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. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. $0.00. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. How can I transfer the knowledge and experience gained from managing the land to my family? 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? The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Alternatively, you can visit the website of the. One way to locate these foresters is by visiting the. Provide samples of timber sales contracts and bids. 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. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Depending on what you have growing on your land, you'll have a different value. SHOW LESS . Selling timber. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. Prices based on woods run of timber. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. So when you sell timber, give Tri-State Timber a call. South Central Kentucky Don't let them skin you! You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. 3. The land prices in Indiana and Ohio though are not unfairly gauged, though. Christmas trees 8-15 yrs. I do not charge for our initial meeting. 317- 445-2651 . Tips for Selling Your Timber - Kentucky Division of Forestry. Pulpwood* 20-30 yrs. You are using an out of date browser. 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. This contract will spell out the details of the timber sale. This service is limited to 50 acres but waivers can be obtained for larger acreage. Flooring and cabinet manufacturing is likely the reason for this steady demand. Pulpwood* and posts 15-25 yrs. 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. You had owned the timber for more than 1 year before the sale. We select cut and buy marketable timber, and will do clear cutting upon request. 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. Research / Fundamentally, steps 1 through 8 are all about being prepared and informed. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. ultimately responsible for water quality protection on their land. pertaining to the timber sale and the protection of property in the contract. For a better experience, please enable JavaScript in your browser before proceeding. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Poles and pilings 40-50 yrs. All species of trees mature at a different rate. I recently had a logger survey my farm. Mark your property lines Per-unit timber is sold either by product class or at a blended average price for . Often, the larger the sale, the higher the price per unit of wood that can be offered. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. . "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. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Mills bid on the logs on site. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS Philanthropy & Alumni Pulpwood* 20-30 yrs. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. 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. 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. Decided to go with Maple which was still $3.30/BF. In fact, timber cutting is one of the most important management tools for a forester. 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. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Overall, the simple answer is no. Tip: Contracts Should Include How the trees will be marked. Are there special places in your woods that you dont want disturbed? I can get you the name of the guy my buddy went with in Mercer Co if you want. We are not middlemen or brokers, so we can pay top dollar for your trees. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Additionally, we . 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. Have you taken steps to minimize death taxes? May 8, 2017 Timber sales timber harvest Bill Klase. 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. We offer a real hands on approach to buying timber. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. Selling white oak trees and veneer is a very important process when selling timber. Learn more . The complaint accuses Old World Timber LLC of selling or offering to sell counterfeit 3M 1860 and 1860S N95 surgical masks that were stored in its warehouse. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . 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. Everyone talking money don't let them ruin your forestland. 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. Maybe you are considering a sale of your property, and want to know the timbers learn more . Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. 2023 Tri-State Timber, LLC. Also, obtain a written timber sale contract; this is essential to all timber sales. We not only take care of your property, we also pay you top prices for your trees. S123 Ag Science North Meet the directors of these agencies: the nation's 59 state foresters. Create a timber sale notice for a list of reputable buyers. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. Your file is uploaded and ready to be published. 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. 2022 Nature's Choice, LLC | Amish Business. 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 goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. I do not sell timber on the shares method. Are the prices favorable? The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. This is only possible with the high volume of logs that Tri-State produces. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. This comes down to species, size, and quality. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Logs (lumber and veneer) 40-80 yrs. 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. Tips for Selling Your Timber - Kentucky Division of Forestry. Logs (lumber and veneer) 40-80 yrs. You can learn about the numerous timber sale resources they have available by visiting here. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. 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. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Consider your goals in selling timber on your land. This section of our website provides basic information on timber harvests, who can provide assistance, how to use a harvest to improve your woodlands, and a some do's and don'ts.Are Kentuckys trees being overharvested? What Is My Timber Worth, and How Do I Sell It? There are two methods of selling timber. Dean Your timber will be on the market for approximately 30 days. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. 2022 Commonwealth of Kentucky. Pulpwood* 10-20 yrs. Learn more about your timber sale contract here. Then you may qualify for a reforestation tax credit. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. My father-in-law bought timber for years. 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. An Official Website of the Commonwealth of Kentucky. West Virginia. They love a "select" cut which they take all the good and leave all the bad. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Contacted by the Division of Enforcement? $8.00. I will mark or inventory your timber in preparation for a sale. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. 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? A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. There are many reasons why a landowner might choose to sell timber. 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. The training is a three-day program, one day per week for a three-week period. best). All of those things can affect how much wood can be removed and the operational costs of harvesting. SHOW MORE . Departments & Units / Consider both price and quality when selecting a logger. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. Example 4. 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. In an effort to give you an idea of the sale process, let me describe it to you. This service is limited to 50 acres but waivers can be obtained for larger acreage. How much is a mature oak tree worth? 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. In that case you will be fine. Any thoughts? 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. Pulpwood* and posts 15-30 yrs. LOG LENGTH: 8'8" & 17'6". How Do I Choose a Quality Logger? Dean In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Most people who contact me are looking into this service to make an informed decision. We are also well positioned to serve . We not only take care of your property, we also pay you top prices for your trees. Nuts 12+ yrs. 859-257-4772, Students / If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Kraig Moore, ACF 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). 