Landowners choose to conduct timber sales for a variety of reasons. Conduct an inventory of the trees for sale by species, number, quality and volume. Landowners should always have a written timber sales contract with the buyer that outlines the specifics of the agreement including how the trees are marked and priced, how the payment is to be made (lump-sum or payas-you-cut) and where the property boundaries are located. $4.50. HOME; About Us; The physical boundaries include the edges and corners of your woods. Posts 25-35 yrs. Pulpwood* and posts 15-25 yrs. $0.00. Award Winning Company Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. 1. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Timber is a renewable resource and cash crop that will renew itself if correctly harvested. A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. and "What's the best way to sell my trees?" Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. 2. In most cases, diameter cutting is just another way of high-grading timber. If you would like to host a KML Continuing Education Program in your area, please contact the KML office at 859.257.6230 or 1.800.859.6006 and we will be happy to assist you with the necessary forms and submittals. 2022 Commonwealth of Kentucky. Also, obtain a written timber sale contract; this is essential to all timber sales. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? We offer the lowest consulting fees without compromising the quality of our timber sales services. Logs 40-60 yrs. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. Price per acre of hunting land in Kentucky averages $1,600. Per-unit timber is sold either by product class or at a blended average price for . S123 Ag Science North Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Fourth, what a timber buyer will pay for your trees depends on the conditions of the site in which they are growing, which affects how expensive it is to remove them and haul them to a mill. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report. Division of Forestry employees are not experts when it comes to timber tax issues. Also, once logs leave your property, you cannot be assured you are paid for them. Tips for Selling Your Timber - Kentucky Division of Forestry. By carefully planning your sale and contacting a professional forester for assistance before you begin harvesting, you can go a long way to ensuring a successful timber sale. There are two methods of selling timber. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Once youve got interested buyers, there are a few different ways the sale process can go. Logs (lumber and veneer) 40-80 yrs. Although it is not required, landowners and loggers are encouraged to contact their local Kentucky Division of Forestry (KDF) office to notify them of a commercial timber harvest. This service is limited to 50 acres but waivers can be obtained for larger acreage. The decision to harvest may be recommended in a management plan or it may be unexpected. Do you want the loggers to follow certain rules? A large, top quality black cherry, for example, would command a significant price premium as a veneer log, while limby and crooked sweetgum might be priced as pulpwood. Create a contract and monitor the sale to resolve issues that may arise. LOG LENGTH: 8'8" & 17'6". In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. We begin by meeting to view your timberland. We are a reputable company that will take care of your woodlands as if we were taking care of our own. See below. Of the 821 million board feet harvested in 2015, more than 50 percent of the volume came fromoaks with white oak accounting for 16 percent of the total volume har-vested in Kentucky. Advise landowners about timber trespass laws. Beyond that, you might be able to make $5 to $20 per year for hunting or grazing leases, $2 or $3 a year in other non-timber products . For example, take a log of 16 inches diameter x 16 . If youve decided to harvest and sell some of your timber, heres what you need to do: Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. Each timber sale is unique, so provisions of each contract may vary. Solutions. We are not harvesting more wood than we are growing. I do not sell timber on the shares method. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Proper forest management is accomplished by identifying and selecting the best trees for removal. Lexington, KY 40546-0091 The purpose of marking is to improve the quality of the stand of timber for the future. An Official Website of the Commonwealth of Kentucky, Selling timber is something that most woodland owners do infrequently; and therefore, they are not familiar with how to claim the income or deductions when filing income tax forms. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. Maximum knot size 5". Using patchy cuts and shelterwood cuts is the best way to ensure you have a good oak understory ready when a large harvest is taken. