Timberland Sale Prospectus.pdf

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Reynolds Forestry Consulting & Real Estate, PLLC Colleen Morphew, Principal Broker Real Estate Manager Office: (870) 234-0200 ext 4

Real Estate Sales, Appraising and Forestry

Web: www.reynoldsforestry.com Email: [email protected] Cell: 870-299-0978

PO Box 1129 Magnolia, AR 71754 Fax: (870) 234-0089

Timberland Sale McDaniel 72 - Columbia County (south of Magnolia in southwest Arkansas) Sale Type:

Lump sum timberland sale by sealed bid. To view more detail visit www.reynoldsforestry.com by selecting “McDaniel 72” in “Land Sales” or email [email protected] or call Colleen at 870-299-0978.

Sealed Bid Date: Bid Location: Lump Sum Bid:

1:00 pm (USA Central Time) Thursday, July 12th, 2012 (bid luncheon at 12:00 pm). Reynolds Forestry Consulting & Real Estate Office, 2315 North Vine Street, Magnolia, Arkansas. Land & Timber Combined (Undivided 50% Interest of 72.5 deed acres): _____________________________________.

Bidder:

Name:

Company:

Phone:

.Fax:

.

. Email:

.

Property Overview: Conveying 50% undivided interest in 72.5 acres (more or less) in natural mixed forest located 3 miles south of Magnolia in the Walker Community and Magnolia school district. Electricity, phone, natural gas, and public rural water are available. Blacktop and gravel road frontage. Inventory Method:

Inventoried with seventy 1/10th acre plots; plot #1 starting in SW corner with beginning strip running south to north, plots were

flagged orange and numbered. Bidders are welcome to conduct due diligent inspections and/or inventories. All individuals entering upon the property assume liability for their own safety and actions and waive landowner liability. Stocking Summary: Stand A Stand B Acres Acres

Product

Total Acres

Hardw ood Pulpw ood Pine Saw timber

Trees Per Dbh Height Average Acre Average (16' Logs) 117

7.6''

22

11.9''

37

7.0''

Oak Saw timber

2

14.7''

Miscellaneous Saw timber

1

14.0'' na

71

Pine Pulpw ood

0

71

Pow er Line

0

1.5

1.5

na

Total Timber Volumes

71

1.5

72.5

178

2.1 2.0 2.3 1.1 1.4 na

Tons Per Tons Per Tree Acre

Tons Total

0.24

29

2,032

0.58

13

894

0.22

8

588

0.57

1

69

0.58

0

29

na

na

na

0.29

51

3,612

Dbh = Diameter at Breast Height (4.5 feet from above ground; Refer to website for Volumes & Reports

Access:

Approximately 290 feet of blacktop road frontage on Columbia County Road 246 and approximately 856 feet of gravel road frontage on Columbia County Road 265.

Bidding:

Bids received by fax, email, web, mail, in-person and phone (recorded) are confirmed and sealed until bid opening. If you need additional information or a tour of the property feel free to contact me. Notification of bid acceptance or rejection to intentful bidders with-in 48-hours.

Reservations:

Minerals are reserved. Seller reserves the right to reject any and all bids.

Earnest & Closing:

5% earnest money paid within 5 business days of acceptance. Closing administered by RFC. Closing within 30-days of bid acceptance. Taxes prorated. Revenue stamps, buyer’s title insurance and closing administration divided equally. Closing costs added by buyer are paid by buyer. No other terms exist outside this document unless dually executed by both parties. All submitted bids (verbal or written) are legally binding to all terms stated in this bid prospectus and any deviating party is responsible for reimbursing legal costs related to ensuring compliance. Exceptions & contingencies by bidder must be in writing with bid.

