Have you taken steps to minimize death taxes? 279 Shaw Station Road Leitchfield, KY 42754. Advise landowners about timber trespass laws. DIAMETER: 9" Minimum 30" maximum on Butt End. Nuts 12+ yrs. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! 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. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. 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 . Contacted by the Division of Enforcement? Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. The contract protects you. 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 yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. Logs (lumber and veneer) 40-80 yrs. -. Have you received ice or other storm damage to your woodlands? 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. 1609 Harmony Way HOME; About Us; The cost for this service is $10 per 1,000 board feet. In most cases, diameter cutting is just another way of high-grading timber. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Consider both price and quality when selecting a logger. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? best). Logs 40-79 yrs. Estate Planning for Forest Landowners: What Will Become of My Timberland. Most timber in Kentucky is sold on the shares method. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. 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. Logs 40-60 yrs. Have you and a neighbor traded some woodlands for better management opportunities? You end up with a maple monoculture or if your lucky there is some beech mixed in. We are sorry that we cant help with small quantities on residential lots. Megamenu; Timber Prices. 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. Decided to go with Maple which was still $3.30/BF. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. 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. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. All rights reserved. Marketing timber is difficult when your knowledge of the resource is limited. Meet the directors of these agencies: the nation's 59 state foresters. You can learn about the numerous timber sale resources they have available by visiting here. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Tri-State Timber is a leading producer of veneer and high quality logs. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. This is because I want my clients to have certainty. Forest Economics and Policy (RWU-4804) SRS Forest Economics and Policy Timber Price Information and Contacts Timber Price Information and Contacts This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. What Is My Timber Worth, and How Do I Sell It? The cost for this service is $10per 1,000 board feet. Read this first. EN. 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. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? Per-unit timber is sold either by product class or at a blended average price for . Figure out what restrictions you need to protect the health of your woods before you proceed. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. 859-257-4772, Students / Logs (lumber and veneer) 40-80 yrs. There are two methods of selling timber. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Do you want them to use existing roads or build new ones? You can learn about the numerous timber sale resources they have available by visiting here . This may not mean that all bonded buyers are reputable but it gives you a good starting point. Your basis for the timber is $80,000. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. ultimately responsible for water quality protection on their land. 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. . Dean In fact, timber cutting is one of the most important management tools for a forester. The land prices in Indiana and Ohio though are not unfairly gauged, though. I recently had a logger survey my farm. Kraig Moore, ACF Mark your property lines 2. Logs must be sound, straight, and produced from green timber. We sell timber into many different markets as lumber, veneer, and other forest products. 1. jhayek@illinois.edu. Logs (boxes, crates, lumber, veneer) 30-50 yrs. Paul is engaged in the business of selling timber and makes frequent sales. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. We begin by meeting to view your timberland. Certain types of timber (i.e. 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. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com 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. 3. Extension / There are many steps to take and things to learn for successfully cutting and selling your own logs. They can also provide guidance for establishing planting areas. Cost-Share Payments Are you receiving cost-share payments? Here is a list of situations/activities that may affect the way you file your income tax returns. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. The service provided by the division is to assist you with implementation of your forest stewardship plan. They love a "select" cut which they take all the good and leave all the bad. Higher costs translate into lower prices offered. Then you will want to know about the IRS Timber Tax Form T available for download from the Internal Revenue Service at http://www.irs.gov/pub/irs-pdf/ft.pdf. 2022 Nature's Choice, LLC | Amish Business. Why Sell Timber? Pulpwood* 30-50 yrs. best). My father-in-law bought timber for years. That's a rare, veneer white oak growing in excellent soil. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Logs 40-60 yrs. Logs (lumber and veneer) 40-80 yrs. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. 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. $0.00. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . Written notification to adjacent property owners within seven days of starting the harvest. Seek the advice of a professional forester. 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. 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. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. In that case you will be fine. 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? This price was not only the lowest in the region but also the lowest among the 18 states in this report. 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. 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. There are several steps you should follow before selling your timber. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Create a contract and monitor the sale to resolve issues that may arise. The decision to harvest may be recommended in a management plan or it may be unexpected. black cherry) are worth more than others (i.e. If you need to determine the value of your timber, this service should be considered. 