NO
Looks great to me. Is the tree diseased in any way? If not and you can stand it, let it grow bigger and better.
No, It's not diseased in any way. this particular genus of tree grows much taller and fuller....The only problem is the heartwood atrophies and disappears and you are left with just sapwood, so you lose more than half of the tree interior. I have 1600 acres of this type of forest and am very selective about what is sacrificed and when and where, so it is managed pretty closely. In the fall, it is prime deer and turkey country. It also contains a 66 acre Oxbow from the Cimarron River for fishing
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google oxbow
From what I read, every knot/burl on these trees are an area where the tree has decided to grow a limb but it didn't come to pass......so, it's loaded with burl projections. It doesn't hurt the tree to cut a burl or 2 from the side and just let the tree be as it is......so........if you see a tree with a large projection from the trunk, chances you have found a gold mine of unusual wood. The grain runs wonderfully crazy inside these projections and make beautiful pens and turnings. I'll show a picture of one if you like.
Our local woodturners club is coming out to my place soon to harvest 1 or possibly 2 trees for the club. Possibly a Box Elder and an Oak.
The tree you see is about 36" in diameter and 40 ft tall, so it isn't a young tree. Of the two trunks you see, each is much larger than a mans thigh.....