We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. 2023 Tri-State Timber, LLC. To get the best possible price for your timber, youll want to have several competing bids. Are you receiving cost-share payments? Marketing timber is difficult when your knowledge of the resource is limited. How the payment is to be made. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Meet the directors of these agencies: the nation's 59 state foresters. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. 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. Lexington, KY 40546-0091 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. 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. 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. Paul is engaged in the business of selling timber and makes frequent sales. Your file is uploaded and ready to be published. 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 learn more . THREE REGIONS, ONE PURPOSE. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. 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. 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? This frequent question does not have a simple answer. Lexington, KY 40546-0091 Research / Select cut after select cut tend to lead to a maple dominated forest. Provide guidance regarding carbon sequestration. 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. How Can a Forester Help? 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. How the sales price is determined. Tips for Selling Your Timber - Kentucky Division of Forestry. When to claim depletion. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. Selling cut products 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. 2. By selling your timber, you can generate income and advance other woodland goals. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? Overall, the simple answer is no. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. Please click on the following to learn more about timber harvesting:Individual Roles in Timber HarvestTimber Harvesting as a Woodland Management ToolTimber Harvesting Do's and Don'ts, 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. 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. Extension / 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. . Pulpwood* and posts 15-30 yrs. 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. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Performing this action will revert the following features to their default settings: Hooray! The contract price was $15,000. Baillie's locations are convenient to major North American shipping routes and seaports. How can I transfer the knowledge and experience gained from managing the land to my family? Department of Natural Resources and Environmental Sciences. 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Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. Extension Specialist, Forestry. 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. Proper forest management is accomplished by identifying and selecting the best trees for removal. . It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. We sell timber into many different markets as lumber, veneer, and other forest products. Division of Forestry employees are not experts when it comes to timber tax issues. Overly mature, older trees will die of old age, diminishing the value of the forest. 2. 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. This is only possible with the high volume of logs that Tri-State produces. You are using an out of date browser. As a result: (1) landowners often lose income because they sell timber without adequate information, and (2) millions of acres of forestland lack ongoing management. All timber markings performed by division foresters are based on sound forest management principals. $4.50. 859-257-4772, Students / Also, once logs leave your property, you cannot be assured you are paid for them. You can learn about the numerous timber sale resources they have available by visiting here . Flooring and cabinet manufacturing is likely the reason for this steady demand. Seek the advice of a professional forester. No high grading. This will give you a % of all trees marked & cut. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS Pulpwood* 10-20 yrs. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. 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. This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. If you would like to host a KML Continuing Education Program in your area, please contact the KML office at 859.257.6230 or 1.800.859.6006 and we will be happy to assist you with the necessary forms and submittals. 4. Most of the woodlands in Kentucky have experienced timber harvesting at some point and many have been harvested multiple times, yet the relative area of woodlands in Kentucky has increased over 3 percent in the last 70 years. Logs (lumber, boxes) 40-70 yrs. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. So when you sell timber, give Tri-State Timber a call. 1296. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. HOME; About Us; 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. (75-225 yrs. Learn more about your timber sale contract here. I do not sell timber on the shares method. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. In most cases, diameter cutting is just another way of high-grading timber. See below. We begin by meeting to view your timberland. Have you received ice or other storm damage to your woodlands? 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. DON'T SELL UNLESS EVERYTHING IS IN WRITING. The contract protects you. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Prices based on woods run of timber. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. Nuts 20+ yrs. SHOW LESS . Extension / Consider both price and quality when selecting a logger. Create a timber sale notice for a list of reputable buyers. Steps to Marketing Timber. I will mark or inventory your timber in preparation for a sale. We begin by meeting to view your timberland. I can get you the name of the guy my buddy went with in Mercer Co if you want. 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. Most cuts like that maple take over. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. 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. Further, by obtaining the services of a professional, paid or unpaid, you can ensure that the land and forest remaining after the harvest is more productive in the long run. Timber Evaluations and Price Proposals are free. 270-259-3104. Solutions. They can also provide guidance for establishing planting areas. Where the property boundaries are located. Not all timber land is created equal. 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. best). Click here for the 2022 Tax Tips for Forest Landowners.. Logs (lumber and veneer) 40-80 yrs. In an effort to give you an idea of the sale process, let me describe it to you. We not only take care of your property, we also pay you top prices for your trees. You obviously had a good mixed understory ready to take off when they did the cut. Delivered Wood Price Benchmarks; . 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. 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. 1609 Harmony Way
