1 00:00:01,690 --> 00:00:04,170 - [Mark] This is Mark Isselhardt, Maple Specialist, 2 00:00:04,170 --> 00:00:06,370 with the University of Vermont Extension, 3 00:00:06,370 --> 00:00:08,603 and this is another Vermont Maple Minute. 4 00:00:10,050 --> 00:00:12,780 The recent period of expansion in the maple industry 5 00:00:12,780 --> 00:00:15,560 has seen both established operations grow 6 00:00:15,560 --> 00:00:17,993 and many new operations start from scratch. 7 00:00:18,840 --> 00:00:20,810 Some real estate listings of land 8 00:00:20,810 --> 00:00:23,760 include estimated potential taps, 9 00:00:23,760 --> 00:00:25,020 but how many of those taps 10 00:00:25,020 --> 00:00:27,673 are actually economically feasible to collect from? 11 00:00:28,966 --> 00:00:31,320 What are the important questions to ask 12 00:00:31,320 --> 00:00:33,423 before making an offer on a parcel? 13 00:00:34,500 --> 00:00:36,200 There was a time when the number, 14 00:00:36,200 --> 00:00:38,840 size, and density of tappable trees 15 00:00:38,840 --> 00:00:41,610 were the most important consideration for a sugar maker 16 00:00:41,610 --> 00:00:43,433 looking to purchase more property. 17 00:00:44,320 --> 00:00:46,210 Traditionally, a sugar house would be 18 00:00:46,210 --> 00:00:48,440 centrally located on the sugar bush 19 00:00:48,440 --> 00:00:51,893 so as to lessen the distance traveled when hauling sap. 20 00:00:53,210 --> 00:00:54,950 While the number one consideration 21 00:00:54,950 --> 00:00:58,110 when looking at a parcel of land is still the trees, 22 00:00:58,110 --> 00:01:00,980 sugar makers today often find themselves faced 23 00:01:00,980 --> 00:01:04,310 with several other important aspects of the property 24 00:01:04,310 --> 00:01:05,853 before making an offer. 25 00:01:06,920 --> 00:01:10,210 Some of the more common issues facing modern sugar makers 26 00:01:10,210 --> 00:01:14,800 are access to power, quality of existing road network, 27 00:01:14,800 --> 00:01:18,053 distance to improved road, and topography. 28 00:01:19,370 --> 00:01:21,240 Like most real estate transactions, 29 00:01:21,240 --> 00:01:23,700 it comes down to an issue of value. 30 00:01:23,700 --> 00:01:26,950 In other words, does the asking price fairly reflect 31 00:01:26,950 --> 00:01:30,453 the value of the parcel for the purchaser's intended use? 32 00:01:31,970 --> 00:01:34,550 This is Mark Isselhardt, Maple Specialist, 33 00:01:34,550 --> 00:01:36,710 with the University of Vermont Extension, 34 00:01:36,710 --> 00:01:39,060 and this has been another Vermont Maple Minute.