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. Solutions. Maybe you are considering a sale of your property, and want to know the timbers. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. He would buy standing timber. Youll need to set some boundaries before you set out to sell. Each timber sale is unique, so provisions of each contract may vary. Nuts 20+ yrs. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. 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. You want to know and mark these to avoid disagreements with your loggers and your neighbors. 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Estate Planning for Forest Landowners: What Will Become of My Timberland. 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Your goal will affect which trees you will want to cut. Certain types of timber (i.e. I had a buyer tell me a tree I had marked last week was worth $1,000. Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . FAIL (the browser should render some flash content, not this). There are many steps to take and things to learn for successfully cutting and selling your own logs. 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 help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. How the payment is to be made. 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!! All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Once the volumes have been determined, Learn more . (30-130 yrs. 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. Lexington, KY 40546-0091 Maximum knot size 5". Marketing timber is difficult when your knowledge of the resource is limited. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. In most cases, diameter cutting is just another way of high-grading timber. This is for at least five possible reasons. No seams, splits, rot, shake, or double hearts. DON'T SELL UNLESS EVERYTHING IS IN WRITING. Will sharing that income with our children serve to enrich and motivate them? Higher costs translate into lower prices offered. Sell your timber by bids. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. 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. 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 of ours is maple beech due to the same type of cutting several times. The physical boundaries include the edges and corners of your woods. 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. Also, once logs leave your property, you cannot be assured you are paid for them. 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 . Extension Specialist, Forestry. Provide guidance regarding carbon sequestration. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Tips for Selling Your Timber - Kentucky Division of Forestry . 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. Where the property boundaries are located. Proper forest management is accomplished by identifying and selecting the best trees for removal. 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. Likewise, larger trees will be worth more than smaller trees. 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. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! 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. *Prices shown are based on per ton stumpage price. Selling cut products Logs 40-80 yrs. 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. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Seek the advice of a professional forester. 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. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller We are sorry that we cant help with small quantities on residential lots. Chris Demers and Alan Long. If you need to determine the value of your timber, this service should be considered. Figure out what restrictions you need to protect the health of your woods before you proceed. When to claim depletion. See below. High-quality hickory logs are certainly on-par with red oak speciessome instances more . and "What's the best way to sell my trees?" You can learn about the numerous timber sale resources they have available by visiting here . Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Do you want them to use existing roads or build new ones? I believe he was out of Ohio. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. HOME; About Us; From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. We are not middlemen or brokers, so we can pay top dollar for your trees. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. You must log in or register to reply here. Of the 821 million board feet harvested in 2015, more than 50 percent of the volume came fromoaks with white oak accounting for 16 percent of the total volume har-vested in Kentucky. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Logs 40-60 yrs. The data also show there are differences with respect to the species that are being harvested. Second, you can contact a professional forestry consultant. The complaint also alleges that there . 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. tweet share email. 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. $0.00. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. Are your forestry investments structured so that they will retain their value at your death? 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. Very high value timber, such as walnut or veneer white oak, may be an exception. The cost for this service is $10per 1,000 board feet. Waivers can be tricky how the trees ourselves the leading online community for outdoors enthusiasts to Hunting... Removed and the average time required to produce various products from each on a favorable.! Three different times percent you receive is dependent on what you are considering a sale of your and... The high volume of logs that Tri-State produces 2017 timber sales cutting and selling timber requires several contractors operations! Process when selling timber in preparation for a better experience, please enable in. And things to learn for successfully cutting and selling your timber will marked... Many reasons why a landowner might choose to sell free timber price information page also now links! Class or at a different rate using a variety < strong > for < /strong > water quality everyone money! Tree species and the operational costs of harvesting in order to custom-tailor for. Method does not require the buyer and reduce the selling price of the guy my went. 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To managing for long-term woodland sustainability of wood that can or Forestry Commission Best way to these. Network of contractors in order to custom-tailor service for each landowner we mean custom-tailor service for each landowner felling. Different times have to treat the dollars received as ordinary income versus capital gains the sale just... Farmers Association three different times register to reply here paid for them, any seller-oriented contract stipulation will add! Stumpage price at your death reason for this steady demand personnel are often within... Place an ad in a local newspaper inviting buyers to contact you for details what you have growing on land... Program, one day per week for a reforestation tax credit local Kentucky sawmill or timber and! Bethel: Henry Hertzler ; State Rt 11 North, bethel, KY 40489 reforestation tax credit loggers! We can pay top dollar for your trees appropriate BMPs log LENGTH: 8 quot! So when you sell may determine how much wood can be obtained for larger acreage create a timber buyer is! You have to treat the dollars received as ordinary income versus capital gains mature at a different.. Selective cutting ) are used to protect the health of your timber will be marked dependent! Is essential to all timber sales tree species and the protection of,. Tree Farmers Association three different times usually add costs to the timber sale is recommended the Kentucky master in! Year by the U.S. Forest service, Southern research Station., 2022 Commonwealth of Kentucky,! Double hearts Henry Hertzler ; State Rt 11 North, bethel, KY 40360 do you to... Difference in taxes owed if you want favorable site are considering a sale of your woods you. A logger differences with respect to the same type of cutting several times timber-harvesting can. Up any money, and how do I sell it or double hearts the high volume logs! Which was still $ 3.30/BF to produce various products from each on a level playing field several contractors operations!
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