Sections

Forest Appraisal

In person at Flinchum's Phoenix, 650 Phoenix Road, Athens, GA

Date: Oct 27, 2021 08:00 AM to Oct 28, 2021 03:00 PM

Registration for this course is closed.

Brochure

Click here to view the brochure for this course

Purpose

This seminar will allow appraisers to comply with the competency rule of USPAP and to recognize the difference between timberland and “timbered” land. The seminar will facilitate communication between foresters and appraisers by stressing the perspectives of each profession and allow them to understand how each professional can work together to solve the question of the value of the forest land tract. Seminar participants will learn the importance of consistent analysis and allocation of sales, highest and best use analysis, and how to apply the three approaches to value when appraising forestland. The seminar will review basic principles of appraisal and will demonstrate how to use those principles when appraising forest land.

Objectives and Benefits

The objective is to enable appraisers to understand the benefit of working with a forester to provide assistance in estimating timber volumes, timber values, understanding the timber market, forestry terms, and how to think is a forester. The foresters attending this course will be exposed to basic appraisal principles, highest and best use analysis, contributory timber value, valuation approaches, and estimating pre-merchantable timber value. Foresters will understand the type of information they can provide to the appraiser.

Who Should Attend?

Foresters, appraisers, appraisal reviewers, accountants, attorneys, forestry students, and landowners..

Instructor Bio

Morgan Mellette graduated from Clemson University in 1977 with a degree in Forest Management. He worked as a procurement forester for Southland Timber Company in Augusta Georgia before starting his own forestry consulting business in 1979, in Louisville, Georgia.

In 1986, Morgan moved his business and family to Gainesville, Georgia and became a Registered Land Surveyor in 1987. While continuing his forestry consulting/land surveying business, Morgan also began his appraisal career in 1992, when he associated with Pritchett, Ball & Wise, Inc., as a contract appraiser. He worked with them primarily on timberland properties. Morgan went to work for James W. Sewall Company, Old Town Maine, as a forest analyst and appraiser, then Rochester & Associates, Gainesville, Georgia, as a Senior Surveyor for a short time from 2001 – 2005. In 2005, he left Rochester & Associates and formed Mellette Forestry Group, LLC, where he is focusing his efforts exclusively on real estate appraisal. Morgan’s primary interests are in the valuation of timber, timberland, conservation easements, rural properties, and ecologically significant and protected forestland.

Morgan is a registered forester and land surveyor in Georgia and South Carolina, and a certified general real estate appraiser in Georgia. He is a member of the Appraisal Institute (MAI), the Society of American Foresters, the Association of Consulting Foresters, and an associate member of The American Society of Farm Managers and Rural Appraisers.