Legal & Lines:

50% undivided interest in 72.5 acres more or less consisting of 35 acres in SW¼ of SE¼; 6.5 acres in W½ SE¼ SE¼; and 31 acres in NW¼ SE¼ all in Section 1, Township 18 South Range 21 West, all in Columbia County, Arkansas. North sale boundary Columbia County Road 246; East boundary RFC white flagging, old fence, and old pink flagging; South boundary RFC white flagging and Columbia County Road 265; West boundary white paint, old pink flagging, and RFC white flagging (see aerial map). No survey provided. Metes and Bounds described in warranty deed. Email or call if you have any questions or would like a tour of the property. Colleen Morphew, Principal Broker, Reynolds Forestry Consulting & Real Estate, Pllc

Columbia County Road 246 McDaniel 72 Timberland Sale Prospectus

Old homeplace oak

Natural pine

Natural mixed forest Page 1 of 11

McDaniel 72 Timberland Sale Prospectus

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McDaniel 72 Timberland Sale Prospectus

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McDaniel 72 Timberland Sale Prospectus

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Volume Report Summary McDaniel 72 Columbia County, Arkansas Margie Russ' - 50% Undivided Interest www.reynoldsforestry.com May 3, 2012

Product

Stand A Acres

Stand B Acres

Total Acres

Trees Dbh Per Acre Average

Height Tons Per Tons Per Average Tree Acre (16' Logs)

Tons Total

Hardwood Pulpwood

117

7.6''

2.1

0.24

29

2,032

Pine Sawtimber

22

11.9''

2.0

0.58

13

894

37

7.0''

2.3

0.22

8

588

Oak Sawtimber

2

14.7''

1.1

0.57

1

69

Miscellaneous Sawtimber

1

14.0''

1.4

0.58

0

29

na

na

na

na

na

0.29

51

3,612

Pine Pulpwood

71

0

71

Power Line

0

1.5

1.5

na

Total Timber Volumes

71

1.5

72.5

178

Dbh = Diameter at Breast Height (4.5 feet from above ground)

McDaniel 72 Timberland Sale Prospectus

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Inventory Report

McDaniel 72

Margie Russ Columbia County, Arkansas 6/17/2012

RFC P. O. Box 1129 Magnolia, AR 71754 (870) 234-0200

72.5 Total Acres 71 Cruised Acres

Hardwood Pulpwood Trees

Cords

Tons

Value

Merchantable Heights in 16 Foot Logs Diameter at 4.5' 6 8 10 12 14 16 18

Form Class 78 78 78 78 79 79 79 Total

1 930 70 20 0 0 0 0

1.5 1300 330 80 20 0 0 0

2 1110 690 270 100 0 0 0

2.5 440 820 480 280 40 20 10

3 500 300 230 220 0 0 0

3.5 0 10 10 50 0 0 0

Total Trees 4,280 2,220 2,220 2,220 2,220 2,220 2,220

Per Acre 60.3 31.3 15.4 9.4 0.6 0.3 0.1

Total Cords 206 225 180 169 14 9 6

Per Acre 2.9 3.2 2.5 2.4 0.2 0.1 0.1

Tons Total 518 566 453 424 34 23 14

Tons Per Acre 7.3 8.0 6.4 6.0 0.5 0.3 0.2

Loads (28 Tons) 18.5 20.2 16.2 15.2 1.2 0.8 0.5

$4 Per Ton $2,072 $2,264 $1,812 $1,696 $136 $92 $56

1,020

1,730

2,170

2,090

1,250

70

8,330

117.3

808

11.4

2,032

28.6

72.6

$8,128

McDaniel 72 Timberland Sale Prospectus

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Margie Russ

McDaniel 72

RFC

Columbia County, Arkansas 6/17/2012

72.5 Total Acres 71 Cruised Acres

P. O. Box 1129 Magnolia, AR 71754 (870) 234-0200

Pine Sawtimber Trees

Diameter at 4.5' 9 10 12 14 16 18

Merchantable Heights in 16 Foot Logs Form Class 1 1.5 2 64 0 0 0 81 60 320 130 81 30 140 120 81 20 50 60 81 0 30 0 81 0 0 20 Total

