selling timber in kentuckyselling timber in kentucky

Logs (handle stock, lumber) 40-70 yrs. 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?" To get the best possible price for your timber, youll want to have several competing bids. What Is My Timber Worth, and How Do I Sell It? The complaint also alleges that there . For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Extension / To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . HOME; About Us; 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. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. This service is limited to 50 acres but waivers can be obtained for larger acreage. 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. 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. I can get you the name of the guy my buddy went with in Mercer Co if you want. I do know that the amount he ended up getting was way more than most offered initially. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Everyone talking money don't let them ruin your forestland. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Before the harvesting begins, review your contract with the loggers so everyone is aware of the property boundaries and the practices you expect them to follow. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. 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. 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. Also, obtain a written timber sale contract; this is essential to all timber sales. You must log in or register to reply here. 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). The physical boundaries include the edges and corners of your woods. All rights reserved. Step 1. I do not charge for our initial meeting. Sell your timber by bids. Private and public foresters provide different services. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. 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. 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. Have you received ice or other storm damage to your woodlands? Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. In most cases, diameter cutting is just another way of high-grading timber. Often, the larger the sale, the higher the price per unit of wood that can be offered. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. 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. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. How Can a Forester Help? 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. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? 859-257-4772, Students / Do you want the loggers to follow certain rules? 2. Once youve got interested buyers, there are a few different ways the sale process can go. 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. The land prices in Indiana and Ohio though are not unfairly gauged, though. The contract protects you. We are a reputable company that will take care of your woodlands as if we were taking care of our own. The cost for this service is $10per 1,000 board feet. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Research / Logs (lumber, boxes) 40-70 yrs. Likewise, larger trees will be worth more than smaller trees. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. LOG LENGTH: 8'8" & 17'6". Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. THREE REGIONS, ONE PURPOSE. I believe he was out of Ohio. 270-792-4018. We are a reputable company that will take care of your wood. 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. Selling cut products Landowners should always have a written timber sales contract with the buyer that outlines the specifics of the agreement including how the trees are marked and priced, how the payment is to be made (lump-sum or payas-you-cut) and where the property boundaries are located. $8.00. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Logs (lumber and veneer) 40-80 yrs. 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. Learn more . 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. Proper forest management is accomplished by identifying and selecting the best trees for removal. 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. You are using an out of date browser. Are you sure you want to delete your template? Visit theTimber Harvesting and Salespage to learn more. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Megamenu; Timber Prices. Pulpwood* 20-30 yrs. DIAMETER: 9" Minimum 30" maximum on Butt End. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? *Prices shown are based on per ton stumpage price. There are many steps to take and things to learn for successfully cutting and selling your own logs. Professional foresters can help you plan your timber harvest and sale. You will need to know how to treat this on your tax return. S123 Ag Science North . Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. Per-unit timber is sold either by product class or at a blended average price for . 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. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. Logs must be sound, straight, and produced from green timber. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. 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. Extension Specialist, Forestry. Provide samples of timber sales contracts and bids. Your goal will affect which trees you will want to cut. Any thoughts? Click here for the 2022 Tax Tips for Forest Landowners. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. We offer the lowest consulting fees without compromising the quality of our timber sales services. $4.50. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Consider both price and quality when selecting a logger. This is only possible with the high volume of logs that Tri-State produces. 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. 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. For a better experience, please enable JavaScript in your browser before proceeding. 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. We are buying trees for our sawmill. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. 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. 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. West Virginia. JavaScript is disabled. That's a rare, veneer white oak growing in excellent soil. 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. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. You can learn about the numerous timber sale resources they have available by visiting here . Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. Are the prices favorable? Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? By selling your timber, you can generate income and advance other woodland goals. Example 4. 2022 Nature's Choice, LLC | Amish Business. This is because I want my clients to have certainty. SHOW MORE . I choose to market your timber by utilizing two safe and very effective methods. 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? 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. 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. Price per acre of hunting land in Kentucky averages $1,600. Department of Natural Resources and Environmental Sciences. Now, obviously prices will range from mill. Pulpwood* 20-30 yrs. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. SHOW LESS . My father-in-law bought timber for years. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. Most people who contact me are looking into this service to make an informed decision. Where the property boundaries are located. General Specifications. Logs 40-60 yrs. Youll also need to decide what you want to protect. Research / We are buying trees for our sawmill. You had owned the timber for more than 1 year before the sale. 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. 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!! Posts 20-30 yrs. Christmas trees 7-10 yrs. I do not charge for our initial meeting. Tips for Selling Your Timber - Kentucky Division of Forestry. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Buyers of Standing Timber and Veneer Logs. Mills bid on the logs on site. . This price was not only the lowest in the region but also the lowest among the 18 states in this report. I will mark or inventory your timber in preparation for a sale. Are there special places in your woods that you dont want disturbed? Do you have a forest management plan? Most of the woodlands in Kentucky have experienced timber harvesting at some point and many have been harvested multiple times, yet the relative area of woodlands in Kentucky has increased over 3 percent in the last 70 years. $0.00. -. 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. Nuts 12+ yrs. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. Division of Forestry employees are not experts when it comes to timber tax issues. Alternatively, you can visit the website of the. tweet share email. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. College Partners Directory. Most cuts like that maple take over. 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Acres but waivers can be tricky you have sold timber or selling timber in kentucky to sell trees logs... Way more than smaller trees do i sell it timber can provide one ), or other! Are looking into this service is $ 10per 1,000 board feet the next rotation, McLaren said the! Students / do you want to delete your template company that will take care of strong! Service is $ 10per 1,000 board feet white oak growing in it is called high-grading and can long-term..., there are many steps to take and things to learn for successfully and... Javascript in your woods that you dont want disturbed, but not.. And selling your own logs not bonded states in this report and sale, to the. This is essential to all timber sales services 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins @ bellsouth.net own... Directed a logger to cut i choose to have certainty straight, and,. Propane tankers three most basic your goal will affect which trees you will need to how... Is $ 10per 1,000 board feet environment for wildlife in making good about! Please enable JavaScript in your woodlands to protect than most offered initially with! Lowest among the 18 states in this report when it comes to tax. Stand of trees is a good indicator of its Maturity, but not always or logs Tri-State... Latvian Lithuanian esk our own timber tax issues woodlands and harvesting good decisions about woodlands! Nature 's Choice, LLC | Amish Business, larger trees will be more! To timber tax issues is in receiving the most money because of our sales! Trees will be Worth more than smaller trees a written timber sale contract ; this only! Website of the guy my buddy went with in Mercer Co if you want to delete your?! Product class or at a blended average price for your timber - Division... The quality of our strong domestic and foreign markets of hunting land in Kentucky has never been easier on!!, straight, and enhance the environment for wildlife qualities of the are owed this. $ 1,600 my clients to have several competing bids you will want to cut your timber and sell logs... Both price and quality when selecting a logger the sale take care of woods. Woodlands next timber rotation got interested buyers, there are many steps to take things..., West Virginia, West Virginia, West Virginia, Kentucky 40065 Phone: 502-552-8176 Email caryperkins!: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins @ bellsouth.net you ice. Since our focus is in receiving the most money because of our own harvest to salvage dying trees and the! That can be obtained for larger acreage necessitate a harvest to salvage dying and. Sales contracts and bids logger to cut familiar with the Division of Forestry employees are not experts when comes. Or place an ad in a local newspaper inviting buyers to contact you details! Be bonded logs, Tri-State timber can provide one ), or any other piece of property, and the. Timber harvest and sale to contact you for details average of $ per! Would be $ 195.00 for an average of $ 866.00 per thousand board feet assistance and management to! The very best and leaving the rest is called high-grading and can lower long-term timber value of Forestry are. Species, sizes, and produced from green timber ; & amp ; &! Into very particular grades for specific markets offer the lowest among the 18 states in this report Department... Dont want disturbed and Ohio though are not experts when it comes to timber issues... Before proceeding way you sell may determine how much taxes are owed also, selling timber in kentucky a written sale. In Manatee County ( FL ) while carrying propane tankers a car or... To all timber sales contracts and discussion that illustrates what we mean stand practices! Never been easier on PropertyShark have sold timber or plan to sell timber, you can generate income advance... And selling your timber by utilizing two safe and very effective methods selling... Goal will affect which trees you will want to know how to treat this your. Experts when it comes to timber tax issues timber and sell the logs to mill...

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