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Farming, fishing and forestry

Timber plantation financial model, built free.

A three-statement Excel model for a timber plantation owner, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Owns or leases land and grows softwood or hardwood plantations, selling logs to mills and export markets, with standing trees carried at fair value.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and net asset value, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.

Annual · 10 years · Low detail
Timber plantation sample model.xlsx
The How It Works sheet of the sample timber plantation model

The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.

How it works

How the model works for a timber plantation.

  1. How it earns revenue1 formula
    Revenue (top-down) · Across the business
    RevenueUnits soldAverage price
  2. What drives its costs3 formulas
    Direct costs (top-down) · Across the business
    Cost of salesRevenuefrom statementsGross margin
    Operating expenses · Across the business
    Total FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
    Operating expenses · Across the business
    Total average FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
  3. What it invests in3 formulas
    Farmland value · All farms
    Depreciation of farm improvementsDepreciation of existing improvementsDepreciation of new improvements (from mid-period)
    Farmland value · All farms
    Improvements at period endImprovements at period startImprovements capexDepreciation of farm improvements
    Farmland value · All farms
    Farmland and improvementsLand at costImprovements at period end
  4. How it is funded3 formulas
    Distribution waterfall and carried interest · Across the business
    Manager's share above the hurdle (carried interest)Distributions above the hurdleInvestors' share above the hurdle
    Distribution waterfall and carried interest · Across the business
    Distributions to investorsTo investors until the hurdle is metInvestors' share above the hurdle
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

22 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Exchange rate (US dollar)Exchange rate by financial year
  • Revenue (top-down)Price × volume
  • Direct costs (top-down)Gross margin %
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • DebtAmortising term loan
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Net asset valueBook net asset value
  • Commodity price deckFlat real pricesPrice paths for the farm, fish and forest commodities in the model — grain, oilseeds, cotton, sugar, beef, lamb, pork, wool, milk, fish, logs, fertiliser and feed — that sales and cost methods read as indices.
  • LeasesLease register
  • Purchase price and acquisition costsAgreed price plus costs
  • Hold-period cash flowsAsset-level NOI less capex
  • Exit value and exit costsTerminal capitalisation rate
  • Investment returnsIRR, equity multiple and cash-on-cash
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Covenant tests and headroomLVR, gearing and ICR for property
  • Distribution waterfall and carried interestHurdle then split
  • Discount rate (WACC)CAPM at target gearing
  • Farmland valueHeld at costValue of farmland and fixed improvements — held at cost, revalued, or at fair value for leased-out farms.
Key numbers

The numbers it tracks.

  1. 01harvest volume
  2. 02stumpage or delivered price
  3. 03EBITDA per m³
  4. 04plantation value per hectare
  5. 05NAV per unit
Used for

What it is used for.

Also used for
  • Asset acquisition
  • Closed-end fund, syndicate or trust
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Every agriculture and food model

Looking for a timber plantation financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.