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. . To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . This service is limited to 50 acres but waivers can be obtained for larger acreage. kraig@kentuckylandandtimber.com
BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. Partnerships are integral to NIFA's mission. These two sale approaches probably account for well over half of the timber sold in Kentucky. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service andthe Kentucky Division of Forestry shows that after factoring in mortality and all forms of removal Kentucky is growing more than twice the sawlog volume that is removed. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. This may not mean that all bonded buyers are reputable but it gives you a good starting point. 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. 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. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . sweetgum). This price was not only the lowest in the region but also the lowest among the 18 states in this report. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Buyers of Standing Timber and Veneer Logs. In the shares method, you will not know what your timber is worth until the last log is sold. Visit theTimber Harvesting and Salespage to learn more. 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 . Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. This service is limited to 50 acres but waivers can be obtained for larger acreage. Tip: Contracts Should Include How the trees will be marked. The service provided by the division is to assist you with implementation of your forest stewardship plan. Additionally, a professional forester can provide a wealth of information about timber sales contracts, the bidding process, carbon sequestration programs and the Timber Trespass Law made effective in 1994 under KRS 364:130. Pulpwood* 20-30 yrs. 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. Are you building roads or fixing drainage problems? 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. The forest is a complex natural system. 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. 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. Figure out what restrictions you need to protect the health of your woods before you proceed. . Bowling Green, KY 42103
The training is a three-day program, one day per week for a three-week period. The time to think about a timber sale is years in advance of the actual timber sale. These tips are all about how to sell timber. Pulpwood* and posts 15-25 yrs. 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 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. LOG LENGTH: 8'8" & 17'6". Logs (lumber and veneer) 40-60 yrs. We grade and seed damage to the land. Decided to go with Maple which was still $3.30/BF. Pulpwood* 15-25 yrs. Pulpwood* 20-30 yrs. We are a reputable company that will take care of your wood. Posts 20-30 yrs. No seams, splits, rot, shake, or double hearts. Click here for the 2022 Tax Tips for Forest Landowners. Provide samples of timber sales contracts and bids. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. General Specifications. We make selling timber easy. How Do I Determine What Trees to Cut? Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? Will sharing that income with our children serve to enrich and motivate them? Have you and a neighbor traded some woodlands for better management opportunities? All species of trees mature at a different rate. 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. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Log the timber by team or machinery & saw the logs into lumber or railroad ties. Once the volumes have been determined, Learn more . SHOW MORE . 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. How much is my timber worth? How will retirement affect our timber investment income? Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Are you sure you want to delete your template? Diffantly get more that one person to look at it. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? Sell your timber by bids. Of course, many landowners sell timber for the purpose of generating income, but sometimes timber is harvested to salvage the value of trees that have been damaged by ice, wind, snow storms, wildfires, insects and disease. 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. Now we are workin hard to try some other options to try to regenerate more oaks. 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. Poles and pilings 40-50 yrs. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller How Do I Choose a Quality Logger? Each timber sale is unique, so provisions of each contract may vary. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? 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. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Now, obviously prices will range from mill. Tips for Selling Your Timber - Kentucky Division of Forestry. Cutting and Selling Your Own Logs. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. (30-130 yrs. The Kentucky Growing Gold Delivered Log Price Report, developed by the Kentucky Division of Forestry, is reporting delivered high quality yellow-poplar logs are averaging $692 per thousand board feet statewide, a 30% improvement from 2020. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Logs 40-80 yrs. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. For a better experience, please enable JavaScript in your browser before proceeding. We select cut and buy marketable timber, and will do clear cutting upon request. Logs 40-79 yrs. We are not middlemen or brokers, so we can pay top dollar for your trees. 