selling timber in kentucky22 Apr selling timber in kentucky
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. How to Host a Continuing Education Program. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? 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. Logs (lumber and veneer) 40-80 yrs. 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. 279 Shaw Station Road Leitchfield, KY 42754. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? Read this first. When to claim depletion. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. Are the prices favorable? 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. Youll need to set some boundaries before you set out to sell. 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. The cost for this service is $10per 1,000 board feet. Call 317-445-2651 . Once your timber is marked, you need to prepare a bid for advertised timber contract. In most cases, diameter cutting is just another way of high-grading timber. sweetgum). Private and public foresters provide different services. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Lexington, KY 40546-0091 Logs 40-80 yrs. . Logs (lumber and veneer) 40-80 yrs. This contract will spell out the details of the timber sale. Megamenu; Timber Prices. 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. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. 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. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. Sell your timber by bids. So when you sell timber, give Tri-State Timber a call. The purpose of marking is to improve the quality of the stand of timber for the future. 2. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. . Extension / Hi Aaron: Demand of hickory has improved over the last year. 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. black cherry) are worth more than others (i.e. They love a "select" cut which they take all the good and leave all the bad. South Central Kentucky Don't let them skin you! 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. 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. Have you taken steps to minimize death taxes? Buyers of Standing Timber and Veneer Logs. Often, the larger the sale, the higher the price per unit of wood that can be offered. Click here for the 2022 Tax Tips for Forest Landowners.. We are a reputable company that will take care of your wood. Philanthropy & Alumni How Do I Choose a Quality Logger? Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. College Partners Directory. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. I recently had a logger survey my farm. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. Do you want the loggers to follow certain rules? Why Sell Timber? Create a contract and monitor the sale to resolve issues that may arise. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Cutting and Selling Your Own Logs. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. LOG LENGTH: 8'8" & 17'6". 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. Click here for the 2022 Tax Tips for Forest Landowners. Timber Evaluations and Price Proposals are free. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. 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. These two sale approaches probably account for well over half of the timber sold in Kentucky. Conduct an inventory of the trees for sale by species, number, quality and volume. Maybe you are considering a sale of your property, and want to know the timbers. ultimately responsible for water quality protection on their land. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. $0.00. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Are there special places in your woods that you dont want disturbed? We are also well positioned to serve . Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Example 4. 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). You obviously had a good mixed understory ready to take off when they did the cut. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. Nuts 12+ yrs. The decision to harvest may be recommended in a management plan or it may be unexpected. 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. Pulpwood* 15-25 yrs. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com There are many steps to take and things to learn for successfully cutting and selling your own logs. 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. 2. Departments & Units / There are two methods of selling timber. 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. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Have you received ice or other storm damage to your woodlands? The forest is a complex natural system. Kraig Moore, ACF According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. 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. 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. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? Christmas trees 7-10 yrs. HOME; About Us; Digital Media Library, College of Agriculture, Food and Environment. Seek the advice of a professional forester. Research / tweet share email. The physical boundaries include the edges and corners of your woods. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Estate Planning for Forest Landowners: What Will Become of My Timberland. We grade and seed damage to the land. Your timber will be on the market for approximately 30 days. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. best). This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. This service is limited to 50 acres but waivers can be obtained for larger acreage. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Oak regeneration is tough without maple grows to fast for oak to keep up with unless there is an established oak understory with well developed roots ready to take off when the canopy is taken. Figure out what restrictions you need to protect the health of your woods before you proceed. Log the timber by team or machinery & saw the logs into lumber or railroad ties. I do not charge for our initial meeting. Remember this key requirement: in order for a timber buyer to be interested in purchasing a yard tree(s), the tree or trees must have value with sufficient volume to exceed the purchase cost. Contacted by the Division of Enforcement? Departments & Units / It may be advisable to obtain legal counsel when preparing a contract. Do you want them to use existing roads or build new ones? This frequent question does not have a simple answer. 2022 Nature's Choice, LLC | Amish Business. 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. Price per acre of hunting land in Kentucky averages $1,600. Posts 25-35 yrs. 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. How Do I Determine What Trees to Cut? The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Steps to Marketing Timber. 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 much is a mature oak tree worth? Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?" High-quality hickory logs are certainly on-par with red oak speciessome instances more . There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. kraig@kentuckylandandtimber.com Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Most people who contact me are looking into this service to make an informed decision. Consider your goals in selling timber on your land. In this blog post, we will discuss how to tell what your . DIAMETER: 9" Minimum 30" maximum on Butt End. Logs (lumber and veneer) 40-80 yrs. Ohio Timber Prices Our Guarantee Our services will provide you with the maximum price for your timber and will guarantee that your forest and land interests are protected. Logs (lumber, boxes) 40-70 yrs. pertaining to the timber sale and the protection of property in the contract. Likewise, larger trees will be worth more than smaller trees. Below we talk about how to answer these questions. Will sharing that income with our children serve to enrich and motivate them? Additionally, we . There are several steps you should follow before selling your timber. Learn more . Are you building roads or fixing drainage problems? They can also provide guidance for establishing planting areas. Selling cut products Provide samples of timber sales contracts and bids. 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. 1609 Harmony Way 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. Logs 40-60 yrs. Research / This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . 2022 Commonwealth of Kentucky. Once the volumes have been determined, Learn more . An important consideration in choosing a tree species for planting is the amount of time required to produce a desired product and the possibility of secondary product production from intermediate cuttings or thinning. 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. 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. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. *Prices shown are based on per ton stumpage price. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. 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. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Department of Natural Resources and Environmental Sciences. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Selling white oak trees and veneer is a very important process when selling timber. 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. I will mark or inventory your timber in preparation for a sale. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. . We pay one half the value upon the agreement to sell and the other half before the first tree is cut. 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. Then you may qualify for a reforestation tax credit. Your file is uploaded and ready to be published. Learn more about your timber sale contract here. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Are timber sales good for turkey hunting? The query tool uses dropdown menus to make choices. The contract protects you. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Posts 20-30 yrs. This type of timber sale is referred to as selling stumpage. The time to think about a timber sale is years in advance of the actual timber sale. Any thoughts? If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . The contract price was $15,000. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. The data also show there are differences with respect to the species that are being harvested. We begin by meeting to view your timberland. Sell your timber by bids. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. 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. There are two methods I use to market timber: This is the most valuable service to landowners. 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. Logs (lumber and veneer) 40-60 yrs. 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. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. We are insured and Licensed Master Loggers in the State of Kentucky. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. 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. Delivered Wood Price Benchmarks; . Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. 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). Logs 40-80 yrs. best). "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. How much is my timber worth? 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. 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. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Tips for Selling Your Timber - Kentucky Division of Forestry. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. Maybe you are considering a sale of your property, and want to know the timbers learn more . I retire to the species that are being harvested know that selling can be a difference... I retire to the timber sale is referred to as selling stumpage view. 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