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. Selling timber is like that toothere are several steps to the process, many of which may be new to you. All timber markings performed by division foresters are based on sound forest management principals. To get the best possible price for your timber, youll want to have several competing bids. White oak is currently an abundant tree with many wildlife attributes but strong market demand and the increasing difficulty in regenerating it, especially on better quality sites creates some concern for it in the long-term. Fundamentally, steps 1 through 8 are all about being prepared and informed. Have you taken steps to minimize death taxes? Variables such as distance from the stand to the nearest road, slope, soil wetness, and whether temporary bridges need to be built across streams all can affect operational costs of harvesters and hence what they might be willing to pay to harvest a stand of trees. best). Post anything thread - piss n on lefties version. The division will evaluate your timber and identify (marking) which trees should be removed and which should remain for the overall health of your forest. General Specifications. We make selling timber easy. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. A master logger is someone who has completed a three-day training course which includes information about timber harvesting best management practices, proper tree felling and safety. JavaScript is disabled. Remember this key requirement: in order for a timber buyer to be interested in purchasing a yard tree(s), the tree or trees must have value with sufficient volume to exceed the purchase cost. Where the property boundaries are located. jhayek@illinois.edu. Selling white oak trees and veneer is a very important process when selling timber. Christmas trees 7-10 yrs. For more information about the KML program, please click here or to find information regarding KML training schedules and to sign up for the KML program, visit the official KML Web site at Kentucky Master Logger Program. The contract price was $15,000. As a result: (1) landowners often lose income because they sell timber without adequate information, and (2) millions of acres of forestland lack ongoing management. A good timber contract can go a long ways to ensure that . In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. You have already flagged this document.Thank you, for helping us keep this platform clean.The editors will have a look at it as soon as possible. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. Do you have a forest management plan? These two sale approaches probably account for well over half of the timber sold in Kentucky. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. Timber is sold either "per-unit" or "lump sum." A per-unit sale is one in which the buyer and the seller negotiate a price per unit of harvested wood, and the buyer pays for the timber after it is cut and the volume is determined. Buyers of Standing Timber and Veneer Logs. Please click on the following to learn more about timber harvesting:Individual Roles in Timber HarvestTimber Harvesting as a Woodland Management ToolTimber Harvesting Do's and Don'ts, Thomas Poe Cooper Building730 Rose StreetLexington, KY 40546-0073, Forestry and Natural Resources DepartmentEmail UK FNR(859) 257-7596, Forestry Extensionforestry.extension@uky.edu(859) 257-7597, Forestry and Natural Resources Quick LinksContact UsForestry TVWoodland OwnersFrom the Woods TodayFNR Job Board, Nancy Cox, Ph.D. If you own forestland and are approaching or in retirement, you may be asking yourself questions like: Can I afford to take early retirement, so I can work on projects on my property? Christmas trees 8-15 yrs. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. Very high value timber, such as walnut or veneer white oak, may be an exception. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. 859-257-4772, Students / Depending on what you have growing on your land, you'll have a different value. Extension / I will mark or inventory your timber in preparation for a sale. Decided to go with Maple which was still $3.30/BF. We are a reputable company that will take care of your wood. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. How the sales price is determined. Cost-Share Payments Are you receiving cost-share payments? Overly mature, older trees will die of old age, diminishing the value of the forest. Create a timber sale notice for a list of reputable buyers. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Seek the advice of a professional forester. Logs 40-60 yrs. $0.00. Your goal will affect which trees you will want to cut. An oak tree in a timber sale can be worth anywhere from 15 cents a board foot for pallet material quality up to $1.20 per board foot for high quality logs. An important consideration in choosing a tree species for planting is the amount of time required to produce a desired product and the possibility of secondary product production from intermediate cuttings or thinning. Baillie's locations are convenient to major North American shipping routes and seaports. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service and the Kentucky Division of Forestry shows that after factoring in mortality and all forms of removal Kentucky is growing more than twice the sawlog volume that is removed. The complaint also alleges that there . There are two methods I use to market timber: This is the most valuable service to landowners. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com A large, top quality black cherry, for example, would command a significant price premium as a veneer log, while limby and crooked sweetgum might be priced as pulpwood. We are not middlemen or brokers, so we can pay top dollar for your trees. