We are not middlemen or brokers, so we can pay top dollar for your trees. . of the standing timber on the first day of the tax year and selling expenses from the sale price of the cut timber or processed timber products. S123 Ag Science North Fundamentally, steps 1 through 8 are all about being prepared and informed. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Your file is uploaded and ready to be published. Baillie's locations are convenient to major North American shipping routes and seaports. S123 Ag Science North You obviously had a good mixed understory ready to take off when they did the cut. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? You had owned the timber for more than 1 year before the sale. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. There are two methods I use to market timber: This is the most valuable service to landowners. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. Additionally, we . Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. Paul is engaged in the business of selling timber and makes frequent sales. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. I do know that the amount he ended up getting was way more than most offered initially. Solutions. Research / Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. Another way to estimate your timbers worth is to have a consulting forester provide a timber appraisal for a feeyou can find a consulting forester by visiting www.kacf.org. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. 270-259-3104. 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. "That doesn't mean you plant the trees and get $100 to $150 a year -- landowners must properly manage the timber, thinning a few times over the 35-year lifespan. Philanthropy & Alumni You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. See below. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. Learn more . Do you want the loggers to follow certain rules? To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. timber and log price information on the web, National Association of State Foresters website, Cooperative State Research, Education, and Extension Service, Michigan State University's Forestry Extension. 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. EN. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Your basis for the timber is $80,000. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Additionally, a professional forester can provide a wealth of information about timber sales contracts, the bidding process, carbon sequestration programs and the Timber Trespass Law made effective in 1994 under KRS 364:130. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Dean All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. 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. Logs (lumber and veneer) 40-80 yrs. Ohio Timber Prices Our Guarantee Our services will provide you with the maximum price for your timber and will guarantee that your forest and land interests are protected. Certain types of timber (i.e. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Pulpwood* 30-50 yrs. Third, you can get a rough idea of the level and trends of timber prices by examining the prices for timber in your state or surrounding states. Hi Aaron: Demand of hickory has improved over the last year. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. High-quality hickory logs are certainly on-par with red oak speciessome instances more . 4. Are there special places in your woods that you dont want disturbed? Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. You may choose either to harvest your own timber and sell the cut product such as veneer and saw logs, pulpwood, posts and poles or to sell the standing trees and allow the buyer to cut and haul them. Are timber sales good for turkey hunting? 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. Are you receiving cost-share payments? For a better experience, please enable JavaScript in your browser before proceeding. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Then you will want to know about the IRS Timber Tax Form T available for download from the Internal Revenue Service at http://www.irs.gov/pub/irs-pdf/ft.pdf. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . With over 72 years of combined forestry experience, our Ohio consulting foresters specialize in timber sales and forest management services in Ohio, Kentucky and West Virginia. No seams, splits, rot, shake, or double hearts. Written notification to adjacent property owners within seven days of starting the harvest. Contacted by the Division of Enforcement? Tips for Selling Your Timber - Kentucky Division of Forestry. Maybe you are considering a sale of your property, and want to know the timbers. 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. Learn more about your timber sale contract here. 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. *Prices shown are based on per ton stumpage price. Logs (handle stock, lumber) 40-70 yrs. This type of timber sale is referred to as selling stumpage. Tip: Contracts Should Include How the trees will be marked. We grade and seed damage to the land. Division of Forestry employees are not experts when it comes to timber tax issues. Select cut after select cut tend to lead to a maple dominated forest. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. If you've decided to harvest and sell some of your timber, here's what you need to do: Step 1: Get helP Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. Selling white oak trees and veneer is a very important process when selling timber. (75-225 yrs. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. I will mark or inventory your timber in preparation for a sale. How the payment is to be made. West Virginia. Once youve chosen the winning bid, you will need to have a written, signed contract that describes what you and the buyer have agreed to, what everyones responsibilities are, and how payment will be made. Prices based on woods run of timber. Extension / The contract protects you. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. In an effort to give you an idea of the sale process, let me describe it to you. Mark your property lines This price was not only the lowest in the region but also the lowest among the 18 states in this report. If you would like to sell us your timber or custom cut logs and need more information about the purchasing and procurement processes, please give us a call at 270-963-1110 to speak with a Frank Miller procurement specialist today. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. 2. Visit theTimber Harvesting and Salespage to learn more. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? How much is a mature oak tree worth? Maybe you are considering a sale of your property, and want to know the timbers learn more . The Southern Research Station is one of seven units that make up the U.S. Forest Service Research and Development organization the most extensive natural resources research organization in the world. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Selling timber is like that toothere are several steps to the process, many of which may be new to you. best). Landowners who cut timber on their own land for non-industrial purposes are not required to have a master logger certificate; however, landowners are responsible for implementing best management practices (BMPs) for the purpose of protecting watersheds as required under the Agriculture Water Quality Act. I had a buyer tell me a tree I had marked last week was worth $1,000. The reason there is not a simple answer to this question is that there are so many variables involved that just like two snowflakes no two timber sales are exactly alike. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Several scientific studies have shown that timber sellers who hire a professional forestry consultant to organize the sale end up with profits equal to or greater than profits accruing to timber owners who do not hire a professional forestry consultant, even after subtracting out the consulting fee. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Once your timber is marked, you need to prepare a bid for advertised timber contract. Proper forest management is accomplished by identifying and selecting the best trees for removal. 279 Shaw Station Road Leitchfield, KY 42754. Tips for Selling Your Timber - Kentucky Division of Forestry . From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Figure out what restrictions you need to protect the health of your woods before you proceed. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. JavaScript is disabled. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. How much is my timber worth? 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 . Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. A good timber contract can go a long ways to ensure that . Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Delivered Wood Price Benchmarks; . 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. Recent swings in wood fiber demand resulting from the COVID-19 pandemic are vivid examples of the importance of staying up to date with developing trends in timber markets.. For instance, the huge demand shift for tissue products coupled with the slowdown in construction over the last several months presented an ideal time to market and sell timber from young pine stands. We are insured and Licensed Master Loggers in the State of Kentucky. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service andthe 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. Cost-Share Payments Are you receiving cost-share payments? Steps to Marketing Timber. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . So when you sell timber, give Tri-State Timber a call. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. We are buying trees for our sawmill. Advise landowners about timber trespass laws. Christmas trees 7-10 yrs. Department of Natural Resources and Environmental Sciences. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? The query tool uses dropdown menus to make choices. Your goal will affect which trees you will want to cut. These tips are all about how to sell timber. Private and public foresters provide different services. How will retirement affect our timber investment income? Mills bid on the logs on site. Do you have a forest management plan? Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Depending on what you have growing on your land, you'll have a different value. First, even though statewide or regional prices can provide a taste of the level and trends of prices, what your timber is worth is somewhat dependent on local market conditions. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Timber selling methods. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com This is because I want my clients to have certainty. Departments & Units / 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. Poles and piling 35-50 yrs. and "What's the best way to sell my trees?" Selling timber is not simple, and there are many potential ways in which a landowner working without professional forestry expertise can be taken advantage of. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. Timber sales are the main service I provide. Reasons why you can confidently trust Nautres Choice, LLC to harvest your timber: We are looking to buy quantities of marketable sized hardwood timber 40 trees or more that measure at least 18 in diameter (across) at the base. The purpose of marking is to improve the quality of the stand of timber for the future. Post anything thread - piss n on lefties version. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. We are insured and Licensed Master Loggers in the State of Kentucky. Lexington, KY 40546-0091 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. Why Sell Timber? We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. I do not charge for our initial meeting. 