DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. Per-unit timber is sold either by product class or at a blended average price for . Selling timber is like that toothere are several steps to the process, many of which may be new to you. 270-259-3104. . Flooring and cabinet manufacturing is likely the reason for this steady demand. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? . There are many steps to take and things to learn for successfully cutting and selling your own logs. My father-in-law bought timber for years. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. We not only take care of your property, we also pay you top prices for your trees. 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. Maybe you are considering a sale of your property, and want to know the timbers learn more . NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . South Central Kentucky Don't let them skin you! Tri-State Timber is a leading producer of veneer and high quality logs. 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. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. 1. 1. Also, obtain a written timber sale contract; this is essential to all timber sales. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. 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. How Do I Choose a Quality Logger? We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Selling cut products Sitting here in our offices of Research Triangle Park, North Carolina, it would be difficult for us to estimate what your timber or logs are worth. 317- 445-2651 . Departments & Units / If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Create a timber sale notice for a list of reputable buyers. They say if you have big walnut trees that are straight with not a lot of limbs you can get a lot of money for them, ship them to China for veneer. 1296. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. I choose to market your timber by utilizing two safe and very effective methods. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Tips for Selling Your Timber - Kentucky Division of Forestry. Logs (lumber and veneer) 40-60 yrs. 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. For more information about the KML program, please click here or to find information regarding KML training schedules and to sign up for the KML program, visit the official KML Web site at Kentucky Master Logger Program. Several scientific studies have shown that timber sellers who hire a professional forestry consultant to organize the sale end up with profits equal to or greater than profits accruing to timber owners who do not hire a professional forestry consultant, even after subtracting out the consulting fee. Department of Natural Resources and Environmental Sciences. 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. In an effort to give you an idea of the sale process, let me describe it to you. Youll also need to decide what you want to protect. Wondering about the possibility of selling individual trees from your yard or small acreage tract? How the sales price is determined. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. Pulpwood* and posts 15-30 yrs. Are you sure you want to delete your template? "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. For a better experience, please enable JavaScript in your browser before proceeding. That's a rare, veneer white oak growing in excellent soil. Logs (lumber and veneer) 40-60 yrs. Lexington, KY 40546-0091 Private and public foresters provide different services. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. Prices based on woods run of timber. 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. Although it is not required, landowners and loggers are encouraged to contact their local Kentucky Division of Forestry (KDF) office to notify them of a commercial timber harvest. We are insured and Licensed Master Loggers in the State of Kentucky. Second, you can contact a professional forestry consultant. 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. Extension / Very high value timber, such as walnut or veneer white oak, may be an exception. Pulpwood* 20-30 yrs. S123 Ag Science North Logs (lumber and veneer) 40-80 yrs. Alternatively, you can visit the website of the. Pulpwood* 20-30 yrs. Here is a list of situations/activities that may affect the way you file your income tax returns. Lexington, KY 40546-0091 Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. How much is a mature oak tree worth? Any thoughts? You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Are your forestry investments structured so that they will retain their value at your death? Nuts 12+ yrs. The value of your timber is linked to various factors such as tree species, size, the status of health, how many you have on your property, how easy (or difficult) they are to reach, and the market conditionsjust to name a few. Price per acre of hunting land in Kentucky averages $1,600. 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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. S123 Ag Science North The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Use a reliable logging firm. Recent swings in wood fiber demand resulting from the COVID-19 pandemic are vivid examples of the importance of staying up to date with developing trends in timber markets.. For instance, the huge demand shift for tissue products coupled with the slowdown in construction over the last several months presented an ideal time to market and sell timber from young pine stands. 270-792-4018. Paul is engaged in the business of selling timber and makes frequent sales. 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. Written notification to adjacent property owners within seven days of starting the harvest. Have you taken steps to minimize death taxes? Overall, the simple answer is no. Your timber will be on the market for approximately 30 days. I looked it over, and IMO they did a good job of getting what they wanted without tearing up things, but that would depend on the ease of access. Once the volumes have been determined, Learn more . All species of trees mature at a different rate. Call 317-445-2651 . A good timber contract can go a long ways to ensure that . $0.00. We are not middlemen or brokers, so we can pay top dollar for your trees. Now, obviously prices will range from mill. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Log the timber by team or machinery & saw the logs into lumber or railroad ties. 