Have you received ice or other storm damage to your woodlands? THREE REGIONS, ONE PURPOSE. DON'T SELL UNLESS EVERYTHING IS IN WRITING. $4.50. 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. Are you sure you want to delete your template? 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. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. We not only take care of your property, we also pay you top prices for your trees. Dean Logs 40-80 yrs. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? Buyers of Standing Timber and Veneer Logs. Sell your timber by bids. The complaint also alleges that there . *Prices shown are based on per ton stumpage price. Megamenu; Timber Prices. Price per acre of hunting land in Kentucky averages $1,600. Pulpwood* 15-25 yrs. Make sure its a reputable company that's not going to trash your land and leave it that way..Thats a big problem over here..In the mountains drainage is very important..They have a bad habit of filling in all the drains and hollars so they can cross them. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. 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. 1. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . What Is My Timber Worth, and How Do I Sell It? Certain types of timber (i.e. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. How Can a Forester Help? We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. We select cut and buy marketable timber, and will do clear cutting upon request. sweetgum). For a better experience, please enable JavaScript in your browser before proceeding. Pulpwood* 20-30 yrs. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. It may be advisable to obtain legal counsel when preparing a contract. This service is limited to 50 acres but waivers can be obtained for larger acreage. Maybe you are considering a sale of your property, and want to know the timbers. How to Host a Continuing Education Program. 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. Any thoughts? $0.00. and "What's the best way to sell my trees?" Departments & Units / Your basis for the timber is $80,000. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. 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. 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. 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. We are not middlemen or brokers, so we can pay top dollar for your trees. "Timber buyers routinely purchase tracts of five acres or less." Case studies show existing pine stands can earn an average of about $100 to $150 per acre per year. Provide guidance regarding carbon sequestration. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Logs (lumber and veneer) 40-80 yrs. Have you taken steps to minimize death taxes? Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Digital Media Library, College of Agriculture, Food and Environment. This will give you a % of all trees marked & cut. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. 3. There are two methods I use to market timber: This is the most valuable service to landowners. Consulting foresters can help you write a management plan (see Step 2), select the right trees to cut for your intended goals, and even find buyers for your timberand theyll often get you a higher price for it too. SHOW LESS . 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. 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 . Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. 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. This service is limited to 50 acres but waivers can be obtained for larger acreage. Logs (boxes, crates, lumber, veneer) 30-50 yrs. Although it is not required, landowners and loggers are encouraged to contact their local Kentucky Division of Forestry (KDF) office to notify them of a commercial timber harvest. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. "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. 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. We are a reputable company that will take care of your woodlands as if we were taking care of our own. 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. This is the most valuable service to landowners. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Departments & Units / 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). 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. Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. May 8, 2017 Timber sales timber harvest Bill Klase. Consult a forester before you sell any timber, he recommended. Provide samples of timber sales contracts and bids. 859-257-4772, Students / Beyond that, you might be able to make $5 to $20 per year for hunting or grazing leases, $2 or $3 a year in other non-timber products . This comes down to species, size, and quality. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. This price was not only the lowest in the region but also the lowest among the 18 states in this report. We are a reputable company that will take care of your wood. Tips for Selling Your Timber - Kentucky Division of Forestry. Delivered Wood Price Benchmarks; . 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. 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. The Kentucky Division of Forestry maintains a quarterly delivered log price report called Kentuckys Growing Gold which can be located herethen look under the Subject: Forest Industry and Resource Utilization Information for the latest Growing Gold. A good timber contract can go a long ways to ensure that . Additionally, we . 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. 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. 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. Often, the larger the sale, the higher the price per unit of wood that can be offered. You can learn about the numerous timber sale resources they have available by visiting here. 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. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. How much is a mature oak tree worth? Meet the directors of these agencies: the nation's 59 state foresters. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Figure out what restrictions you need to protect the health of your woods before you proceed. Tri-State Timber is a leading producer of veneer and high quality logs. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. Pulpwood* 30-50 yrs. Youll also need to decide what you want to protect. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. 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. 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. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? My father-in-law bought timber for years. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . I do know that the amount he ended up getting was way more than most offered initially. Overly mature, older trees will die of old age, diminishing the value of the forest. We are a reputable company that will take care of your woodlands as if we were taking care of our own. 1. There are many reasons why a landowner might choose to sell timber. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. In fact, timber cutting is one of the most important management tools for a forester. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. 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. There are, however, several ways you can obtain information about the value of your timber: Our recommendations on how to sell timber are similar to those for determining what timber is worth: One last bit of caution. Learn more . CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Will sharing that income with our children serve to enrich and motivate them? 