Longterm Timberland Investing

[Luke Jackson]

Hey Everyone,

Does anyone on here invest in land strictly for timber production? I have a couple VRBOs and a hunting cabin in Northern Minnesota and am wondering if this would be a good passive income stream for an extremely long term (generations) buy and hold investment.

You can buy red pine stands (10-40 years old) for $1200-$1500 per acre. Very similar to what Potlatch does, although some loggers have told me they are hurting financial. Overall the current economics of it sucks and land values have declined, which may make it a good time to enter.

I understand that it would be capital intensive and it would not be a get rich quick scheme; but for me it would be very enjoyable being a miniature timber baron so to speak. I could lease out the land for hunting to cover taxes and misc. expenses. I think that to make it feasible you would have to have very little debt. 

Thanks,

Luke Jackson