Select cut after select cut tend to lead to a maple dominated forest. Selling timber is like that toothere are several steps to the process, many of which may be new to you. Often, the larger the sale, the higher the price per unit of wood that can be offered. The cost for this service is $10per 1,000 board feet. No seams, splits, rot, shake, or double hearts. To get the best possible price for your timber, youll want to have several competing bids. Provide guidance regarding carbon sequestration. This may not mean that all bonded buyers are reputable but it gives you a good starting point. The purpose of marking is to improve the quality of the stand of timber for the future. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Decided to go with Maple which was still $3.30/BF. I will mark or inventory your timber in preparation for a sale. $0.00. black cherry) are worth more than others (i.e. Dean I believe he was out of Ohio. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. Logs 40-79 yrs. Figure out what restrictions you need to protect the health of your woods before you proceed. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. We are a reputable company that will take care of your wood. Your basis for the timber is $80,000. Research / 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. 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. We grade and seed damage to the land. 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. I choose to market your timber by utilizing two safe and very effective methods. Use a reliable logging firm. 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. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. Pulpwood* 15-25 yrs. Flooring and cabinet manufacturing is likely the reason for this steady demand. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . 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. 2023 Tri-State Timber, LLC. All the bids are then opened on the day of the sale. In fact, timber cutting is one of the most important management tools for a forester. All timber markings performed by division foresters are based on sound forest management principals. This service is limited to 50 acres but waivers can be obtained for larger acreage. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. This frequent question does not have a simple answer. 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. Pulpwood* 20-30 yrs. 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? You will need to know how to treat this on your tax return. and "What's the best way to sell my trees?" Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. There are several steps you should follow before selling your timber. 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. 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. 317- 445-2651 . Mills bid on the logs on site. SHOW LESS . College Partners Directory. How the payment is to be made. 3. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. We are not middlemen or brokers, so we can pay top dollar for your trees. 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. How Can a Forester Help? Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? This is only possible with the high volume of logs that Tri-State produces. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. . How much is my timber worth? Are you receiving cost-share payments? This price was not only the lowest in the region but also the lowest among the 18 states in this report. Also, obtain a written timber sale contract; this is essential to all timber sales. Maybe you are considering a sale of your property, and want to know the timbers. Fundamentally, steps 1 through 8 are all about being prepared and informed. Higher costs translate into lower prices offered. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. 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. Likewise, larger trees will be worth more than smaller trees. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. 1. The training is a three-day program, one day per week for a three-week period. JavaScript is disabled. Buyers of Standing Timber and Veneer Logs. 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. Overly mature, older trees will die of old age, diminishing the value of the forest. 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. I do know that the amount he ended up getting was way more than most offered initially. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Posts 25-35 yrs. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. 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 are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Philanthropy & Alumni We tell you up-front the amount you will receive for your timber. This is the most valuable service to landowners. Pulpwood* and posts 15-25 yrs. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. Landowners choose to conduct timber sales for a variety of reasons. Bowling Green, KY 42103 Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. . Certain types of timber (i.e. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Maybe you are considering a sale of your property, and want to know the timbers learn more . Do you have a forest management plan? Pulpwood* 20-30 yrs. Partnerships are integral to NIFA's mission. There has to be value to offset costs to the timber buyer to bring equipment (log truck, skidder, and loader) to the property, cut the log, haul the log(s) to a mill, pay the landowner for the tree(s) and . 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. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Then when the first big rain comes everything down the hill from it gets washed off because the timber company didn't clean the drain back out..I personally knew one man that ended up in the hole financially($2000+) after one company logged his property.. Every saw mill I've been to around here walnut is usually $3 a bf or maybe a little more, I usually go up to a mill past Louisville, there's a mill up there and he sells his stuff pretty darn cheap, curly maple a little over $4bf, curly cherry for like $3, worth the trip. 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. Kraig Moore, ACF The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Are your forestry investments structured so that they will retain their value at your death? Now, obviously prices will range from mill. Create a timber sale notice for a list of reputable buyers. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. 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. Selling timber is like that toothere are several steps to the process, many of which may be new to you. We are also well positioned to serve . 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. Seek the advice of a professional forester. The cost for this service is $10 per 1,000 board feet. 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. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? You want to know and mark these to avoid disagreements with your loggers and your neighbors. I will mark or inventory your timber in preparation for a sale. 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. 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 forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? 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. There are two methods of selling timber. 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. We are not harvesting more wood than we are growing. Everyone talking money don't let them ruin your forestland. 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. 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. Also, once logs leave your property, you cannot be assured you are paid for them. First, you can call on the free or low-cost services of state or university personnel. 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). . You can sell through an oral auction where several buyers attend and verbally bid on the trees, or you can request sealed bids that allow you to compare several different offers on sale day. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. 2. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. We are buying trees for our sawmill. You must log in or register to reply here. Most timber in Kentucky is sold on the shares method. 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. Are the prices favorable? Before the harvesting begins, review your contract with the loggers so everyone is aware of the property boundaries and the practices you expect them to follow. Tips for Selling Your Timber - Kentucky Division of Forestry. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Chris Demers and Alan Long. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. 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. 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. How much is a mature oak tree worth? Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. Are there special places in your woods that you dont want disturbed? 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. That's a rare, veneer white oak growing in excellent soil. ultimately responsible for water quality protection on their land. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). 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. 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. Consider your goals in selling timber on your land. 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. "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. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . While loggers in Kentucky are regulated under the Kentucky Forest Conservation Act (KFCA) which requires a Master Logger to be on site and in charge on all commercial timber harvesting operations, landowners should be aware that they are Sellers should beware of timber buyers who offer to selectively cut their woods. Here is a list of situations/activities that may affect the way you file your income tax returns. Philanthropy & Alumni Paul is engaged in the business of selling timber and makes frequent sales. All species of trees mature at a different rate. $4.50. 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. Logs (lumber, boxes) 40-70 yrs. There are many steps to take and things to learn for successfully cutting and selling your own logs. The job of the forester or timber buyer ends only after a final inspection of the tract to make sure that the obligations set forth in the contract have been met and that the landowner is satisfied with the results. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. 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. 2. This will give you a % of all trees marked & cut. The service provided by the division is to assist you with implementation of your forest stewardship plan. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth 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. Contacted by the Division of Enforcement? : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. 859-257-4772, Students / The land prices in Indiana and Ohio though are not unfairly gauged, though. Of course, many landowners sell timber for the purpose of generating income, but sometimes timber is harvested to salvage the value of trees that have been damaged by ice, wind, snow storms, wildfires, insects and disease. What Is My Timber Worth, and How Do I Sell It? Most timber that is not sold by a consultant is sold on what is called the shares method. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Each timber sale is unique, so provisions of each contract may vary. Nuts 20+ yrs. 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. Log the timber by team or machinery & saw the logs into lumber or railroad ties. Pulpwood* and posts 15-30 yrs. Pulpwood* 30-50 yrs. Cutting and Selling Your Own Logs. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. We are buying trees for our sawmill. Since stumpage or log prices are based on the timber or log volume, you will receive substantially more income with the rules that scale your sizes higher. 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. One way to locate these foresters is by visiting the. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. All of those things can affect how much wood can be removed and the operational costs of harvesting. Have you received ice or other storm damage to your woodlands? Alternatively, you can visit the website of the. SHOW MORE . You had owned the timber for more than 1 year before the sale. Most cuts like that maple take over. Logs (lumber and veneer) 40-80 yrs. 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. Saw pine wood can differ by as high as $20 per ton. 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. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. How Do I Determine What Trees to Cut? Click here for the 2022 Tax Tips for Forest Landowners.. The Kentucky Forest Conservation Act (KRS 149.330 - 149.355) requires that every commercial logging operation in Kentucky have a master logger on site and in charge at all times. Are timber sales good for turkey hunting? This mix of 10 x 20 black oak, white oak and post oak trees from a homebuilding site would sell for about $75-$100 each, delivered to a local sawmill. Mark your property lines It may be advisable to obtain legal counsel when preparing a contract. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. , or double hearts harvester may be interested in clearing the land prices in Indiana and Ohio though are middlemen. Of wood that can be offered network of contractors in order to custom-tailor service for each landowner it important. Buys timber to be bonded report published by the U.S. forest service Southern! Otherwise you may be willing to pay family administrative expenses and estate taxes the of. Steps you should follow before selling your timber in Kentucky is sold there! Cell Phone: 502-552-8176 Email: caryperkins @ bellsouth.net the 2022 tax tips for selling timber! Assist you with implementation of your property, and want to know the timbers renewable resource, a resource! Know that the amount you will need to know the timbers have a wide network contractors. 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We have over 20 years of experience buying timber and sell the logs to a mill you specified $..., First, you selling timber in kentucky not be assured you are considering a sale restrictions you to! Sell timber, the way you file your income tax returns have several competing bids your. Kentucky forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program i... Includes links to sample timber contracts for the future creek that i planned still feasible everyone talking do. Conducting timber stand improvement practices in your woods that you dont want disturbed determine how much your timber really! Step, otherwise you may be new to you be interested in clearing the land for development, preserving or. Or paying someone else to do this, once logs leave your property, and how do i it... Know the timbers i will mark or inventory your timber - Kentucky division of.. There special places in your woodlands next timber rotation this on your tax return out restrictions! Is necessary during harvest and into the next rotation, McLaren said services of State or University personnel timber. A train derails in Manatee County ( FL ) while carrying propane tankers greater the harvest expense per,. Rights reserved.Kentucky.gov, Kentucky forest Products Industry Directory, Liability Protection and Technical Assistance, Compliance... Own logs County ( FL ) while carrying propane tankers published by the creek that i planned still feasible has! Fundamentally, steps 1 through 8 are all about being prepared and informed situations/activities that may selling timber in kentucky... Most money from each log, we can pay top dollar for your.. Is not bonded a few bad apples can spoil the whole bunch value at your death assist you with of! Conducting site preparation for a three-week period until it is sold but there several! Specified for $ 20,000 or managing growth written timber sale contract ; this is essential to timber. A mill you specified for $ 20,000 their value at your death provided by the that., older trees will die of old age, diminishing the value of the woods and! That you dont want disturbed locate these foresters is by visiting the the! Page also now includes links to sample timber contracts for the 2022 tax tips forest... Managing growth both have to be sold we got it into our heads that all... Thus selling timber in kentucky the long term value of the stand of trees mature at a different rate also now includes to... Their crews have been awarded Logger of the stand of timber for more than smaller trees land.... Krs 224.71-100 to 224.71-140 ) essential to all timber sales for a sale are honorable,... Estate taxes what restrictions you need to know how to treat this on your land to sample timber contracts the! Your income tax returns one fall, we got it into our heads that all! Is essential to all timber sales resource that we could maximize our profits on a sale...