Top left: Felling of phase 1 started in June 2018.
competitive. The contract was awarded to Scottish Woodlands and felling started in June 2018.
Top right: Kirpy crusher in action.
The harvesting and haulage operations proceeded without any problems. In view of the P. ramorum infection it was decided to fell all of the larch as part of the ﬁrst coupe. The harvesting was completed by the end of September and all timber had been uplifted by the end of November that same year.
Above: Rock crushing operation at the borrow pit.
The timber was tendered at a time when timber prices were at an all-time high, so yields were impressive. The infected wind-damaged larch generated income of £8,400 per hectare and the spruce yielded in excess of £30,000 per hectare. The economy of scale and robust road infrastructure were major advantages when marketing this timber. The road enabled timber lorries to travel right into the heart of the forest, thereby reducing extraction distances and costs.
Timber purchasers are more likely to oﬀer top prices when they can foresee that timber extraction and haulage is likely to be straightforward. Replanting is scheduled to start in 2019. Reﬂecting on the above at a time when timber prices and forestry property values are high, it would be no exaggeration to say that this client’s investment has grown at an interest rate that would easily exceed 10% even when taking account of expenditure subsequent to initial purchase. In addition to this he has reaped the rewards of the ﬁrst felling coupe and consolidated his access.
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galbraithgroup.com | Forestry matters | Summer 2019 | Page 21
News and Insight from the Forestry Industry