growing timber for profit??
My friend owns 122 acres of former farmland in Southeastern Ohio. Currently, about 11 acres is wooded but the rest is open grassland and wildflowers. He got it for a steal about a year ago.
He has toyed with the idea of planting a fast-growing timber tree such as black walnut or black cherry, then in 40 years or so harvesting for timber. He's 27 now so would like to have something ready to harvest when he is of retirement age.
1-can this be done profitably?
2-are these two good species to use for a relatively fast turnaround?
3-how can you determine market prices?
4-Will lumber companies come cut your trees?
5-Is it more profitable to cut them yourself and sell the logs?