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First, the soil in the three-county black belt soil area of
Alabama along the Mississippi border where the five estate tracts
and the five leased tracts are located is a transition mix
between sandy clay and post oak black belt soil. Second, none of
the timber on the five estate tracts depletes the soil
significantly or in a different manner from the timber on the
five leased tracts. Third, the conservation techniques employed
are similar. The conservation techniques are generally the same
on all managed timberland. Leased property is clear cut and
replanted instead of select cut which is true in almost every
lease comparison. Fourth, all of the properties are subject to
periodic flooding. Fifth, all of the land is relatively flat.
Sixth, all of the properties have a hardwood/pine mix. Seventh,
each of the properties is unified as a separate property but is
segmented by logging roads that allow movement. Eighth, only two
of the properties have any improvements, the Lanford A and the
Woodward tracts. Those improvements are valued at approximately
$2,707 and $5,610,2 respectively, according to the Butler &
Gardiner appraisal.3 An adjustment can be made for those
2The insignificance of these improvements is demonstrated by
the fact that the $5,610 represents the aggregate value of five
separate structures.
3Butler & Gardiner, Inc. (Butler & Gardiner), along with
Caldwell Realty prepared appraisals of the farmland and
timberland for the Estate of Carolyn Rogers. Butler & Gardiner
prepared both an original and a supplemental report. The parties
(continued...)
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Last modified: May 25, 2011