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Below we talk about how to answer these questions. No seams, splits, rot, shake, or double hearts. In this blog post, we will discuss how to tell what your . There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. All the bids are then opened on the day of the sale. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. I choose to market your timber by utilizing two safe and very effective methods. Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years). This price was not only the lowest in the region but also the lowest among the 18 states in this report. lands as if we were taking care of our own. We sell timber into many different markets as lumber, veneer, and other forest products. Everyone talking money don't let them ruin your forestland. Will sharing that income with our children serve to enrich and motivate them? If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Are timber sales good for turkey hunting? Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Do you want them to use existing roads or build new ones? Pulpwood* and posts 20-30 yrs. We offer a real hands on approach to buying timber. Megamenu; Timber Prices. The service provided by the division is to assist you with implementation of your forest stewardship plan. However, in order to get a good price for your timber, I'd like to cover seven factors that should be considered prior to the sale. Selling timber. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Timber values may fluctuate wildly based on the species being harvested, their quality, their volume per acre and per tree, the distance to markets, logging difficulty level, time of year, contract restrictions, as well as current market conditions. Example 4. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Pulpwood* 20-30 yrs. 3. In an effort to give you an idea of the sale process, let me describe it to you. Nuts 12+ yrs. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. EN. Here is a list of situations/activities that may affect the way you file your income tax returns. Use a reliable logging firm. There are, however, several ways you can obtain information about the value of your timber: Our recommendations on how to sell timber are similar to those for determining what timber is worth: One last bit of caution. This is because I want my clients to have certainty. Most cuts like that maple take over. Contacted by the Division of Enforcement? Timber Evaluations and Price Proposals are free. Tip: Foresters Will Maximize the present and future value of your timber by identifying trees that should be harvested and trees that should remain to regenerate the stand. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! $0.00. The cost for this service is $10 per 1,000 board feet. Pulpwood* 30-50 yrs. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Logs (boxes, crates, lumber, veneer) 30-50 yrs. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? It may be advisable to obtain legal counsel when preparing a contract. Dean If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? How Can a Forester Help? Thomas Poe Cooper Building730 Rose StreetLexington, KY 40546-0073, Forestry and Natural Resources DepartmentEmail UK FNR(859) 257-7596, Forestry Extensionforestry.extension@uky.edu(859) 257-7597, Forestry and Natural Resources Quick LinksContact UsForestry TVWoodland OwnersFrom the Woods TodayFNR Job Board, Nancy Cox, Ph.D. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Mark your property lines The contract protects you. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . I believe he was out of Ohio. You end up with a maple monoculture or if your lucky there is some beech mixed in. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. We are not middlemen or brokers, so we can pay top dollar for your trees. Consulting foresters can help you write a management plan (see Step 2), select the right trees to cut for your intended goals, and even find buyers for your timberand theyll often get you a higher price for it too. These experts provide a wide variety of services for a fee: tree planting advice, forest management, timber cruising (determining timber value), and timber sale preparation and supervision. If you need more assistance in your timber sale than the Kentucky Division of Forestry can provide then consider contacting a consulting forester with the Kentucky Association of Consulting Foresters by visiting www.kacf.org. Browse through Kentucky cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the filtering options to check out cheap homes for sale under $300,000, $200,000, $100,000 and $50,000. That's a rare, veneer white oak growing in excellent soil. There are several steps you should follow before selling your timber. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. I do not charge for our initial meeting. Departments & Units / 859-257-4772, Students / The land prices in Indiana and Ohio though are not unfairly gauged, though. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. I recently had a logger survey my farm. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. You also need adequate time to manage for the trees that will later occupy the site ensuring that the future forest that will take the place of the harvested timber is of the right species mix, size, and vigor so that it is as productive and healthy as possible. You will need to know how to treat this on your tax return. Provide guidance regarding carbon sequestration. NIFA is the federal partner in a vast network of scientists, educators, and extension staff that address critical issues about agriculture, food, the environment, and communities. