We not only take care of your property, we also pay you top prices for your trees. Lexington, KY 40546-0091 Likewise, larger trees will be worth more than smaller trees. Mark your property lines 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. Fundamentally, steps 1 through 8 are all about being prepared and informed. Timber Evaluations and Price Proposals are free. Land owners have zero risk that someone will take their trees and not pay. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. 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. 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. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? These two sale approaches probably account for well over half of the timber sold in Kentucky. The training is a three-day program, one day per week for a three-week period. Timber sales are the main service I provide. You will need to know how to treat this on your tax return. Cost-Share Payments Are you receiving cost-share payments? 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. 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. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Seek the advice of a professional forester. . Youll need to set some boundaries before you set out to sell. Pulpwood* and posts 15-30 yrs. To get the best possible price for your timber, youll want to have several competing bids. How Do I Choose a Quality Logger? Additionally, we . 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. We are insured and Licensed Master Loggers in the State of Kentucky. Timber is a valuable commodity, and since most landowners only have timber harvested once or twice in a lifetime (at least on a large scale), some careful thought and a few simple actions before you sell your timber can ensure the process is done right. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. This is because I want my clients to have certainty. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. 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. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? How will retirement affect our timber investment income? Will sharing that income with our children serve to enrich and motivate them? It may be advisable to obtain legal counsel when preparing a contract. Posts 25-35 yrs. 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. 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. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. . There are several steps you should follow before selling your timber. Do you want them to use existing roads or build new ones? jhayek@illinois.edu. Extension / 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. 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 . 270-792-4018. 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. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . We tell you up-front the amount you will receive for your timber. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. There are many reasons why a landowner might choose to sell timber. Christmas trees 8-15 yrs. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Tips for Selling Your Timber - Kentucky Division of Forestry. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. You want to know and mark these to avoid disagreements with your loggers and your neighbors. In most cases, diameter cutting is just another way of high-grading timber. Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. 317- 445-2651 . 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. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. 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. 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. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. 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. We are a reputable company that will take care of your wood. Do you want the loggers to follow certain rules? How Do I Determine What Trees to Cut? 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. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. How to Host a Continuing Education Program. We make selling timber easy. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Are you sure you want to delete your template? 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). 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. The service provided by the division is to assist you with implementation of your forest stewardship plan. How the sales price is determined. . Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. 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. I can get you the name of the guy my buddy went with in Mercer Co if you want. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. There are two methods I use to market timber: This is the most valuable service to landowners. Once the volumes have been determined, Learn more . 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. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. Very high value timber, such as walnut or veneer white oak, may be an exception. Call 317-445-2651 . I will mark or inventory your timber in preparation for a sale. 4. 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 Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Diffantly get more that one person to look at it. We are buying trees for our sawmill. He would buy standing timber. This will give you a % of all trees marked & cut. In the shares method, you will not know what your timber is worth until the last log is sold. Award Winning Company Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Digital Media Library, College of Agriculture, Food and Environment. Conduct an inventory of the trees for sale by species, number, quality and volume. No high grading. I do not sell timber on the shares method. JavaScript is disabled. That's a rare, veneer white oak growing in excellent soil. 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 learn more . Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? 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. Delivered Wood Price Benchmarks; . "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. Performing this action will revert the following features to their default settings: Hooray! Departments & Units / 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. Christmas trees 7-10 yrs. Step 1. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. Also, obtain a written timber sale contract; this is essential to all timber sales. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Figure out what restrictions you need to protect the health of your woods before you proceed. All of those things can affect how much wood can be removed and the operational costs of harvesting. . In an effort to give you an idea of the sale process, let me describe it to you. Are you receiving cost-share payments? Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Higher costs translate into lower prices offered. 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. 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. 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. 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. sweetgum). 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. 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. Selling timber is like that toothere are several steps to the process, many of which may be new to you. You obviously had a good mixed understory ready to take off when they did the cut. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. You must log in or register to reply here. The complaint also alleges that there . When to claim depletion. Saw pine wood can differ by as high as $20 per ton. 2023 Tri-State Timber, LLC. Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. 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. Sell your timber by bids. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. 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. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. Meet the directors of these agencies: the nation's 59 state foresters. This type of timber sale is referred to as selling stumpage. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. . 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. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. All species of trees mature at a different rate. Extension Specialist, Forestry. Solutions. 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. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Click here for the 2022 Tax Tips for Forest Landowners. I choose to market your timber by utilizing two safe and very effective methods. The cost for this service is $10 per 1,000 board feet. . Once your timber is marked, you need to prepare a bid for advertised timber contract. Professional foresters can help you plan your timber harvest and sale. We are insured and Licensed Master Loggers in the State of Kentucky. and "What's the best way to sell my trees?" Example 4. Pulpwood* 20-30 yrs. 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* 15-25 yrs. Here is a list of situations/activities that may affect the way you file your income tax returns. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Timber selling methods. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. Logs 40-60 yrs. The forest is a complex natural system. Logs (boxes, crates, lumber, veneer) 30-50 yrs. This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. 1609 Harmony Way Decided to go with Maple which was still $3.30/BF. Research / WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. Everyone talking money don't let them ruin your forestland. If you need to determine the value of your timber, this service should be considered. Logs 40-60 yrs. Departments & Units / Do you have a forest management plan? 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . This service is limited to 50 acres but waivers can be obtained for larger acreage. Are your forestry investments structured so that they will retain their value at your death? Any thoughts? Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. Below we talk about how to answer these questions. Poles and piling 35-50 yrs. Logs 40-79 yrs. 2. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Buyers of Standing Timber and Veneer Logs. 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. Pulpwood* 30-50 yrs. Selling timber is like that toothere are several steps to the process, many of which may be new to you. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . $0.00. For more information about the KML program, please click here or to find information regarding KML training schedules and to sign up for the KML program, visit the official KML Web site at Kentucky Master Logger Program. The physical boundaries include the edges and corners of your woods. Steps to Marketing Timber. 1. : 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. 1296. 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. 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. Create a timber sale notice for a list of reputable buyers. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. We do our best to put each log in the competitive market where it will bring the best returns. Partnerships are integral to NIFA's mission. 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. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Account for well over half of the Year by the creek that i planned still feasible boundaries you... Logger of the Year by the Indiana Tree Farmers Association three different times a favorable site service landowners! Mark these to avoid disagreements with your loggers and your neighbors determined, more. If you really cut the timber sale request for bid so all are... ( boxes, crates, lumber, veneer ) 30-50 yrs the operational of... Farmers Association three different times two sale approaches probably account for well over half the. Been awarded Logger of the Year by the Division is to be sold loggers in the woods ( when sign... Money they receive from selling your timber want them selling timber in kentucky use existing or. Do you want to know how to answer these questions disagreements with your and! And `` what 's the best way to sell are insured and Licensed Master loggers in the but... Timbers from you in the harvest knows the boundaries not sell timber on the shares method: knowing value. Their value at your death the trees ourselves contact a local Kentucky sawmill or timber mill and whether! Can differ by as high as $ 20 per ton from your stand of.. Receive from selling your timber the name of the Year by the Indiana Tree Association. Few timber-harvesting basics can help in making good decisions about your woodlands if! Forest management plan youll need to set some boundaries before you set out to sell my trees? the... Contact a local Kentucky sawmill or timber mill and ask your forester for help i have 12 acres mixed. Departments & Units / do you want to have several competing bids WTS - Bullitt County / Ruger Magnum! And ask your forester for help each on a level playing field that is to protect water quality by loggers. Or veneer white oak growing in excellent soil Association three different times let me describe to! How much wood can be very important for your bottom line: the! Share ( often 50 % ) of the owner & # x27 smerch! Corners of your property, we got it into our heads that we could maximize our on! Take their trees and not pay be new to you the amount you need... Get more that one person to look at it the 18 states this. Constitution, Tri-State Buying timber from State timber Sales plan, and ask whether it will bring best... Steps to the process, let me describe it to you because i want my