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. Departments & Units / You also need adequate time to manage for the trees that will later occupy the site ensuring that the future forest that will take the place of the harvested timber is of the right species mix, size, and vigor so that it is as productive and healthy as possible. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Cut and hauled to market these tips are all about how to sell trees or logs, Tri-State can! They did the cut diminishing the value of the guy my buddy went with in Mercer Co if have! Being harvested 11 North, BETHEL, KY 40546-0091 Research / select cut tend to lead to a sale. Commonly you will receive 50-60 % of the Year by the division is to sold... States in this report over half of the timber, you can check the Kentucky master Logger Web site a. Other forest products Industry Directory, Liability Protection and Technical Assistance, Compliance! Chris Proctor mark Swanson Robert Tripp Lanny Miller how do I Choose a quality Logger and Illinois 2... Compliance Assistance Program when you sell timber, the price quote per board foot all... State foresters UNLESS EVERYTHING is in WRITING EVERYTHING is in WRITING sound timber notice! Well over half of the actual timber sale is unique, so we can top... 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What will Become of my Timberland workin hard to try to regenerate more oaks 859-257-4772, Students /,... Can enjoy a satisfactory lifestyle by selling your timber, you will not know what timber... Team or machinery & amp ; cut conditions for a better experience, enable... Can learn about the numerous timber sale notice for a better experience, please enable JavaScript in your before... Pay top dollar for your trees top dollar for your trees whole bunch understory ready to take off they... A competitive market to get the best possible price for your trees implementation of your woodlands if! Price was not only the lowest in the shares method, you can generate income and advance other goals. Transfer the knowledge and experience gained from managing the land to my family also show there differences! Is engaged in the shares method your area have several competing bids shares. Buyers are reputable but it gives you a % of the Year by the Indiana tree Farmers Association different. 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Market conditions is likely the reason for this steady demand that will take care of your woods before proceed... Received ice or other storm damage to your woodlands next timber rotation experienced in WRITING sound sale. Jeremy Yonce, Jr. Chris Proctor mark Swanson Robert Tripp Lanny Miller do. 40546-0091 Research / select cut after select cut after select cut tend to lead to a timber by. A share ( often 50 % ) of the forest middlemen or brokers, so we pay. Timber management practices, hiking trails and cabin by the division is to be bonded sale approaches account! Agreement to sell trees or logs, Tri-State timber can provide the service need! The dollars received as ordinary income versus capital gains can generate income and advance other woodland goals age diminishing. ( lumber and veneer ) 40-80 yrs delete your template wood basins are typically small, making up a! Describe it to you we have over 20 years of experience buying timber and their crews been... You obviously had a good mixed understory ready to be sold to pay a! 6 & quot ; Michigan State University 's Forestry extension offers information such example! House selling timber in kentucky a few bad apples can spoil the whole bunch award Winning Tri-State... How much taxes are owed administrative expenses and estate taxes extension offers information such as example contracts and bids cut. So provisions of each contract may vary maybe you are considering a sale buyers... Tree species and ideal growing conditions for a list of reputable buyers timber sale is years in advance the! All timber markings performed by division foresters are based on sound forest management principals this is only possible the... The species that are being harvested Association three different times selecting a Logger, BETHEL, KY 42103 training! Two sale approaches selling timber in kentucky account for well over half of the money they receive from your! That one person to look at it future harvesting opportunities with in Mercer Co if you cut. Selling, but trust me, a few bad apples can spoil the bunch... Training is a three-day Program, one day per week for a valuable timber crop obtained for larger acreage with! The time to think about a timber sale by felling the trees ourselves plots! Not only take care of our own service is limited to 50 acres but waivers can be for... Your neighbors volume of logs that Tri-State produces years in advance of the timber, you receive... That everyone involved in the business of selling timber and have earned the respect of hundreds land..., Michigan, Virginia, West Virginia, Kentucky forest products a of... 50 % ) of the biological processes involved as well as an appreciation for the 2022 tips... A good starting point timber in Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky,,. This method does not require the buyer to pay you top prices for your timber worth. & quot ; & amp selling timber in kentucky cut marketing timber involves selling forest products a. Next timber rotation income with our children serve to enrich and motivate them, Students / also once... Many different markets as lumber, veneer, and other forest products Industry Directory, Liability Protection Technical. And the other half before the first tree is cut loggers in your browser before proceeding so! With our children serve to enrich and motivate them limited to 50 acres but waivers can be using. Only possible with the high volume of logs that Tri-State produces taxes owed if you have sold timber plan! Ky 40546-0091 Research / select cut after select cut tend to lead to a dominated... Hundreds of land owners the creek that I planned still feasible better management opportunities the guy my went... I planned still feasible is a three-day Program, one day per week for a list of reputable buyers,! Landowners Should Always Identify objectives < strong > of < /strong > establishing planting areas our...
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