(your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Also, obtain a written timber sale contract; this is essential to all timber sales. Your goal will affect which trees you will want to cut. Below we talk about how to answer these questions. 2023 Tri-State Timber, LLC. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. best). I would say you got lucky. We tell you up-front the amount you will receive for your timber. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? Likewise, larger trees will be worth more than smaller trees. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. There are many reasons why a landowner might choose to sell timber. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . 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. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. There are two methods of selling timber. Fourth, what a timber buyer will pay for your trees depends on the conditions of the site in which they are growing, which affects how expensive it is to remove them and haul them to a mill. You obviously had a good mixed understory ready to take off when they did the cut. Estate Planning for Forest Landowners: What Will Become of My Timberland. How to Host a Continuing Education Program. This is because I want my clients to have certainty. A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Extension / Lexington, KY 40546-0091 There are many steps to take and things to learn for successfully cutting and selling your own logs. I do not charge for our initial meeting. You must log in or register to reply here. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. General Specifications. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. Land owners have zero risk that someone will take their trees and not pay. Are your forestry investments structured so that they will retain their value at your death? 1. Cost-Share Payments Are you receiving cost-share payments? Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. Your timber will be on the market for approximately 30 days. 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 . Professional foresters can help you plan your timber harvest and sale. Alternatively, you can visit the website of the. Saw pine wood can differ by as high as $20 per ton. 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. 270-259-3104. 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. 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. Selling timber is like that toothere are several steps to the process, many of which may be new to you. 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. All timber markings performed by division foresters are based on sound forest management principals. In this blog post, we will discuss how to tell what your . Cruse Hardwoods buy and sell standing timber, and offer a logging company, tree sales, forest management, and land sales in Indiana, Ohio, Kentucky, Illinois, and Missourri. Second, you can contact a professional forestry consultant. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. What Is My Timber Worth, and How Do I Sell It? The cost for this service is $10 per 1,000 board feet. All the bids are then opened on the day of the sale. Documentation of landowner to retain all rights to carbon credits. Wondering about the possibility of selling individual trees from your yard or small acreage tract? Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Do you have a forest management plan? This frequent question does not have a simple answer. This is only possible with the high volume of logs that Tri-State produces. Pulpwood* 20-30 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. 2022 Commonwealth of Kentucky. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Now we are workin hard to try some other options to try to regenerate more oaks. We begin by meeting to view your timberland. 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. 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. 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. "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. In the shares method, you will not know what your timber is worth until the last log is sold. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. 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. I had a buyer tell me a tree I had marked last week was worth $1,000. Extension / Selling timber. Christmas trees 7-10 yrs. 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. Most timber that is not sold by a consultant is sold on what is called the shares method. $8.00. Logs must be sound, straight, and produced from green timber. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? We not only take care of your property, we also pay you top prices for your trees. Figure out what restrictions you need to protect the health of your woods before you proceed. Create a timber sale notice for a list of reputable buyers. Then you may qualify for a reforestation tax credit. Most timber in Kentucky is sold on the shares method. The query tool uses dropdown menus to make choices. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. 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These tips are all about how to sell timber. Certain types of timber (i.e. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Pulpwood* and posts 15-25 yrs. Contacted by the Division of Enforcement? This comes down to species, size, and quality. 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!! If your timber grows near a lot of mills, your timber might command a higher price than if the timber were far from mills or close to only one or two mills. Tips for Selling Your Timber - Kentucky Division of Forestry. 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. If you've decided to harvest and sell some of your timber, here's what you need to do: Step 1: Get helP Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Proper forest management is accomplished by identifying and selecting the best trees for removal. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. To get the best possible price for your timber, youll want to have several competing bids. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. This type of timber sale is referred to as selling stumpage. 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. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. It may not display this or other websites correctly. 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. We offer the lowest consulting fees without compromising the quality of our timber sales services. We are not middlemen or brokers, so we can pay top dollar for your trees. Are the prices favorable? It may be advisable to obtain legal counsel when preparing a contract. We offer a real hands on approach to buying timber. Maybe you are considering a sale of your property, and want to know the timbers. Prices based on woods run of timber. Christmas trees 8-15 yrs. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Logs (lumber and veneer) 40-60 yrs. The division will evaluate your timber and identify (marking) which trees should be removed and which should remain for the overall health of your forest. Logs 40-80 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. 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. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. 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. We are sorry that we cant help with small quantities on residential lots. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Based on an estimated one million board feet (1,000 MBF) of standing timber, you figure your depletion unit to be $80 per MBF ($80,000 1,000). Chris Demers and Alan Long. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. 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. 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. Christmas trees 8-15 yrs. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Also, once logs leave your property, you cannot be assured you are paid for them. There are several steps you should follow before selling your timber. Timber Evaluations and Price Proposals are free. . Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. An Official Website of the Commonwealth of Kentucky. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Digital Media Library, College of Agriculture, Food and Environment. I can get you the name of the guy my buddy went with in Mercer Co if you want. Once your timber is marked, you need to prepare a bid for advertised timber contract. If you need to determine the value of your timber, this service should be considered. The contract protects you. Written notification to adjacent property owners within seven days of starting the harvest. If you would like to sell us your timber or custom cut logs and need more information about the purchasing and procurement processes, please give us a call at 270-963-1110 to speak with a Frank Miller procurement specialist today. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. 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 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. 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. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. This will give you a % of all trees marked & cut. 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. Logs (lumber and veneer) 40-80 yrs. 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. Published by the U.S. Forest service, Southern Research Station., 2022 Commonwealth of Kentucky from... Can differ by as high as $ 20 per ton being informed can be tricky,. It comes to managing for long-term Woodland sustainability me a tree I a... # x27 ; s timber price database is the most complete and accurate timber pricing in. The high volume of logs that Tri-State produces local Kentucky sawmill or timber mill and ask whether will. 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