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Wood is the main intended source of obtaining Money when sold at the Wood Dropoff, and is used to fill in Blueprints. There are currently twenty species of wood in the game, two being unobtainable and two only available seasonally.
There are two stages of wood: Log (unprocessed) and Plank (processed with the use of a sawmill). Both logs and planks can be processed in sawmills, however, planks will sell higher than its unprocessed stage. Logs will lose ownership if not interacted for a while, will not save to a player's base, and if left long enough, will eventually despawn. Planks will despawn upon the owner's leave if it was not on the owner's land.