Can you recommend me some timber learning material
Interesting in expanding my knowledge in the world of timber, any textbooks or books you can recommend? 

Primary interest is learning to calculate a rough $ per acre of value when looking at timber tracts.

Very different world from apartment development haha
[{"id": "gtkf44x", "text": "This is primarily an institutional asset class as an inflation hedge to park cash. And will under perform most other classes of CRE. I would recommend researching not timber but crop producing trees. Like walnuts, apples etc. Every ag college has an extension with white papers covering Timber/farming. Hope that helps. You can probably get to 15% IRRs plus land appreciation operating orchards.", "replies": [{"id": "gtkwfck", "text": "Thank you. This is very interesting. Do you know of any stocks or reits that cover this asset class?", "replies": [{"id": "gtl3fj3", "text": "I don't know specific names but I have heard of individuals investing in Timber REITs (sigh, likely with high transaction costs and limited liquidity) so I know they are out there.", "replies": [], "depth": 3}, {"id": "gtlg6bc", "text": "You also have to examine the underlying securities in the REIT if it\u2019s a fund. A lot of REIT ETFs hole CBRE. Which is a real estate services company and not a proper REIT.", "replies": [], "depth": 3}, {"id": "gtlp2ko", "text": "Weyerhaeuser is the timber REIT that comes to mind.", "replies": [], "depth": 3}, {"id": "gtnqbww", "text": "Check out Gladstone Land ticker LAND", "replies": [{"id": "gtnqotb", "text": "Thanks", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gtkfx36", "text": "Timber has a pretty low return on capital.  Your competitors are Weyerhaeuser. Look up how many trees they have.", "replies": [], "depth": 1}, {"id": "gtlnoir", "text": "I \ud83e\udd14  it was the Axios podcast... Or Marketwatch... But anyway they did a whole segment/interview on the consolidation within the timber industry and how it is effecting lumber yard prices. Mills are generally fitted to only handle a specific diameter of tree. So if your acreage is outside of that dimension you have to use a mill further away that hasn't been updated or a custom mill. Either of the latter paying less per foot for the tree.\n\nSuper interesting stuff. I totally get your interest.", "replies": [{"id": "gtmp30d", "text": "Would be really interested in listening if you happen to remember which podcast \ud83d\udc4d", "replies": [{"id": "gtmu8a3", "text": "Aha, [WSJ](https://www.wsj.com/articles/lumber-prices-are-soaring-tree-growers-miserable-11614177282). Audible does a run through of some of their articles every morning. That must have been where I heard it.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gtm4kan", "text": "Converting land to Agriculture can really reduce your tax rate... I have a timber tract that is small, but large enough to qualify and dropped my property tax by 90%.", "replies": [], "depth": 1}, {"id": "gtn4lrg", "text": "I grow cotton. Let me know If I could help maybe", "replies": [{"id": "gtuecn8", "text": "Very cool! What part of the country?", "replies": [{"id": "gtvufyz", "text": "I own a farm in Nebraska but I live in California", "replies": [{"id": "gtw2j6h", "text": "Very cool, we grow a good bit of cotton here in GA so I thought you might be local.", "replies": [{"id": "gtw2pud", "text": "Georgia is a cool place. I mean after all it's where cotton was first introduced into the Americas.", "replies": [{"id": "gtw3sfa", "text": "Oh yeah!", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]