One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. The contract price was $15,000. Once youve got interested buyers, there are a few different ways the sale process can go. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. He would buy standing timber. Selling cut products 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. How the sales price is determined. Read this first. We are buying trees for our sawmill. By carefully planning your sale and contacting a professional forester for assistance before you begin harvesting, you can go a long way to ensuring a successful timber sale. Why Sell Timber? How much is a mature oak tree worth? Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. (30-130 yrs. Learn more about your timber sale contract here. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. (75-225 yrs. 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. 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 appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. Megamenu; Timber Prices. Digital Media Library, College of Agriculture, Food and Environment. I choose to market your timber by utilizing two safe and very effective methods. 317- 445-2651 . Your timber will be on the market for approximately 30 days. 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. Contacted by the Division of Enforcement? We select cut and buy marketable timber, and will do clear cutting upon request. Performing this action will revert the following features to their default settings: Hooray! If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. 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. Logs 40-80 yrs. Your basis for the timber is $80,000. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Cost-Share Payments Are you receiving cost-share payments? Create a contract and monitor the sale to resolve issues that may arise. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Where the property boundaries are located. 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. Pulpwood* 20-30 yrs. The job of the forester or timber buyer ends only after a final inspection of the tract to make sure that the obligations set forth in the contract have been met and that the landowner is satisfied with the results. Paul is engaged in the business of selling timber and makes frequent sales. 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. Pulpwood* 15-25 yrs. This will give you a % of all trees marked & cut. 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. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. 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. 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. 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. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. 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. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. 859-257-4772, Students / In this blog post, we will discuss how to tell what your . Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. In an effort to give you an idea of the sale process, let me describe it to you. Proper forest management is accomplished by identifying and selecting the best trees for removal. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. We offer the lowest consulting fees without compromising the quality of our timber sales services. Remember this key requirement: in order for a timber buyer to be interested in purchasing a yard tree(s), the tree or trees must have value with sufficient volume to exceed the purchase cost. JavaScript is disabled. 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. You will need to know how to treat this on your tax return. 859-257-4772, Students / Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. $0.00. We do our best to put each log in the competitive market where it will bring the best returns. Pulpwood* and posts 15-25 yrs. "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. 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. In most cases, diameter cutting is just another way of high-grading timber. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . High-quality hickory logs are certainly on-par with red oak speciessome instances more . 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Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. . How to Host a Continuing Education Program. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? 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. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?" Most people who contact me are looking into this service to make an informed decision. We are not middlemen or brokers, so we can pay top dollar for your trees. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. The complaint also alleges that there . 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 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. Contacted by the Division of Enforcement? We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Research / 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. Flooring and cabinet manufacturing is likely the reason for this steady demand. We begin by meeting to view your timberland. tweet share email. Often, the larger the sale, the higher the price per unit of wood that can be offered. This service is limited to 50 acres but waivers can be obtained for larger acreage. Christmas trees 8-15 yrs. 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 service is limited to 50 acres but waivers can be obtained for larger acreage. 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. Partnerships are integral to NIFA's mission. Are you receiving cost-share payments? If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Professional foresters can help you plan your timber harvest and sale. Are you building roads or fixing drainage problems? NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . 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. I do not charge for our initial meeting. 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. All species of trees mature at a different rate. Nuts 12+ yrs. 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. We are a reputable company that will take care of your woodlands as if we were taking care of our own. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com Departments & Units / Each timber sale is unique, so provisions of each contract may vary. $4.50. I believe he was out of Ohio. $8.00. 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. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Second, you can contact a professional forestry consultant. Logs 40-60 yrs. I do know that the amount he ended up getting was way more than most offered initially. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. This is the most valuable service to landowners. SHOW LESS . College Partners Directory. 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. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Your timbers value is based on all kinds of things: what kinds of trees you have, how large and healthy they are, how many you have, whether theyre easy to reach and cut, and what the market conditions are. 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. Extension Specialist, Forestry. The data also show there are differences with respect to the species that are being harvested. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. By selling your timber, you can generate income and advance other woodland goals. 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. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. Fifth and finally, state and local timber harvesting and management practices laws can affect what kind of harvesting equipment can be used, how close harvests can come to streams, and what contingencies must be made if there are local populations of vulnerable or legally protected plant or animal species in your area. Saw pine wood can differ by as high as $20 per ton. We begin by meeting to view your timberland. In that case you will be fine. Sell your timber by bids. Logs must be sound, straight, and produced from green timber. Decided to go with Maple which was still $3.30/BF. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Also, obtain a written timber sale contract; this is essential to all timber sales. 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). Consider your goals in selling timber on your land. kraig@kentuckylandandtimber.com Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. black cherry) are worth more than others (i.e. Pulpwood* and posts 20-30 yrs. . NIFA is the federal partner in a vast network of scientists, educators, and extension staff that address critical issues about agriculture, food, the environment, and communities. If you need more assistance in your timber sale than the Kentucky Division of Forestry can provide then consider contacting a consulting forester with the Kentucky Association of Consulting Foresters by visiting www.kacf.org. 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