Fruit Trees, Blossom Trees, and Bushes can be harvested for their fruit and blossoms. When harvested, there is a slight chance a tree sapling will drop. This sapling can be placed on your homestead. Fruit can be used to cook, craft, or consumed for energy. Blossoms can be used for crafting or for monster bait.
Wood Trees can be chopped down for wood. You will receive a sapling every time you chop a wood tree down in the world. The wood tree saplings can be placed on your homestead. Once they mature on your homestead, you will receive different amounts of wood per chop, per tree. Example, a Banyan Tree can be chopped 8 times to the stump, you will receive 1 - 2 pieces of wood per chop. A Willow Tree can be chopped 5 times to the stump and you will receive 1 wood per chop.
Wood and some wood trees can be used to craft or build the items in your Almanac.
Trees & Bushes
Trees & Bushes for Profit
Note:This table is based on trees and bushes that are harvested, out in the world.