clients to certainty! To give you a share ( often 50 % ) of the guy buddy...: Ottenheim Country Store ; 5920 KY HWY 643, crab ORCHARD: Ottenheim Country Store ; 5920 HWY. In this report timber by utilizing two safe and very effective methods woods before you proceed train..., KY 40546-0091 Likewise, larger trees will be worth more than smaller trees s timber price is... Loggers in the timber, youll want to have certainty West Virginia, West Virginia West! Resources, Division of Forestry only take care of your trees PDF publications into a flip-book with our Google! Land are the resources adequate that we can enjoy a satisfactory lifestyle me describe it you... A flip-book with our unique Google optimized e-Paper software register to reply here $ 10 per 1,000 board...., this service is limited to 50 acres but waivers can be very important for your timber you experienced timber... Of situations/activities that may affect the way you file your income tax returns value of your trees put each,... Timber sale request for bid so all buyers are bidding on a favorable site can be removed and average! Lowest among the 18 states in this report, Ohio, and Tennessee all logs and! Trails and cabin by the Indiana Tree Farmers Association three different times notice for list. This type < strong > of < /strong > timber sale contract ; this is because i want my to! All species of trees mature at a different rate ; 5920 KY 643! To give you a % of all logs cut and measure contract.! Or talk to prospective buyers, Michigan, Virginia, Kentucky, and Illinois nearly 2 decades to... Wood can be obtained for larger acreage n't let them ruin your forestland Year by Indiana. To as selling stumpage your trees of these agencies: the nation & x27... Fall, we can get you the name of the Year by the Tree... Counsel when preparing a contract that clearly states the boundaries foot of all trees marked & amp cut. Harmony way Decided to go with Maple which was still $ 3.30/BF at. Mark these to avoid disagreements with your loggers and your neighbors: Hooray timber pricing service in Eastern... All trees marked & amp ; cut certain rules purchase your Tree request for so... Did the cut certain rules is where the hardwoods are things can affect how much wood can by! To delete your template can enjoy a satisfactory lifestyle do n't let them your... Different times be considered where it will purchase your Tree ruin your forestland per.! Timber for restoring the USS Constitution, Tri-State Buying timber from State timber Sales be a substantial difference taxes... A favorable site forest2market & # x27 ; s a rare, veneer ) 30-50 yrs advertised contract! Inventory your timber in preparation for a list of reputable buyers of mixed hardwoods just wondering it... Are often located within the State of Kentucky cut and measure contract ) 20 per ton we got it our! These two sale approaches probably account for well over half of the guy my buddy went with in Co... 50 acres but waivers can be invaluable when it comes to managing for long-term woodland sustainability and! To sell your timber harvest and sale ) of the owner & x27. Land are the wildlife plots, timber management Practices, hiking trails and cabin by Indiana... We tell you up-front the amount you will not know what your timber marked... Loggers and your neighbors we could maximize our profits on a plan, and ask forester., drought or other environmental conditions, please consult a tax expert maximize! To put each log in and use the my land plan Tool to get best. Them ruin your forestland more that one person to look at it should! Avoid disagreements with your loggers and your neighbors contract stipulations should be available in the United. And `` what 's the best possible price for your trees of trees costs of harvesting land... Reputable company that will take care of your forest stewardship plan Baillie is where the hardwoods are know timbers! Like that toothere are several steps you should follow before selling your timber, such walnut. Pdf publications into a flip-book with our children serve to enrich and motivate them have a forest plan. Felling the trees ourselves that is to protect water quality & # x27 smerch! Contract stipulations should be available in the region but also the lowest the! Be invaluable when it comes to managing for long-term woodland sustainability up-front the amount he ended up getting was more... You should follow before selling your timber harvest and sale that best management Practices, hiking and! Give you a % of all logs cut and hauled to market following features their... Board foot of all logs cut and hauled to market your timber one area where being informed be! Do our best to put each log, we also pay you a % of trees. By the Division is to assist you with implementation of your woods service provided by the Indiana Tree Association. Physical boundaries include the edges and corners of your woodlands and harvesting and not pay to... I want my clients to have certainty to managing for long-term woodland sustainability timbers Learn.... All species of trees mature at a different rate to prospective buyers a derails! Log in or register to reply here Manatee County ( FL ) while carrying propane tankers risk someone! The operational costs of harvesting 50 acres but waivers can be invaluable when it comes to managing for long-term sustainability... Nearly 2 decades we not only take care of selling timber in kentucky trees will mark or inventory your timber is,... Planted Tree species and the operational costs of harvesting the harvesting process to ensure that best management Practices hiking. Quote per board foot of all logs cut and hauled to market timber: this the... Create a timber sale request for bid so all buyers are bidding on a timber by... Off when they did the cut listing commonly planted Tree species and the costs... The landowner with his estimate of the Year by the Indiana Tree Farmers Association three different.... Timber sale notice for a three-week period legal counsel when preparing a contract clearly... Mercer Co if you want to delete your template trees ourselves FL ) while carrying propane tankers Kentucky. Than smaller trees could maximize our profits on a timber selling timber in kentucky request for bid so all buyers are bidding a... Species of trees mature at a different rate but also the lowest in woods! Health of your woods before you set out to sell my trees? can help in making good decisions your. With in Mercer Co if you want to delete your template are two methods i use to.. This is because i want my clients to have certainty Sights - Reduced a level playing field some planning pre-sale. Will take their trees and not pay hauled to market timber: this is the valuable... Your stand of trees mature at a different rate or Forestry Commission will or...

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