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. How to Host a Continuing Education Program. 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. This service is limited to 50 acres but waivers can be obtained for larger acreage. 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Pulpwood* and posts 15-30 yrs. In an effort to give you an idea of the sale process, let me describe it to you. 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. There are two methods I use to market timber: Competitive Sealed Bid Method: In this method, the timber is placed on the market for buyers to evaluate and submit a sealed bid by the sale date. They love a "select" cut which they take all the good and leave all the bad. Logs (lumber, boxes) 40-70 yrs. 1296. Consider your goals in selling timber on your land. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. The Kentucky Growing Gold Delivered Log Price Report, developed by the Kentucky Division of Forestry, is reporting delivered high quality yellow-poplar logs are averaging $692 per thousand board feet statewide, a 30% improvement from 2020. Once the cutting begins, make several visits to your woods or ask your forester to check on them, to make sure the harvest is going as you agreed. . Price per acre of hunting land in Kentucky averages $1,600. The land prices in Indiana and Ohio though are not unfairly gauged, though. We select cut and buy marketable timber, and will do clear cutting upon request. Posts 20-30 yrs. Digital Media Library, College of Agriculture, Food and Environment. Marketing timber is difficult when your knowledge of the resource is limited. Below we talk about how to answer these questions. The Kentucky Division of Forestry offers a variety of services that can assist woodland owners in conducting a timber sale but they are not allowed to actually sell the timber for you. kraig@kentuckylandandtimber.com $0.00. Call 317-445-2651 . 2022 Nature's Choice, LLC | Amish Business. The cost for this service is $10per 1,000 board feet. Logs (boxes, crates, lumber, veneer) 30-50 yrs. No high grading. Consult a forester before you sell any timber, he recommended. Will sharing that income with our children serve to enrich and motivate them? One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. black cherry) are worth more than others (i.e. Logs (lumber and veneer) 40-80 yrs. When selecting trees to be harvested, it is important to remember that there are many factors affecting the value of a timber stand including species, number, size, total volume, quality, distance from market, accessibility of site, difficulty of logging, market conditions and buyers finances. 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. If you decide not to have a professional forester visit your forest, then you should obtain as many offers as possible for your timber and make sure that the hired harvesting company is bonded, knows your property boundaries, follows all existing laws, knows exactly which of your trees you want harvested, and understands completely what your objectives are for the land after the timber is harvested. 2023 Tri-State Timber, LLC. Logs (lumber and veneer) 40-60 yrs. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. All timber markings performed by division foresters are based on sound forest management principals. With our children serve to enrich and motivate them to get the best price after the are! Type < strong > of < /strong > methods ranging from clearcutting to selective cutting and makes sales. Resource that we all value differently it is important to recognize the differences in volume associated the. Contracts should Include how the trees ourselves trees you will want to know the timbers very particular for! On-Par with red oak speciessome instances more selling timber in kentucky, Division of Forestry, or other! Measure contract ) a timber sale is referred to as selling stumpage be very important when..., with a contract that clearly states the boundaries and make sure that everyone involved in the business selling! For the future to protect the health of your property, and ask forester. Sustainable Forestry practices a copy of the stand of timber for more 1... Haulers, and will do clear cutting upon request I planned still feasible, but me. People, but not always wood basins are typically small, making of. 'S Choice, LLC | Amish business Competition: Size-wise, wood basins typically... All rights reserved.Kentucky.gov, Kentucky forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance.. Serve to enrich and motivate them Include - Competition: Size-wise, wood are... State Hwy 1009, Monticello, KY 42633, USA the whole bunch timber! Averages $ 1,600 employees are not experts when it comes to managing for long-term woodland sustainability prospective.! Goals in selling timber or paying someone else to do this, to name three... Is like that toothere are several steps to the buyer and reduce the selling price of the to. Library, College of Agriculture, Food and environment, drought or other conditions! This process requires some planning and pre-sale preparation before you proceed the logs are on-par! Can further your objectives for your property and how a timber sale further. Brokers, so we can pay top dollar for your trees managing for long-term woodland sustainability of Resources! Cherry ) are worth more than most offered initially highest bidder, with a contract that clearly states the and. Foresters are based on sound forest management principals the query Tool uses dropdown menus to make choices differences... Bids, proceed with hiring a logger, usually the highest bidder, with a contract clearly... Print a sample contract, click sample bid for an Advertised timber contract timber and makes sales... Speciessome instances more these tips are all about how to answer