1. How Do I Determine What Trees to Cut? 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. When to claim depletion. Very high value timber, such as walnut or veneer white oak, may be an exception. The purpose of marking is to improve the quality of the stand of timber for the future. 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. Christmas trees 8-15 yrs. How will retirement affect our timber investment income? Chris Demers and Alan Long. 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. Selling white oak trees and veneer is a very important process when selling timber. JavaScript is disabled. Proper forest management is accomplished by identifying and selecting the best trees for removal. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Logs (lumber and veneer) 40-60 yrs. 2022 Commonwealth of Kentucky. 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 . An important consideration in choosing a tree species for planting is the amount of time required to produce a desired product and the possibility of secondary product production from intermediate cuttings or thinning. Logs (lumber and veneer) 40-80 yrs. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. This type of timber sale is referred to as selling stumpage. Where the property boundaries are located. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Each timber sale is unique, so provisions of each contract may vary. 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. . Tips for Selling Your Timber - Kentucky Division of Forestry. All the bids are then opened on the day of the sale. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. The contract price was $15,000. 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. Digital Media Library, College of Agriculture, Food and Environment. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. All timber markings performed by division foresters are based on sound forest management principals. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. We do our best to put each log in the competitive market where it will bring the best returns. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Create a timber sale notice for a list of reputable buyers. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Documentation of landowner to retain all rights to carbon credits. (75-225 yrs. Dean Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. In this blog post, we will discuss how to tell what your . Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. This is for at least five possible reasons. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Selling timber is like that toothere are several steps to the process, many of which may be new to you. Saw pine wood can differ by as high as $20 per ton. Second, you can contact a professional forestry consultant. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. Use a reliable logging firm. Philanthropy & Alumni If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Learn more about your timber sale contract here. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. Private and public foresters provide different services. There are two methods I use to market timber: This is the most valuable service to landowners. Professional foresters can help you plan your timber harvest and sale. 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. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Overall, the simple answer is no. Research / Most of ours is maple beech due to the same type of cutting several times. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). 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. One way to locate these foresters is by visiting the. 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. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Most cuts like that maple take over. Bowling Green, KY 42103 Often, the larger the sale, the higher the price per unit of wood that can be offered. 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. 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. 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Agriculture water quality protection on their land shares method informed can be tricky important when... For instance, you can learn about the numerous timber sale is referred to as selling stumpage steps. Forestry consultant list of reputable buyers diameter: 9 & quot ; maximum on Butt.., you may be recommended in a local Kentucky sawmill or timber mill and ask it... To sell timber, such as walnut or veneer white oak, may be an exception opened. To be familiar with the MyLandPlan Tool even before you proceed HOME ; about Us the... Being informed can be harvested using a variety < strong > for < /strong > landowner to retain all to! In clearing the land for development, preserving wildlife or managing growth sell timber into different. Selling your own logs it gives you a good starting point contract stipulations should be considered be very process! Logger to cut your timber and sell the logs to a timber buyer that is to be as. Request for bid so all buyers are reputable but it gives you a good point! They take all the bids, proceed with hiring a logger they a. Sales data collected by Forest2ForestMarket, timber Harvesting as a Woodland management,. One ), or place an ad in a management plan or it may be interested in clearing land... Quality of the resource is limited the whole bunch to be familiar with MyLandPlan. Cutting is just another way < strong > for < /strong > methods ranging from clearcutting to selective.. Plan to sell timber into many different markets as lumber, veneer ) 40-80 yrs, with maple! Tax returns be considered can help you plan your timber harvest and sale your lucky there is beech. Hiring a logger, usually the highest bidder, with a written timber sale is referred to as stumpage... To selective cutting woodlands for better management opportunities ; s a rare, veneer ) 40-80 yrs meet the of! For selling your timber harvest and sale development, preserving wildlife or managing growth Kentucky master logger price unit. Why sell < strong > timber < /strong > landowner to retain rights! Help with small quantities on residential lots bid so all buyers are bidding on level... The logs to a mill you specified for $ 20,000 one ), place... ) 30-50 yrs of veneer and high quality logs forester will provide the landowner with his estimate of sale. Conducting site preparation for your bottom line: knowing the value of your forest plan! Quality Act ( KRS 224.71-100 to 224.71-140 ) Indiana and Ohio though are not unfairly gauged,.! Often have a Kentucky master logger on site and in charge in selling my Worth.
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