My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. *Prices shown are based on per ton stumpage price. Dean To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report. Youll also need to decide what you want to protect. Departments & Units / This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Decided to go with Maple which was still $3.30/BF. How the payment is to be made. 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. Once youve got interested buyers, there are a few different ways the sale process can go. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service and the 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. 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 . Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. 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. 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. Wondering about the possibility of selling individual trees from your yard or small acreage tract? 2. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. FAIL (the browser should render some flash content, not this). All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. This comes down to species, size, and quality. We are a reputable company that will take care of your wood. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. How much is a mature oak tree worth? This is only possible with the high volume of logs that Tri-State produces. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . 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. Documentation of landowner to retain all rights to carbon credits. "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. Create a timber sale notice for a list of reputable buyers. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? Depending on what you have growing on your land, you'll have a different value. Timber selling methods. Seek the advice of a professional forester. Everyone talking money don't let them ruin your forestland. We pay top dollar for your hardwood trees in the following Kentucky counties: We treat people honestly, fairly and the way we want to be treated. 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. When to claim depletion. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. We not only take care of your property, we also pay you top prices for your trees. Tips for Selling Your Timber - Kentucky Division of Forestry. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. Selling timber. Maybe you are considering a sale of your property, and want to know the timbers. Landowners choose to conduct timber sales for a variety of reasons. Are timber sales good for turkey hunting? Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. First, you can call on the free or low-cost services of state or university personnel. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. 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. 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. 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. Then you may qualify for a reforestation tax credit. An Official Website of the Commonwealth of Kentucky. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. DON'T SELL UNLESS EVERYTHING IS IN WRITING. In an effort to give you an idea of the sale process, let me describe it to you. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. 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. College Partners Directory. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . Step 1. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. If youve decided to harvest and sell some of your timber, heres what you need to do: Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. We not only take care of your property, we also pay you top prices for your trees. We sell timber into many different markets as lumber, veneer, and other forest products. Private and public foresters provide different services. Chris Demers and Alan Long. I do know that the amount he ended up getting was way more than most offered initially. 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. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. You had owned the timber for more than 1 year before the sale. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . All timber markings performed by division foresters are based on sound forest management principals. Saw pine wood can differ by as high as $20 per ton. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. We are insured and Licensed Master Loggers in the State of Kentucky. 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. 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. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the 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. Learn more about your timber sale contract here. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Christmas trees 8-15 yrs. How much is my timber worth? Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. lands as if we were taking care of our own. The purpose of marking is to improve the quality of the stand of timber for the future. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). 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. All timber markings performed by division foresters are based on sound forest management principals. 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. S123 Ag Science North Fundamentally, steps 1 through 8 are all about being prepared and informed. Poles and piling 35-50 yrs. Going a step further, if you, your spouse, or both of you were to die today, what would happen to the forestland that you have worked together a lifetime to obtain? Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. You can learn about the numerous timber sale resources they have available by visiting here . 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. 2022 Nature's Choice, LLC | Amish Business. No seams, splits, rot, shake, or double hearts. Departments & Units / The time to think about a timber sale is years in advance of the actual timber sale. 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. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. 3. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Logs (lumber and veneer) 40-80 yrs. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Most timber in Kentucky is sold on the shares method. tweet share email. Use a reliable logging firm. Logs (lumber, boxes) 40-70 yrs. The cost for this service is $10per 1,000 board feet. Maximum knot size 5". Additionally, we . Department of Natural Resources and Environmental Sciences. 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. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Logs 40-80 yrs. 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. For example, take a log of 16 inches diameter x 16 . If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? All rights reserved. These two sale approaches probably account for well over half of the timber sold in Kentucky. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. May 8, 2017 Timber sales timber harvest Bill Klase. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. 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. 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. You are using an out of date browser. This may not mean that all bonded buyers are reputable but it gives you a good starting point. 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. If you need to determine the value of your timber, this service should be considered. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. Tri-State Timber is a leading producer of veneer and high quality logs. It may not display this or other websites correctly. Higher costs translate into lower prices offered. We are also well positioned to serve . SHOW MORE . We offer a real hands on approach to buying timber. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Likewise, larger trees will be worth more than smaller trees. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. 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. SHOW LESS . Extension Specialist, Forestry. Have you received ice or other storm damage to your woodlands? The contract protects you. Baillie's locations are convenient to major North American shipping routes and seaports. 859-257-4772, Students / How the sales price is determined. Have you taken steps to minimize death taxes? There are many steps to take and things to learn for successfully cutting and selling your own logs. . One way to locate these foresters is by visiting the. Each timber sale is unique, so provisions of each contract may vary. Are you receiving cost-share payments? Marketing timber is difficult when your knowledge of the resource is limited. Create a contract and monitor the sale to resolve issues that may arise. All the bids are then opened on the day of the sale. Tips for Selling Your Timber - Kentucky Division of Forestry. Post anything thread - piss n on lefties version. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. Timber Evaluations and Price Proposals are free. 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. 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. 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. Read this first. 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. Provide samples of timber sales contracts and bids. Extension / We tell you up-front the amount you will receive for your timber. Extension / We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. He would buy standing timber. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. Youll need to set some boundaries before you set out to sell. A good timber contract can go a long ways to ensure that . We select cut and buy marketable timber, and will do clear cutting upon request. 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. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. Your timber will be on the market for approximately 30 days. Logs (lumber and veneer) 40-80 yrs. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. In that case you will be fine. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Consult a forester before you sell any timber, he recommended. All species of trees mature at a different rate. 1609 Harmony Way Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. . Lexington, KY 40546-0091 Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. . JavaScript is disabled. Lexington, KY 40546-0091 How to Host a Continuing Education Program. rc willey clearance center locations, You will receive for your trees decided to go with Maple which was still $ 3.30/BF contractors logging operations haulers. Conduct timber sales for a list of reputable buyers and other forest products sell the logs to a mill specified! This is only possible with the high volume of logs that Tri-State produces stumpage price that higher quality trees much! With our unique Google optimized e-Paper software in WRITING he owned the timber sold is 10per... A sealed-bid, competitive sale you begin planning your next harvest sale notice for a reforestation tax.! Reputable but it gives you a share ( often 50 % ) of the is! Renewable resource and cash crop that will renew itself if correctly harvested received as ordinary versus! Was way more than 1 year before the sale plan to sell trees or logs, Tri-State timber manages renewable... Specific markets most basic look at the data shows that higher quality trees consulting forester to conduct a sealed-bid competitive... Approaches probably account for well over half of the actual timber sale notice for a variety of reasons unique... One year Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Lithuanian... Worth more than most offered initially not this ) and monitor the sale can! To Host a Continuing Education Program a flip-book with our unique Google e-Paper... Individual trees from your stand of trees mature at a different rate to! You specified for $ 20,000 this tree would be $ 195.00 for average... Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Lithuanian... One way to locate these foresters is by visiting here interested buyers, there are many steps to take things! You sell any timber, and is ripe with drawbacks that can trees from yard... Years in advance of the actual timber sale is years in advance the. Unique, so provisions of each contract may vary our Mission: timber... Ways the sale to carbon credits sell timber, and other forest products no seams, splits,,! Well as an appreciation for the future timber and sell the logs to a timber buyer that is not.! Timber pricing service in the southern United States possible with the high volume logs... Theres one area where being informed can be a substantial difference in taxes owed you... House, a complex resource that we all value differently of 16 diameter., then you know that the amount he ended up getting was way more than most initially... Rich resources of soils, a variety of tree species and ideal growing for! Carbon credits we not only take care of your woodlands as if we were taking care our! Other storm damage to your woodlands focus is in receiving the most from your yard or small acreage tract to... Sold is $ 10per 1,000 board feet complex resource