110

540

330

2.5 0 120 180 70 20 0

3 0 0 70 20 40 10

3.5 0 0 0 20 10 0

Total Trees 0 630 540 240 100 30

Per Acre 0.0 8.9 7.6 3.4 1.4 0.4

390

140

30

1,540

22

Tree Count by Diameter

Pine Sawtimber Summary

Doyle Log Rule (derived from CF)

Total Average 16 ft. Logs Logs/Tree 0 0.0 1,100 1.7 1,140 2.1 520 2.2 250 2.5 70 2.3 3,080

2.0

Tons

Total BF 0 15,380 28,221 21,379 14,545 6,058

Per Acre 0 217 397 301 205 85

Per Tree 0 24 52 89 145 202

Average BF/Log 0 14 25 41 58 87

Tons Total 0 222 317 195 117 43

Tons Per Tree 0.0 0.4 0.6 0.8 1.2 1.4

Loads (28 Tons) 0.0 7.9 11.3 7.0 4.2 1.6

CF Total 0 6,601 9,407 5,778 3,463 1,289

CF Per Acre 0 93 132 81 49 18

CF Per Tree 0 10 17 24 35 43

85,583

1,205

56

28

894

0.6

32

26,538

374

17

Tonnage by Diameter 350

Average DBH (inches) 11.9 Average Height (16 Ft Logs) 2.0

700

630

400 240 100 0

30

McDaniel 72 Timberland Sale Prospectus

117

9

10 12 14 16 18

50

43 0

0

0

Average Tons/Acre 13

195

100

200 100

222

250

T O 200 N 150 S

500 300

317

300 540

600 T R E E S

Cubic Feet

DBH

9

10 12 14 16 18 DBH

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Inventory Report

McDaniel 72

Margie Russ Columbia County, Arkansas 6/17/2012

RFC P. O. Box 1129 Magnolia, AR 71754 (870) 234-0200

72.5 Total Acres 71 Cruised Acres

Pine Pulpwood Trees

Cords

Tons

Merchantable Heights in 16 Foot Logs Diameter at 4.5' 6 8 10 12 14

Form Class 81 81 80 80 80 Total

1 120 0 0 0 0

1.5 300 80 0 0 0

2 490 160 0 0 0

2.5 470 460 0 0 0

3 100 260 70 40 30

3.5 0 20 0 0 0

Total Trees 1,480 980 70 40 30

Per Acre 20.8 13.8 1.0 0.6 0.4

Total Cords 79.7 107.8 13.4 11.1 11.5

Per Acre 1.1 1.5 0.2 0.2 0.2

Tons Total 210 283 35 29 30

Tons Per Acre 3.0 4.0 0.5 0.4 0.4

Loads (28 Tons) 7.5 10.1 1.3 1.0 1.1

120

380

650

930

500

20

2,600

36.6

223.6

3.1

588

8.3

21.0

McDaniel 72 Timberland Sale Prospectus

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Inventory Report

McDaniel 72

Margie Russ Columbia County, Arkansas 6/17/2012

RFC P. O. Box 1129 Magnolia, AR 71754 (870) 234-0200

72.5 Total Acres 71 Cruised Acres

Oak Sawtimber Trees

Merchantable Heights in 16 Foot Logs Diameter Form at 4.5' Class 1 1.5 14 78 60 30 16 78 20 0 18 78 10 0 Total

90

30

Total Trees 90 20 10

Per Acre 1.3 0.3 0.1

120

2

Total Average 16 ft. Logs Logs/Tree 105 1.2 20 1.0 10 1.0 135

Red Oak Sawtimber Summary Average DBH (inches) 14.7 Average Height (16 Ft Logs) 1.1 Average Tons/Acre 1.0

Doyle Log Rule (derived from CF)

