Most Valuable Tree Species and Their Worth
The most valuable tree species that can fetch a good price are black walnut, cherry, oak, ash, and hickory. These trees typically can be sold for high amounts of money due to their hardwood being in high demand for furniture and other woodworking projects. On average, the value of the services provided by a single tree is $30,000. This amount can increase substantially in areas with a high cost of living or in urban areas where trees are scarce and provide unique benefits such as improved air quality.
Factors Affecting Tree Value
Some factors that determine worth are grade of logs, diameter, how logs can be made from the tree, and defects. Trees used for veneer purposes are most valuable.
Tree Demand and Value
Walnut trees are always most demanded in the wood industry. Oaks, maples, cherry, and ashes are also valuable trees. The bigger the log, the more it is worth. A high-quality veneer tree with a large diameter can be worth more but they are rare.