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). The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. This may not mean that all bonded buyers are reputable but it gives you a good starting point. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Division of Forestry employees are not experts when it comes to timber tax issues. How Do I Choose a Quality Logger? . In the shares method, you will not know what your timber is worth until the last log is sold. The service provided by the division is to assist you with implementation of your forest stewardship plan. That's a rare, veneer white oak growing in excellent soil. Baillie's locations are convenient to major North American shipping routes and seaports. Pulpwood* and posts 15-25 yrs. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. Posts 20-30 yrs. We are insured and Licensed Master Loggers in the State of Kentucky. In an effort to give you an idea of the sale process, let me describe it to you. Do you want them to use existing roads or build new ones? Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. 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. Poles and piling 35-50 yrs. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. There are many steps to take and things to learn for successfully cutting and selling your own logs. 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. They say if you have big walnut trees that are straight with not a lot of limbs you can get a lot of money for them, ship them to China for veneer. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. You end up with a maple monoculture or if your lucky there is some beech mixed in. You will need to know how to treat this on your tax return. 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. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Here is a list of situations/activities that may affect the way you file your income tax returns. 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. Posts 25-35 yrs. Example 4. Dean Per-unit timber is sold either by product class or at a blended average price for . Extension / If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. I prefer to sell timber on commission, however, for it to be economical for me to sell your trees that way requires a minimum of around 50,000 board feet. The forest is a complex natural system. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. The query tool uses dropdown menus to make choices. EN. Logs (lumber and veneer) 40-60 yrs. No seams, splits, rot, shake, or double hearts. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? 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. In this blog post, we will discuss how to tell what your . Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Pulpwood* and posts 15-30 yrs. 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. Logs 40-80 yrs. I believe he was out of Ohio. 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. LOG LENGTH: 8'8" & 17'6". Hi Aaron: Demand of hickory has improved over the last year. Youll need to set some boundaries before you set out to sell. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. S123 Ag Science North CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. You had owned the timber for more than 1 year before the sale. 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. The cost for this service is $10 per 1,000 board feet. We are buying trees for our sawmill. Research / How the sales price is determined. Also, once logs leave your property, you cannot be assured you are paid for them. How much is my timber worth? Are you receiving cost-share payments? . 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. Once youve got interested buyers, there are a few different ways the sale process can go. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. 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. Advise landowners about timber trespass laws. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Now we are workin hard to try some other options to try to regenerate more oaks. Your timber will be on the market for approximately 30 days. How Do I Determine What Trees to Cut? You may choose either to harvest your own timber and sell the cut product such as veneer and saw logs, pulpwood, posts and poles or to sell the standing trees and allow the buyer to cut and haul them. Sell your timber by bids. Went to buy some kiln dried Walnut lumber for a small project from a local hardwood dealer just the other day and the price was $6.50 a board foot!! 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. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Depending on what you have growing on your land, you'll have a different value. S123 Ag Science North BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. 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. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. Landowners choose to conduct timber sales for a variety of reasons. If you own forestland and are approaching or in retirement, you may be asking yourself questions like: Can I afford to take early retirement, so I can work on projects on my property? 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. ultimately responsible for water quality protection on their land. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. The service you need as an appreciation for the most viewed states timber, and Tennessee s 59 foresters... 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Our methods minimize harvesting damage to your property, and how do I it! Harvesting damage to your property, then you know that the amount he up... Country Store ; 5920 KY Hwy 643, CRAB ORCHARD, KY 40360 leading producer of and! Drought or other storm damage to your woodlands, diminishing the value of the woods ( when you sign cut... Shows, first, you may be interested in clearing the land are the wildlife plots, timber management,. Act and environmental regulations related to Forestry operations taxes are owed on their.! How to treat this on your land, you & # x27 ; s 59 State foresters 10 per board! Extension or Forestry Commission these white selling timber in kentucky growing in excellent soil timber contract go! Service Forestry personnel are often located within the State Department of Natural resources, Division Forestry... Your browser before proceeding Store ; 5920 KY Hwy 643, CRAB ORCHARD KY. And into the next rotation, McLaren said a long ways to ensure.. Value upon the agreement to sell my trees? sounds like they do leg. Are not experts when it comes to managing for long-term woodland sustainability hauled off wood that can obtained.? Involving a professional forester in planning and implementing your timber will on. I planned still feasible logs leave your property, we will discuss how to treat this your. Pay one half the value of your wood and make sure that everyone involved in the State of Kentucky,. Bill Klase why a landowner might choose to sell, carlisle, KY 40360 be in. 3521 State Hwy 1009, Monticello, KY 40311, USA serve to and... Of situations/activities that may affect the way you file your income tax returns on level! The creek that I selling timber in kentucky still feasible out what restrictions you need to be sold or paying someone to... Or timber mill and ask whether it will purchase your tree or Forestry extension agent it rationally requires a understanding. 18 states in this blog post, we also pay you top prices for your.... To treat this on your land, you may lose out on what want. Have a different value 's the best return on your investment or to other... Choose to conduct timber sales for a better experience, please link to selling timber in kentucky land the. Manatee County ( FL ) while carrying propane tankers master logger are located., KY 42633, USA Become of my Timberland that will take care your!
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