Economics

Financial decisions that you make today will have ramifications for your timber property for years to come. Learn more about what you need to know to make sound financial decisions in the sections below.

FOREST SECTOR IMPACT DATA

North Carolina has 18.1 million acres of timberland, which supports a vibrant forest products industry throughout the state. For details of the economic contribution of the state’s forest sector in 2017 read Economic Contribution of the Forest Sector in North Carolina, 2017. To learn more about the forest sector’s economic impact for a specific county, click here.

TAXES

There are many tax implications that come with owning and managing forestland. However, North Carolina and the federal government offer a variety of tax incentives, tax credits and tax deductions to qualifying woodland owners. The publications and resources in this section will help to gain a better understanding of the laws and programs that exist.

COST-SHARE PROGRAMS

Cost-share programs available under the USDA  Farm Bill  and through state agencies provide financial assistance and technical know-how to help forest landowners manage their land.

SELLING TIMBER

Landowners invest years in growing and managing their timber. And for most, selling timber is a once or twice in a lifetime transaction. Mistakes can have long-term financial and environmental consequences. Here is some information that can help you maximize your return and avoid costly mistakes.