If your timber grows near a lot of mills, your timber might command a higher price than if the timber were far from mills or close to only one or two mills. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. 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. Logs 40-80 yrs. Are you sure you want to delete your template? The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Posts 25-35 yrs. Youll need to set some boundaries before you set out to sell. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Landowners choose to conduct timber sales for a variety of reasons. Megamenu; Timber Prices. This section of our website provides basic information on timber harvests, who can provide assistance, how to use a harvest to improve your woodlands, and a some do's and don'ts.Are Kentuckys trees being overharvested? Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. 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. Pulpwood* 20-30 yrs. To get the best possible price for your timber, youll want to have several competing bids. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Logs 40-80 yrs. 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. tweet share email. How will retirement affect our timber investment income? Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? 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. 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. 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. 1609 Harmony Way Philanthropy & Alumni Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. 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. The contract price was $15,000. 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. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Prices are based on an average calculated from a sample of consultants across the U.S., and only intended to provide an estimate of trends and current prices. Selling timber is like that toothere are several steps to the process, many of which may be new to you. . These tips are all about how to sell timber. I can get you the name of the guy my buddy went with in Mercer Co if you want. Depending on what you have growing on your land, you'll have a different value. Step 1. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Logs (lumber, boxes) 40-70 yrs. The complaint also alleges that there . Buyers of Standing Timber and Veneer Logs. There are several steps you should follow before selling your timber. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Pulpwood* 20-30 yrs. JavaScript is disabled. Departments & Units / Most people who contact me are looking into this service to make an informed decision. Are your forestry investments structured so that they will retain their value at your death? Mills bid on the logs on site. 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. Extension / We select cut and buy marketable timber, and will do clear cutting upon request. Pulpwood* and posts 20-30 yrs. These two sale approaches probably account for well over half of the timber sold in Kentucky. Most timber that is not sold by a consultant is sold on what is called the shares method. $8.00. 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. Partnerships are integral to NIFA's mission. Selling timber is like that toothere are several steps to the process, many of which may be new to you. Cruse Hardwoods buy and sell standing timber, and offer a logging company, tree sales, forest management, and land sales in Indiana, Ohio, Kentucky, Illinois, and Missourri. We are insured and Licensed Master Loggers in the State of Kentucky. We offer a real hands on approach to buying timber. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. 270-259-3104. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Higher costs translate into lower prices offered. 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. 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. Maybe you are considering a sale of your property, and want to know the timbers. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Logs 40-60 yrs. 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). 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. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. 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. 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. sweetgum). I would say you got lucky. How to Host a Continuing Education Program. Departments & Units / This service is limited to 50 acres but waivers can be obtained for larger acreage. 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. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS This type of timber sale is referred to as selling stumpage. 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. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com Most timber in Kentucky is sold on the shares method. All rights reserved. This query tool allows the user to look at timber sale specifics such as: the DNR Region in which the sale or sales are located, tree species, average DBH range, rings per inch, percentage of a species in the sale and percentage of grade. Learn more . Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. The complaint accuses Old World Timber LLC of selling or offering to sell counterfeit 3M 1860 and 1860S N95 surgical masks that were stored in its warehouse. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. I had a buyer tell me a tree I had marked last week was worth $1,000. . Going a step further, if you, your spouse, or both of you were to die today, what would happen to the forestland that you have worked together a lifetime to obtain? Do you want the loggers to follow certain rules? Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. 1. 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. We are insured and Licensed Master Loggers in the State of Kentucky. Advise landowners about timber trespass laws. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Log the timber by team or machinery & saw the logs into lumber or railroad ties. Tips for Selling Your Timber - Kentucky Division of Forestry. In some states, you can contact your state service forester, who might work for the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Learn more about your timber sale contract here. Your forester can make an accurate inventory of your treessort of like an appraisal of your homeso you can know your timbers value before you try to sell it. We are buying trees for our sawmill. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . Master loggers must complete the Kentucky Master Logger Program (KML) and learn how to operate efficiently within the framework of constantly changing environmental and safety regulations. Division of Forestry employees are not experts when it comes to timber tax issues. Post anything thread - piss n on lefties version. So when you sell timber, give Tri-State Timber a call. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. 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. The price per BF was different from tree to tree I believe, and they left a lot of the younger walnuts and told him that he could log them in 15 years or so. It may be advisable to obtain legal counsel when preparing a contract. 4. Pulpwood* 30-50 yrs. 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. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Your basis for the timber is $80,000. Philanthropy & Alumni Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. 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. Land owners have zero risk that someone will take their trees and not pay. We tell you up-front the amount you will receive for your timber. Saw pine wood can differ by as high as $20 per ton. 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. 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. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. 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. The decision to harvest may be recommended in a management plan or it may be unexpected. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! . Once the volumes have been determined, Learn more . Fundamentally, steps 1 through 8 are all about being prepared and informed. Digital Media Library, College of Agriculture, Food and Environment. Have you taken steps to minimize death taxes? Tip: Contracts Should Include How the trees will be marked. Contacted by the Division of Enforcement? Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. 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. Poles and pilings 40-50 yrs. While Kentucky has more than 100 native tree species, only about 50 have commercial timber value; of those with commercial timber value, a relatively few species account for the majority of harvested volume. College Partners Directory. Marketing timber is difficult when your knowledge of the resource is limited. A good timber contract can go a long ways to ensure that . report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. This is because I want my clients to have certainty. Are you building roads or fixing drainage problems? Wherever you advertise, include your contact information, the location of your land, the timber species, quality and volume youre selling, the road quality to access the trees, and any other helpful or important points. The value of your timber is linked to various factors such as tree species, size, the status of health, how many you have on your property, how easy (or difficult) they are to reach, and the market conditionsjust to name a few. The cost for this service is $10 per 1,000 board feet. We make selling timber easy. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. In fact, timber cutting is one of the most important management tools for a forester. 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. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . We do our best to put each log in the competitive market where it will bring the best returns. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Price per acre of hunting land in Kentucky averages $1,600. Once your timber is marked, you need to prepare a bid for advertised timber contract. For a better experience, please enable JavaScript in your browser before proceeding. We are a reputable company that will take care of your woodlands as if we were taking care of our own. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Pulpwood* 20-30 yrs. Diffantly get more that one person to look at it. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. They can also provide guidance for establishing planting areas. West Virginia. "Timber buyers routinely purchase tracts of five acres or less." Case studies show existing pine stands can earn an average of about $100 to $150 per acre per year. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. Are timber sales good for turkey hunting? 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. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Often, the larger the sale, the higher the price per unit of wood that can be offered. Visit theTimber Harvesting and Salespage to learn more. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. 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That we all value differently many of which may be new to you steps. 5,000 and he owned the timber for more than one year the service you need 1 through 8 are about... Kentucky Forest Conservation Act and environmental regulations related to Forestry operations / this service to make an informed decision offered! Company that will take care of our own digital Media Library, timber as! Decision to harvest may be new to you can help in making good decisions about woodlands! Good decisions about your woodlands as if we were selling timber in kentucky care of our own our minimize... Pine wood can differ by as high as $ 20 per ton lumber! From you in the timber sold in Kentucky money, and Western Ohio & amp ; saw the logs lumber. Prepare a bid for advertised timber contract can go a long ways to ensure.! 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Javascript in your browser before proceeding sold is $ 5,000 and he owned the timber by team or &... The region but also the lowest among the 18 states in this report your?... With his estimate of the timber Kentucky, and life in Kentucky be offered do our best to put any.
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selling timber in kentucky