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. Logs (lumber and veneer) 40-80 yrs. Variables such as distance from the stand to the nearest road, slope, soil wetness, and whether temporary bridges need to be built across streams all can affect operational costs of harvesters and hence what they might be willing to pay to harvest a stand of trees. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. You had owned the timber for more than 1 year before the sale. We begin by meeting to view your timberland. Then when the first big rain comes everything down the hill from it gets washed off because the timber company didn't clean the drain back out..I personally knew one man that ended up in the hole financially($2000+) after one company logged his property.. Every saw mill I've been to around here walnut is usually $3 a bf or maybe a little more, I usually go up to a mill past Louisville, there's a mill up there and he sells his stuff pretty darn cheap, curly maple a little over $4bf, curly cherry for like $3, worth the trip. 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. Do you have a forest management plan? black cherry) are worth more than others (i.e. When to claim depletion. Chris Demers and Alan Long. The cost for this service is $10 per 1,000 board feet. jhayek@illinois.edu. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Philanthropy & Alumni Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. Selling timber. Mark your property lines One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Contacted by the Division of Enforcement? And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Pulpwood* 15-25 yrs. Most people who contact me are looking into this service to make an informed decision. kraig@kentuckylandandtimber.com Poles and piling 35-50 yrs. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Performing this action will revert the following features to their default settings: Hooray! Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? The complaint also alleges that there . 2. Are timber sales good for turkey hunting? Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. 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. THREE REGIONS, ONE PURPOSE. Poles and pilings 40-50 yrs. This service is limited to 50 acres but waivers can be obtained for larger acreage. Example 4. Maximum knot size 5". We offer a real hands on approach to buying timber. 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. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. 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. 1609 Harmony Way Digital Media Library, College of Agriculture, Food and Environment. Proper forest management is accomplished by identifying and selecting the best trees for removal. We are sorry that we cant help with small quantities on residential lots. Overly mature, older trees will die of old age, diminishing the value of the forest. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. 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. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com We offer the lowest consulting fees without compromising the quality of our timber sales services. 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. 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. For example, take a log of 16 inches diameter x 16 . Likewise, larger trees will be worth more than smaller trees. How Do I Determine What Trees to Cut? 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). There are many reasons why a landowner might choose to sell timber. Timber Evaluations and Price Proposals are free. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. This is because I want my clients to have certainty. Logs 40-60 yrs. 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. Tip: Contracts Should Include How the trees will be marked. Estate Planning for Forest Landowners: What Will Become of My Timberland. We are a reputable company that will take care of your wood. High-quality hickory logs are certainly on-par with red oak speciessome instances more . Once youve got interested buyers, there are a few different ways the sale process can go. I do not charge for our initial meeting. 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. How to Host a Continuing Education Program. Click here for the 2022 Tax Tips for Forest Landowners.. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. Click here for the 2022 Tax Tips for Forest Landowners. Each timber sale is unique, so provisions of each contract may vary. EN. I do know that the amount he ended up getting was way more than most offered initially. Once your timber is marked, you need to prepare a bid for advertised timber contract. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. This is the most valuable service to landowners. Are there special places in your woods that you dont want disturbed? If you need to determine the value of your timber, this service should be considered. Logs must be sound, straight, and produced from green timber. 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. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . SHOW MORE . WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. 279 Shaw Station Road Leitchfield, KY 42754. Solutions. Partnerships are integral to NIFA's mission. Baillie's locations are convenient to major North American shipping routes and seaports. Award Winning Company Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. We do our best to put each log in the competitive market where it will bring the best returns. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Documentation of landowner to retain all rights to carbon credits. 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. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Landowners choose to conduct timber sales for a variety of reasons. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Logs (handle stock, lumber) 40-70 yrs. Bowling Green, KY 42103 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. The data also show there are differences with respect to the species that are being harvested. 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? Logs (lumber, boxes) 40-70 yrs. We grade and seed damage to the land. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. We are buying trees for our sawmill. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. 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