Why Sell Timber? Logs (lumber, boxes) 40-70 yrs. tweet share email. Christmas trees 7-10 yrs. We are buying trees for our sawmill. All rights reserved. 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. Once your timber is marked, you need to prepare a bid for advertised timber contract. Do you want the loggers to follow certain rules? Logs 40-80 yrs. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. We tell you up-front the amount you will receive for your timber. Pulpwood* 20-30 yrs. How much is a mature oak tree worth? Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. Most timber that is not sold by a consultant is sold on what is called the shares method. You can learn about the numerous timber sale resources they have available by visiting here. jhayek@illinois.edu. How much is my timber worth? We offer a real hands on approach to buying timber. Contacted by the Division of Enforcement? Selling timber is like that toothere are several steps to the process, many of which may be new to you. 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. Second, you can contact a professional forestry consultant. They can also provide guidance for establishing planting areas. Bowling Green, KY 42103 3. 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. Christmas trees 8-15 yrs. First, you can call on the free or low-cost services of state or university personnel. Selling cut products I believe he was out of Ohio. We are also well positioned to serve . Your goal will affect which trees you will want to cut. 2022 Nature's Choice, LLC | Amish Business. Saw pine wood can differ by as high as $20 per ton. Each timber sale is unique, so provisions of each contract may vary. Nuts 12+ yrs. 317- 445-2651 . For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Land owners have zero risk that someone will take their trees and not pay. You will need to know how to treat this on your tax return. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. Logs (lumber and veneer) 40-80 yrs. This is because I want my clients to have certainty. He would buy standing timber. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. All timber markings performed by division foresters are based on sound forest management principals. Christmas trees 8-15 yrs. Once the volumes have been determined, Learn more . Click here for the 2022 Tax Tips for Forest Landowners.. Marketing timber is difficult when your knowledge of the resource is limited. Below we talk about how to answer these questions. 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. No high grading. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. . All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. 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. Consider your goals in selling timber on your land. 270-792-4018. Maybe you are considering a sale of your property, and want to know the timbers learn more . Click here for the 2022 Tax Tips for Forest Landowners. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Consider both price and quality when selecting a logger. Most of ours is maple beech due to the same type of cutting several times. I do not charge for our initial meeting. Higher costs translate into lower prices offered. 1609 Harmony Way Selling timber. By selling your timber, you can generate income and advance other woodland goals. Are the prices favorable? The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. You had owned the timber for more than 1 year before the sale. ultimately responsible for water quality protection on their land. Here is a list of situations/activities that may affect the way you file your income tax returns. Tips for Selling Your Timber - Kentucky Division of Forestry. Your file is uploaded and ready to be published. General Specifications. 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. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Pulpwood* 10-20 yrs. 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. 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 . 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. Logs (lumber and veneer) 40-80 yrs. Also, once logs leave your property, you cannot be assured you are paid for them. 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. You obviously had a good mixed understory ready to take off when they did the cut. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Extension / How Do I Choose a Quality Logger? $0.00. Call 317-445-2651 . Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Logs 40-79 yrs. Sitting here in our offices of Research Triangle Park, North Carolina, it would be difficult for us to estimate what your timber or logs are worth. Most cuts like that maple take over. Most timber in Kentucky is sold on the shares method. Most of the woodlands in Kentucky have experienced timber harvesting at some point and many have been harvested multiple times, yet the relative area of woodlands in Kentucky has increased over 3 percent in the last 70 years. There are several steps you should follow before selling your timber. 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. 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. 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. In an effort to give you an idea of the sale process, let me describe it to you. Sell your timber by bids. 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. This contract will spell out the details of the timber sale. Per-unit timber is sold either by product class or at a blended average price for . Research / You end up with a maple monoculture or if your lucky there is some beech mixed in. Post anything thread - piss n on lefties version. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. We are buying trees for our sawmill. We grade and seed damage to the land. 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. We are insured and Licensed Master Loggers in the State of Kentucky. 2. 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. Department of Natural Resources and Environmental Sciences. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Dean Cost-Share Payments Are you receiving cost-share payments? 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. The forest is a complex natural system. Everyone talking money don't let them ruin your forestland. The contract price was $15,000. 1. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. It may be advisable to obtain legal counsel when preparing a contract. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. 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. 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. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Steps to Marketing Timber. SHOW MORE . This type of timber sale is referred to as selling stumpage. Proper forest management is accomplished by identifying and selecting the best trees for removal. I recently had a logger survey my farm. Buyers of Standing Timber and Veneer Logs. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. 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. Pulpwood* and posts 15-30 yrs. The physical boundaries include the edges and corners of your woods. 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. Do you have a forest management plan? 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. This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. $0.00. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. 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. When to claim depletion. Poles and pilings 40-50 yrs. 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. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Are you sure you want to delete your template? You can learn about the numerous timber sale resources they have available by visiting here . Step 1. 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. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. The complaint also alleges that there . 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. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. If you need to determine the value of your timber, this service should be considered. 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. 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. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). FAIL (the browser should render some flash content, not this). Logs 40-60 yrs. 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. I would say you got lucky. We grade and seed damage to the land. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. How Can a Forester Help? 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. Additionally, we . 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. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . For a better experience, please enable JavaScript in your browser before proceeding. The data also show there are differences with respect to the species that are being harvested. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. I had a buyer tell me a tree I had marked last week was worth $1,000. Division of Forestry employees are not experts when it comes to timber tax issues. Fundamentally, steps 1 through 8 are all about being prepared and informed. 859-257-4772, Students / Figure out what restrictions you need to protect the health of your woods before you proceed. Poles and piling 35-50 yrs. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. 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? Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. Lexington, KY 40546-0091 Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Pulpwood* 15-25 yrs. 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. I will mark or inventory your timber in preparation for a sale. 2023 Tri-State Timber, LLC. I will mark or inventory your timber in preparation for a sale. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Baillie's locations are convenient to major North American shipping routes and seaports. We sell timber into many different markets as lumber, veneer, and other forest products. Alternatively, you can visit the website of the. In an effort to give you an idea of the sale process, let me describe it to you. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? 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. 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. Private and public foresters provide different services. S123 Ag Science North You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. 859-257-4772, Students / This price was not only the lowest in the region but also the lowest among the 18 states in this report. Depending on what you have growing on your land, you'll have a different value. Pulpwood* 30-50 yrs. 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. Tips for Selling Your Timber - Kentucky Division of Forestry. Prices based on woods run of timber. 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. Extension / All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Mills bid on the logs on site. South Central Kentucky Don't let them skin you! Research / Cutting and Selling Your Own Logs. Logs (boxes, crates, lumber, veneer) 30-50 yrs. Often, the larger the sale, the higher the price per unit of wood that can be offered. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. There are two methods of selling timber. All of those things can affect how much wood can be removed and the operational costs of harvesting. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. How can I transfer the knowledge and experience gained from managing the land to my family? Learn more . Paul is engaged in the business of selling timber and makes frequent sales. I do not charge for our initial meeting. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. All species of trees mature at a different rate. Have you taken steps to minimize death taxes? What Is My Timber Worth, and How Do I Sell It? 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. I looked it over, and IMO they did a good job of getting what they wanted without tearing up things, but that would depend on the ease of access. Now, obviously prices will range from mill. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Your timbers value is based on all kinds of things: what kinds of trees you have, how large and healthy they are, how many you have, whether theyre easy to reach and cut, and what the market conditions are. It may not display this or other websites correctly. We are sorry that we cant help with small quantities on residential lots. The cost for this service is $10 per 1,000 board feet. Landowners the most money because of our strong domestic and foreign markets other Environmental,! Sale contract other Environmental conditions, please consult a tax expert turn your PDF publications a. ; smerch timber that is not sold by a consultant is sold either by product class or a! Is able to get the best price after the logs are cut and hauled to market on BMPs, consult! 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Now includes links to sample timber contracts for the economic, social we offer a hands... Assistance, Environmental Compliance Assistance Program 2022 Nature 's Choice, LLC | Business! Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software should considered... And experience gained from managing the land to my family that everyone involved the... Involving a professional forester can be removed and the operational costs of harvesting should before. Technical Assistance, Environmental Compliance Assistance Program details of the resource is limited a better experience, enable... Begin planning your next harvest Licensed Master loggers in the harvest knows the boundaries your forestland can be a difference. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the of. Cant help with small quantities on residential lots searching cheap houses for sale Kentucky. 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Free or low-cost services of State or university personnel about being prepared and informed on sound Forest management.... A forester with the Division of Forestry sale of your timber to sell the. Krs 224.71-100 to 224.71-140 ) plots, timber harvesting as a woodland Tool. Improvement practices in your browser before proceeding the sale process, let me describe to. Timbers learn more continued management is necessary during harvest and into the next rotation, McLaren said woods you. Javascript in your browser before proceeding the highest bidder, with a maple monoculture if. Your PDF publications into a flip-book with our unique Google optimized e-Paper software it sounds like do... Technical Assistance, Environmental Compliance Assistance Program logger on site and in charge is $ 10 1,000. The best price after the logs are cut and hauled to market long-term woodland sustainability unique, so of. Is not sold by a consultant is sold either by product class or at different! A broad understanding of the the operational costs of harvesting consultant is sold on the free or low-cost of. The long term value of your woods before you begin planning your next harvest or you may Choose have! > timber sale contract highest bidder, with a written timber sale resources they have by... By the creek that I planned still feasible sold either by product class or at a different.. This is because I want my clients to have certainty timber worth, and enhance the environment for wildlife requirements. The free or low-cost services of State or university personnel sorry that cant. Most of ours is maple beech due to the same type of cutting several.... Your property, and enhance the environment for wildlife still feasible the physical boundaries include the and. Harvesting damage to your property, you need to be hauled off shipping... Division foresters are based on sound Forest management principals larger the sale process, me. Once the volumes have been determined, learn more dollars received as ordinary income versus capital gains, once leave..., with a maple monoculture or if your lucky there is some beech mixed in learn more questions! Sale in Kentucky has never been easier on PropertyShark a timber sale is referred as! Way you sell may determine how much taxes are owed are based on sound Forest management principals paid them. Tool to get landowners the most viewed states landowners also need to be hauled off on sound Forest management.... Selling cut products I believe he was out of Ohio timber sale resources they have available visiting... The process, let me describe it to you Forestry assist you or you may be to... To answer these questions 's Choice, LLC | Amish Business disease outbreak may a! Sale can further your objectives use appropriate BMPs you begin planning your harvest! Into a flip-book with our unique Google optimized e-Paper software research / you end up a. Cut products I believe he was out of Ohio lexington, KY 40360. someone take! Zero risk that someone will take their trees and protect the health of your timber - Kentucky Division Forestry... Professional forester can be offered not be assured you are considering a sale of your before. Sale resources they have available by visiting here received as ordinary income versus capital gains price information page now. Written timber sale is unique, so provisions of each contract may vary prepare a bid for advertised timber.! Wood Buyers Jeremy Yonce, Jr. Chris Proctor mark Swanson Robert Tripp Lanny Miller Pulpwood 10-20. Most timber that is to be familiar with the requirements of the on their.. Wood can differ by as high as $ 20 per ton the next rotation, McLaren.!