1.1

Tree Count by Diameter 100 T R E E S

90

40

Per Tree 54 73 104

Average BF/Log 46 73 104

Tons Total 48 13 8

Tons Per Tree 0.5 0.7 0.8

Loads (28 Tons) 1.7 0.5 0.3

CF Total 1,311 346 222

CF Per Acre 18 5 3

CF Per Tree 15 17 22

7,347

103

61

54

69

0.6

2

1,879

26

16

Tonnage by Diameter 48

T 40 O 30 N S 20

20 10

20

13

10

8

0

0 14

16 DBH

McDaniel 72 Timberland Sale Prospectus

Per Acre 68 20 15

50

60

Cubic Feet

Total BF 4,851 1,453 1,043

60

80

Tons

18

14

16

18

DBH

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Inventory Report

McDaniel 72

Margie Russ Columbia County, Arkansas 6/17/2012

RFC P. O. Box 1129 Magnolia, AR 71754 (870) 234-0200

72.5 Total Acres 71 Cruised Acres

Miscellaneous Hardwood Sawtimber Trees

Merchantable Heights in 16 Foot Logs Diameter Form at 4.5' Class 1 1.5 14 78 10 40 Total

10

40

Miscellaneous Hardwood

Sawtimber Summary Average DBH (inches) 14.0 Average Height (16 Ft Logs) 1.4

Total Trees 50

Per Acre 0.7

50

1

Doyle Log Rule (derived from CF)

Average Total 16 ft. Logs Logs/Tree 70.0 1.4 70

1.4

McDaniel 72 Timberland Sale Prospectus

Per Tree 63

Average BF/Log 45

Tons Total 29

Tons Per Tree 0.6

Loads (28 Tons) 1.0

CF Total 850

CF Per Acre 12

CF Per Tree 17

3,145

44

63

45

29

0.6

1

850

12

17

Tonnage by Diameter

50 T O N S

10 0

Average Tons/Acre 0.4

Per Acre 44

50

T R 40 E 30 E 20 S

Cubic Feet

Total BF 3,145

Tree Count by Diameter 60

Tons

35 30 25 20 15 10 5 0

29

14

14

DBH

DBH

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Inventory Utilizations www.reynoldsforestry.com

* Trees were inventoried by diameter at breast height (dbh; two inch classes at 4.5 feet). * Pine Sawtimber dbh reported as >10 inches in two inch classes as follows: 10" = 9.1" - 11.0" dbh; 12" = 11.1" - 13.0" dbh, etc. * Hardwood Sawtimber dbh reported as >14 inches in two inch classes as follows: 14" = 13.1" - 15.0" dbh; 16" = 15.1" - 17.0" dbh, etc. * Tree heights were called in 16 feet logs to 6" top diameters outside bark (dob) for pine sawtimber, 9" top dob for hardwood sawtimber, 3"top dop for all pulpwood, or to merchantability (whichever occurred first). * Saw-log merchantable heights are defined as: 1) to the heights specified above, or 2) the height where a whorl of 3 or more branches (whose diameters are equal to or greater than the diameter of the supporting stem) occurs within a 1-foot stem section if there is not a minimum of 8 feet of clear stem above the whorl. If a one foot section has three or more 3 inch diameter branches, regardless of the diameter, the height is called just below the one foot section.

* Cubic Feet were derived from USFS's "Stem Profile Equations for Southern Tree Species" by Clark, Souter and Schlaegel. * Board Feet in Doyle was derived from the cubic feet using conversion tables in the Forest Service's "Service Forester's Handbook". * Pine Sawtimber tons were derived from Cubic feet using 3.37 tons per Cunit (10" - 18" dbh) and 3.30 tons per Cunit (20" - 30" dbh). * Hardwood Sawtimber tons were derived from Cubic feet using 3.65 tons per Cunit for Oak and 3.40 tons per Cunit for Misc. Hardwood. * Pulpwood volumes were derived from cubic feet. Cords were derived using 78 cubic feet per cord for pine and 74 cubic feet per cord for hardwood. Cubic feet were converted to tons using 3.37 tons per cunit for pine and 3.4 tons per cunit for hardwood.

* Expected tonnage fluctuations occur between winter and summer logging due to sap flow and moisture composition. * Tree count and dbh are not guaranteed.

McDaniel 72 Timberland Sale Prospectus

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