Why Sell Timber? Higher costs translate into lower prices offered. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. How Do I Determine What Trees to Cut? (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. We are buying trees for our sawmill. I had a buyer tell me a tree I had marked last week was worth $1,000. 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. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. South Central Kentucky Don't let them skin you! Performing this action will revert the following features to their default settings: Hooray! BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. Log the timber by team or machinery & saw the logs into lumber or railroad ties. These tips are all about how to sell timber. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. The cost for this service is $10per 1,000 board feet. 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. Selling timber. Create a contract and monitor the sale to resolve issues that may arise. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. Pulpwood* 20-30 yrs. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? 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. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Most cuts like that maple take over. Pulpwood* 20-30 yrs. 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. black cherry) are worth more than others (i.e. S123 Ag Science North Timber is a renewable resource and cash crop that will renew itself if correctly harvested. 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. Price per acre of hunting land in Kentucky averages $1,600. Logs 40-79 yrs. Pulpwood* and posts 15-30 yrs. 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. Provide samples of timber sales contracts and bids. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Provide guidance regarding carbon sequestration. S123 Ag Science North Pulpwood* and posts 15-25 yrs. and "What's the best way to sell my trees?" The data also show there are differences with respect to the species that are being harvested. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. Also, once logs leave your property, you cannot be assured you are paid for them. Dean Lexington, KY 40546-0091 Example 4. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. 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. These experts provide a wide variety of services for a fee: tree planting advice, forest management, timber cruising (determining timber value), and timber sale preparation and supervision. 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. First, even though statewide or regional prices can provide a taste of the level and trends of prices, what your timber is worth is somewhat dependent on local market conditions. Have you taken steps to minimize death taxes? 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. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Per-unit timber is sold either by product class or at a blended average price for . We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. 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. All timber markings performed by division foresters are based on sound forest management principals. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. We not only take care of your property, we also pay you top prices for your trees. We begin by meeting to view your timberland. Cutting and Selling Your Own Logs. Extension / Click here for the 2022 Tax Tips for Forest Landowners. All of those things can affect how much wood can be removed and the operational costs of harvesting. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Once your timber is marked, you need to prepare a bid for advertised timber contract. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. He would buy standing timber. 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. 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. You may choose either to harvest your own timber and sell the cut product such as veneer and saw logs, pulpwood, posts and poles or to sell the standing trees and allow the buyer to cut and haul them. Are there special places in your woods that you dont want disturbed? 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. A master logger is someone who has completed a three-day training course which includes information about timber harvesting best management practices, proper tree felling and safety. 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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 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. That's a rare, veneer white oak growing in excellent soil. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. 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. "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. Kraig Moore, ACF Most timber that is not sold by a consultant is sold on what is called the shares method. All species of trees mature at a different rate. Call 317-445-2651 . You are using an out of date browser. West Virginia. Tip: Contracts Should Include How the trees will be marked. 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 . These two sale approaches probably account for well over half of the timber sold in Kentucky. Private and public foresters provide different services. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. We are a reputable company that will take care of your woodlands as if we were taking care of our own. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. I do know that the amount he ended up getting was way more than most offered initially. If you need to determine the value of your timber, this service should be considered. In fact, timber cutting is one of the most important management tools for a forester. best). . We are insured and Licensed Master Loggers in the State of Kentucky. The query tool uses dropdown menus to make choices. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Selling cut products Once youve got interested buyers, there are a few different ways the sale process can go. FAIL (the browser should render some flash content, not this). Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. 4. They love a "select" cut which they take all the good and leave all the bad. 2. 2. timber and log price information on the web, National Association of State Foresters website, Cooperative State Research, Education, and Extension Service, Michigan State University's Forestry Extension. Logs (lumber and veneer) 40-80 yrs. Land owners have zero risk that someone will take their trees and not pay. Once the volumes have been determined, Learn more . Steps to Marketing Timber. Use a reliable logging firm. 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. 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. This service is limited to 50 acres but waivers can be obtained for larger acreage. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. 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. $8.00. Seek the advice of a professional forester. 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. For example, take a log of 16 inches diameter x 16 . Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. 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. Dean 2022 Commonwealth of Kentucky. Contacted by the Division of Enforcement? The forest is a complex natural system. Logs (lumber, boxes) 40-70 yrs. 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. The time to think about a timber sale is years in advance of the actual timber sale. Maximum knot size 5". How much is a mature oak tree worth? 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. Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. 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. Create a timber sale notice for a list of reputable buyers. 279 Shaw Station Road Leitchfield, KY 42754. . Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. Logs 40-60 yrs. Not all timber land is created equal. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . We offer the lowest consulting fees without compromising the quality of our timber sales services. 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 rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Logs (boxes, crates, lumber, veneer) 30-50 yrs. Have you and a neighbor traded some woodlands for better management opportunities? 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. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. The land prices in Indiana and Ohio though are not unfairly gauged, though. Nuts 20+ yrs. The service provided by the division is to assist you with implementation of your forest stewardship plan. Maybe you are considering a sale of your property, and want to know the timbers learn more . And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Division of Forestry employees are not experts when it comes to timber tax issues. How much is my timber worth? 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. To get the best possible price for your timber, youll want to have several competing bids. Most of ours is maple beech due to the same type of cutting several times. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. . 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. First, you can call on the free or low-cost services of state or university personnel. You had owned the timber for more than 1 year before the sale. Logs (lumber and veneer) 40-80 yrs. This is only possible with the high volume of logs that Tri-State produces. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Conduct an inventory of the trees for sale by species, number, quality and volume. How Do I Choose a Quality Logger? Baillie's locations are convenient to major North American shipping routes and seaports. Departments & Units / Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. Tips for Selling Your Timber - Kentucky Division of Forestry . Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Extension / All timber markings performed by division foresters are based on sound forest management principals. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Estate Planning for Forest Landowners: What Will Become of My Timberland. Timber selling methods. Cost-Share Payments Are you receiving cost-share payments? I will mark or inventory your timber in preparation for a sale. This is because I want my clients to have certainty. Whether you are wanting to sell your timber or design a professional forest management plan, Ohio Foresters LLC will work with you every step of the way. Depending on what you have growing on your land, you'll have a different value. Wondering about the possibility of selling individual trees from your yard or small acreage tract? There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. You want to know and mark these to avoid disagreements with your loggers and your neighbors. It may be advisable to obtain legal counsel when preparing a contract. 2023 Tri-State Timber, LLC. 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. An Official Website of the Commonwealth of Kentucky. Consider both price and quality when selecting a logger. 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. Saw pine wood can differ by as high as $20 per ton. All the bids are then opened on the day of the sale. 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. How to Host a Continuing Education Program. Pulpwood* 30-50 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. We are not middlemen or brokers, so we can pay top dollar for your trees. Maybe you are considering a sale of your property, and want to know the timbers. (30-130 yrs. We begin by meeting to view your timberland. Any thoughts? : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. One way to locate these foresters is by visiting the. SHOW LESS . Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Logs (lumber and veneer) 40-80 yrs. Read this first. 270-792-4018. . Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? My father-in-law bought timber for years. 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. 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?" /Strong > Ash trees trees that you dont want disturbed woods that dont... And your neighbors legal counsel when preparing a contract and monitor the process! Ours is maple beech due to the land for development, preserving wildlife or managing growth Units / our:... 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