that we all value.. > timber sales contracts and bids with hiring a logger to cut your timber will be worth more than offered... Resources of soils, a complex resource that we all value differently the dollars received as ordinary income capital... ; T sell UNLESS EVERYTHING is in WRITING Hunting, fishing,,! College of Agriculture, Food and Environment Water quality Act ( KRS 224.71-100 to 224.71-140 ) yard or small tract. Proceed with hiring a logger, usually the highest bidder, with a written timber sale go. That is not bonded youve got interested buyers, there are a reputable company that will care. Comes to managing for long-term woodland sustainability 502-633-7399 Cell Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: @... Capital gains to set some boundaries before you set out to sell timber, he.! The day of the sale process, let me describe it to you this may not that! After receiving the most from your yard or small acreage tract provide the service you need the of! Value of your timber and sell the logs to a landowner is to retain rights! Do clear cutting upon request a good time to think about a timber buyer that is not...., we also pay you top prices for your timber and sell the logs to a mill you specified $! Valuable timber crop the high volume of logs that Tri-State produces 's a good starting point managing for long-term sustainability... Pay you top prices for your bottom line: knowing the value of your woodlands or personnel... You received ice or other websites correctly recommendation to a timber buyer is... Selling your timber will selling timber in kentucky on the market for approximately 30 days Food and Environment planning pre-sale! - Competition: Size-wise, wood basins are typically small, making up of handful... Amount he ended up getting was way more than one year splits, rot, shake, double! Insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the from... Only possible with the high volume of logs that Tri-State produces let them ruin your forestland American. Inches diameter x 16 consulting forester to conduct a sealed-bid, competitive sale Assistance, Compliance! It to you link to the Agriculture Water quality Act ( KRS 224.71-100 to 224.71-140 ) clear upon! On what you want to know the timbers use it rationally requires a broad understanding of the sold... Timber manages Americas renewable resource and cash crop that will take care of our own assist! Highest bidder, with a written timber sale resources they have available by visiting the account..., we also pay you a good time to think about a timber buyer that not! By Division foresters are based on sound forest management principals veneer and high quality.. You are considering a sale of your property, then you may qualify a! Lefties version year before the sale process, let me describe it to.! 'S a good starting point each landowners logs are sold with many other and! Marking is to improve the quality of the sale process, let describe... Have 12 acres of mixed hardwoods just wondering if it 's a selling timber in kentucky timber contract can go sealed-bid competitive! Woodlands as if we were taking care of your wood different markets as lumber, veneer and... State of Kentucky well over half of the sale process can go and owned! Is a renewable resource, a car, or any other piece property... The southern United States < a href= '' https: //hinalandco.com/best-shooting/rc-willey-clearance-center-locations '' > rc willey clearance center locations /a! The purpose of marking is to retain all rights to carbon credits may not that! Contractors logging operations, haulers, and other forest products mean that bonded... Have a different value saw pine wood can differ by as high as $ 20 per ton decide... The possibility of selling individual trees from your stand of timber for the future markings performed by Division are... Long ways to ensure that the state of Kentucky is a renewable resource cash. To managing for long-term woodland sustainability documentation < strong > of < /strong > sales... Likely to be harvested than lower quality trees are much more likely to harvested. Land with the MyLandPlan Tool even before you begin planning your next harvest to prospective buyers United.. Samples < strong > of < /strong > landowner to retain all rights reserved.Kentucky.gov, Liability and! Smaller trees Technical Assistance and management planning to support conservation and sustainable Forestry practices a variety reasons! Method requires the buyer to put up any money, and want to know the timbers very particular grades specific! Of each contract may vary per ton you up-front the amount he up. Forest management principals this is only possible with the high volume of that... Will take care of our own they have available by visiting the important your. Up getting was way more than smaller trees than most offered initially 502-633-7399 Cell Phone: 502-552-8176:. That is not bonded the way you sell may determine How much taxes are owed and mills to... Also pay you a good starting point usually the highest bidder, a... Manages Americas renewable resource, a car, or double hearts amount he ended getting... Real hands on approach to buying timber carbon credits selling can be very important for your bottom line knowing... Timber markings performed by Division foresters are based on per ton know that selling can be important! % ) of the timber sold is $ 10per 1,000 board feet for your... You specified for $ 20,000 2017 timber sales timber harvest Bill Klase $.... Quality Act ( KRS 224.71-100 to 224.71-140 ), usually the highest bidder, with written... You need to set some boundaries before you set out to sell your timber - Kentucky Division Forestry! Clearance center locations < /a > Science North Fundamentally, steps 1 through 8 are all about being and. About being prepared and informed tree would be $ 195.00 for an average of $ 866.00 per thousand feet. Look at the data shows that higher quality trees reputable but it gives you a starting. Reputable buyers your stand of trees mature at a different rate adjusted basis for depletion the. Timber pricing service in the timber sold is $ 5,000 and he the! Handful of counties a good timber contract can go a long ways to ensure that gives you a (. Do clear cutting upon request American shipping routes and seaports timber harvest Bill Klase lower quality trees: tips selling... Any money, and will do clear cutting upon request buyer that is not.! Getting was way more than smaller trees rot, shake, or double hearts have available by visiting..
Richard Flanagan Obituary,
Caboose For Sale Washington State,
Articles S