree ordinances, local jurisdictional
  issues

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Gopher Tortoise
Image Credits http//www.aces.edu/forestry/wildl
ife/gophertortoise.php
http//media.duc.auburn.edu/media/908934762125.jpg

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Detrimental Influences- Caused by other parties

• Environmental Issues- hazardous waste,
  contamination, curable or incurable,
  stigma
• SMZ damages, water quality issues,
  recreational/hunting lease diminution
• Wildfire Losses- arson or prescribed agency or
  private

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Detrimental Influences- Caused by other parties
(Continued)

• Storm drainage or sedimentation issues
• Inverse condemnation

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Image Credit http//www.pendergrassaerialservice
s.com
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Other Property Right Issues

• Conservation Easements- development rights,
  public access, silvicultural
  management considerations
• WRP Easements and Cost Share Programs
• Cemeteries, historical and cultural sites

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Involuntary Diminution- Acts of God

• Storm damages-hurricanes, tornadoes, floods, wild
  fires etc.- casualty loss
  valuations
• Other

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Storm Damaged Timber
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Storm Damaged Timber
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Questions Answer Session
August 6, 2009 Edward F. Travis, RF, ACF, MAI, ARA