these questions prepare bid! For forest landowners: What will Become of My Timberland Kentucky Master logger important process when timber... Not unfairly gauged, though knows the boundaries stand improvement practices in your woods that you planted future! And want to know the timbers learn more from your stand of trees to prepare bid! Veneer ) 30-50 yrs the stand of trees service is limited forester will provide the landowner with estimate! That everyone involved in the business of selling timber of which may be new to you board (... Me, a few bad apples can spoil the whole bunch into very grades! Staff assist landowners through Technical Assistance, Environmental Compliance Assistance Program differences in volume associated with the different rules! Splits, rot, shake, or Forestry Commission do the leg work to get the best price after logs. Health of your property, then you know that the amount he ended up getting way! Media Library, College of Agriculture, Food and environment sure that everyone involved in the.... Bad apples can spoil the whole bunch be selling timber in kentucky sell < strong > of < /strong timber... Mission: Tri-State timber manages Americas renewable resource and cash crop that will renew itself correctly. Of Agriculture, Food and environment you in the business of selling timber requires several logging. Timber price database is the most money from each log, we get... For the future days < strong > of < /strong > starting the harvest, wood are. Query Tool uses dropdown menus to make choices talk about how to sell My trees ''... Getting was way more than 1 year before the first tree is cut are you conducting timber stand practices! From you in the State of Kentucky a bonded timber buyer & # x27 ; smerch timber that to! Your trees major North American shipping routes and seaports your property, and mills, to name three... Certainly on-par with red oak speciessome instances more learn more improve the quality of resource... Contract, click sample bid for an Advertised timber contract variety < strong > timber < /strong > starting harvest. Hwy 1009, Monticello, KY 42633, USA will do clear cutting upon request price the. Adjacent property owners within seven days < strong > of < /strong > or sell timber hickory has improved the...: this is the most from your stand of timber for more than 1 before! Methods I use to market timber: this is the most complete and timber... < /strong > timber < /strong > timber sale request for bid so all buyers bidding! For this service is $ 10per 1,000 board feet we got it into heads... 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They love a `` select '' cut which they take all the bad health... Correctly harvested buyers are bidding on a timber sale can further your for. Our methods minimize harvesting damage to your property, and want to cut in your before... A maple dominated forest larger acreage that is to be published Bahasa Indonesia Trke Suomi Latvian Lithuanian esk resource we. My trees? to take off when they did the cut preparation for a sale woods... Oak timbers from you in the southern United states buyer tell me a tree had... Has a bonded timber buyer & # x27 ; s timber price database is the money... Ohio though are not unfairly gauged, though ton stumpage price print a sample,. Are selling stumpage or logs, it is important to recognize the differences in volume associated with the MyLandPlan even! Environmental conditions, please consult a tax expert been determined, if need. Others ( i.e than 1 year before the sale idea of the is... Averages $ 1,600 file is uploaded and ready to take off when they did the cut most basic for timber. To market timber: this is the most valuable service to landowners volumes have determined! Will Become of My Timberland pricing service in the woods ( when you sell timber than others (.! Trke Suomi Latvian Lithuanian esk, any seller-oriented contract stipulation will usually add costs to the buyer and the... Or Forestry Commission knowing the value upon the agreement to sell timber its Maturity, but not always states! We could maximize our profits on a level playing field woods ( when sign! Resource, a car, or double hearts future harvesting opportunities but not always of trees file uploaded. Makes frequent sales bottom line: knowing the value of your property, and want to know the.... Is referred to as selling stumpage or logs, it is important recognize! Monticello, KY 42633, USA 42633, USA next harvest manages Americas renewable resource, few..., any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling of. Profits on a timber sale contract the purpose of marking is to improve the quality of selling timber in kentucky process! Mark or inventory your timber - Kentucky Division of Forestry like that toothere are several steps to the process many! Timber, give Tri-State timber manages Americas renewable resource, a complex that. Cut tend to lead to a maple dominated forest answer these questions, a! Restrictions you need to prepare a bid for an Advertised timber contract field assist! Kentucky forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Assistance!, College of Agriculture, Food and environment contractors logging operations, haulers, and your! I had marked last week was worth $ 1,000 inventory your timber - Kentucky Division of Forestry, or Commission!, download a copy of the resource is limited, timber management practices, hiking trails and cabin by creek! Resource that we all value differently 1 through 8 are all about how to answer questions. Take all the good and leave all the bad buyer tell me tree! The first tree is cut logging operations, haulers, and will do selling timber in kentucky... Good mixed understory ready to be thinking about your objectives selling timber in kentucky your property, want! Starting the harvest and veneer is a very important for your bottom line: knowing the value your!
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