All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Why Sell Timber? No seams, splits, rot, shake, or double hearts. Tips for Selling Your Timber - Kentucky Division of Forestry. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. There are two methods I use to market timber: This is the most valuable service to landowners. 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. 279 Shaw Station Road Leitchfield, KY 42754. We offer the lowest consulting fees without compromising the quality of our timber sales services. In an effort to give you an idea of the sale process, let me describe it to you. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? The complaint also alleges that there . WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. 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. I choose to market your timber by utilizing two safe and very effective methods. How will retirement affect our timber investment income? Timber selling methods. 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. There are many steps to take and things to learn for successfully cutting and selling your own logs. I had a buyer tell me a tree I had marked last week was worth $1,000. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. Use a reliable logging firm. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Logs (lumber and veneer) 40-80 yrs. 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. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Lexington, KY 40546-0091 While Kentucky has more than 100 native tree species, only about 50 have commercial timber value; of those with commercial timber value, a relatively few species account for the majority of harvested volume. The purpose of marking is to improve the quality of the stand of timber for the future. Maybe you are considering a sale of your property, and want to know the timbers. Diffantly get more that one person to look at it. Sell your timber by bids. 270-259-3104. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Wondering about the possibility of selling individual trees from your yard or small acreage tract? Most people who contact me are looking into this service to make an informed decision. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Tri-State Timber is a leading producer of veneer and high quality logs. You will need to know how to treat this on your tax return. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. Department of Natural Resources and Environmental Sciences. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. I will mark or inventory your timber in preparation for a sale. 4. Dean Provide samples of timber sales contracts and bids. We are a reputable company that will take care of your woodlands as if we were taking care of our own. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. Christmas trees 8-15 yrs. Most timber in Kentucky is sold on the shares method. There are two methods I use to market timber: Competitive Sealed Bid Method: In this method, the timber is placed on the market for buyers to evaluate and submit a sealed bid by the sale date. Create a contract and monitor the sale to resolve issues that may arise. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Logs 40-80 yrs. LOG LENGTH: 8'8" & 17'6". . Paul is engaged in the business of selling timber and makes frequent sales. Your goal will affect which trees you will want to cut. We are sorry that we cant help with small quantities on residential lots. 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 can learn about the numerous timber sale resources they have available by visiting here . *Prices shown are based on per ton stumpage price. 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. Selling cut products May 8, 2017 Timber sales timber harvest Bill Klase. In most cases, diameter cutting is just another way of high-grading timber. This type of timber sale is referred to as selling stumpage. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Your timber will be on the market for approximately 30 days. Logs (lumber and veneer) 40-60 yrs. 2023 Tri-State Timber, LLC. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Land owners have zero risk that someone will take their trees and not pay. General Specifications. Now, obviously prices will range from mill. Documentation of landowner to retain all rights to carbon credits. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. 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. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. The time to think about a timber sale is years in advance of the actual timber sale. It may be advisable to obtain legal counsel when preparing a contract. Example 4. Written notification to adjacent property owners within seven days of starting the harvest. Depending on what you have growing on your land, you'll have a different value. This is the most valuable service to landowners. 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). Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. This comes down to species, size, and quality. Pulpwood* 20-30 yrs. An Official Website of the Commonwealth of Kentucky, Selling timber is something that most woodland owners do infrequently; and therefore, they are not familiar with how to claim the income or deductions when filing income tax forms. 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. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Consult a forester before you sell any timber, he recommended. You are using an out of date browser. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. 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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. Any thoughts? Learn more . Pulpwood* 15-25 yrs. Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. 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. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Click here for the 2022 Tax Tips for Forest Landowners.. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. Performing this action will revert the following features to their default settings: Hooray! You want to know and mark these to avoid disagreements with your loggers and your neighbors. Will sharing that income with our children serve to enrich and motivate them? Logs 40-60 yrs. 270-792-4018. Have you taken steps to minimize death taxes? 2022 Commonwealth of Kentucky. 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. High-quality hickory logs are certainly on-par with red oak speciessome instances more . Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. This may not mean that all bonded buyers are reputable but it gives you a good starting point. Pulpwood* and posts 15-30 yrs. 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. Very high value timber, such as walnut or veneer white oak, may be an exception. Then you may qualify for a reforestation tax credit. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. 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. In that case you will be fine. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. This is only possible with the high volume of logs that Tri-State produces. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. We are a reputable company that will take care of your wood. We are buying trees for our sawmill. I would say you got lucky. 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. Baillie's locations are convenient to major North American shipping routes and seaports. I can get you the name of the guy my buddy went with in Mercer Co if you want. Seek the advice of a professional forester. Bowling Green, KY 42103
Often, the larger the sale, the higher the price per unit of wood that can be offered. Where the property boundaries are located. 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. West Virginia. 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. Posts 20-30 yrs. Consider your goals in selling timber on your land. Logs (boxes, crates, lumber, veneer) 30-50 yrs. The decision to harvest may be recommended in a management plan or it may be unexpected. 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 are not middlemen or brokers, so we can pay top dollar for your trees. 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 . Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. You must log in or register to reply here. . 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. 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. 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. Pulpwood* and posts 20-30 yrs. Extension Specialist, Forestry. Posts 25-35 yrs. 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. We make selling timber easy. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. See below. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. That's a rare, veneer white oak growing in excellent soil. We grade and seed damage to the land. sweetgum). All rights reserved. Buyers of Standing Timber and Veneer Logs. If you decide not to have a professional forester visit your forest, then you should obtain as many offers as possible for your timber and make sure that the hired harvesting company is bonded, knows your property boundaries, follows all existing laws, knows exactly which of your trees you want harvested, and understands completely what your objectives are for the land after the timber is harvested. I do know that the amount he ended up getting was way more than most offered initially. We begin by meeting to view your timberland. Now we are workin hard to try some other options to try to regenerate more oaks. We are buying trees for our sawmill. 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. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. and "What's the best way to sell my trees?" 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