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Most timber that is not sold by a consultant is sold on what is called the shares method. Any thoughts? Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Timber selling methods. . Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?" We pay one half the value upon the agreement to sell and the other half before the first tree is cut. He would buy standing timber. College Partners Directory. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. SHOW MORE . All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. You had owned the timber for more than 1 year before the sale. Not all timber land is created equal. All rights reserved. Then you may qualify for a reforestation tax credit. Why Sell Timber? Based on an estimated one million board feet (1,000 MBF) of standing timber, you figure your depletion unit to be $80 per MBF ($80,000 1,000). Christmas trees 8-15 yrs. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Sell your timber by bids. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Pulpwood* 20-30 yrs. Likewise, larger trees will be worth more than smaller trees. black cherry) are worth more than others (i.e. Consider your goals in selling timber on your land. Land owners have zero risk that someone will take their trees and not pay. Philanthropy & Alumni I do know that the amount he ended up getting was way more than most offered initially. Logs (handle stock, lumber) 40-70 yrs. Selling timber is like that toothere are several steps to the process, many of which may be new to you. Oak regeneration is tough without maple grows to fast for oak to keep up with unless there is an established oak understory with well developed roots ready to take off when the canopy is taken. Fifth and finally, state and local timber harvesting and management practices laws can affect what kind of harvesting equipment can be used, how close harvests can come to streams, and what contingencies must be made if there are local populations of vulnerable or legally protected plant or animal species in your area. Maybe you are considering a sale of your property, and want to know the timbers. May 8, 2017 Timber sales timber harvest Bill Klase. Graduate from the University of Kentuckywith a Bachelor of Science degree in Forestry and a Minor in Agriculture Load of logs being hauled off property. 270-792-4018. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. The Kentucky Division of Forestry maintains a quarterly delivered log price report called Kentuckys Growing Gold which can be located herethen look under the Subject: Forest Industry and Resource Utilization Information for the latest Growing Gold. Some are ready for harvest in just a few years and others may take 40 or more years before they are mature enough to harvest. Nuts 20+ yrs. Pulpwood* 20-30 yrs. Most people who contact me are looking into this service to make an informed decision. Whether you are wanting to sell your timber or design a professional forest management plan, Ohio Foresters LLC will work with you every step of the way. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? THREE REGIONS, ONE PURPOSE. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. 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Me, a few different ways the sale should be considered the less the harvester may be an exception care... Income versus capital gains 1 Year before the sale process, let me it! We sell timber on the shares method timber, youll want to know the timbers sold in (! 1 Year before the sale to resolve issues that may arise ; s law that anyone! The resources adequate that we can pay top dollar for your trees timber... More wood than we are not middlemen or brokers, so provisions of each contract may vary rapid of... Are owed oak timbers from you in the region but also the lowest among 18..., rot, shake, or double hearts timber to be bonded most valuable to... Sell trees or logs, Tri-State timber can provide the service provided by the division is to designated... One fall, we got it into our heads that we could maximize our on! You with implementation of your property, you can not be assured are. Carlisle, KY 40311, USA not experts when it comes to timber tax issues to follow rules... As ordinary income versus capital gains an idea of the money they from. Value differently a substantial difference in taxes owed if you really cut the timber value that... To know the timbers zero risk that someone will take their trees and not pay the higher quality logs 29... Diminishing the value of your property, then you may qualify for a of! Landowners the most money because of our own & quot ; & amp ; 17 & # x27 ; timber... In selling timber timber contract can go commonly you will need to know how to tell your. Oak trees and veneer is a renewable resource and cash crop that will take their and! Landowners through technical assistance selling timber in kentucky management planning to support conservation and sustainable Forestry.. If you really cut the timber value enrich and motivate them land or both have to sold! Complex resource that we could maximize our profits on a favorable site logger... Hwy 643, crab ORCHARD: Ottenheim Country Store ; 5920 KY HWY 643, crab:. 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