All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. (30-130 yrs. ultimately responsible for water quality protection on their land. Diffantly get more that one person to look at it. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. sweetgum). Flooring and cabinet manufacturing is likely the reason for this steady demand. 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. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. Once youve got interested buyers, there are a few different ways the sale process can go. Click here for the 2022 Tax Tips for Forest Landowners.. There are several steps you should follow before selling your timber. Everyone talking money don't let them ruin your forestland. 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. 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. 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. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. This service is limited to 50 acres but waivers can be obtained for larger acreage. What Is My Timber Worth, and How Do I Sell It? 2023 Tri-State Timber, LLC. We are not middlemen or brokers, so we can pay top dollar for your trees. Once your timber is marked, you need to prepare a bid for advertised timber contract. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . 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. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Tri-State Timber is a leading producer of veneer and high quality logs. Now we are workin hard to try some other options to try to regenerate more oaks. The contract price was $15,000. This is for at least five possible reasons. 2. Hi Aaron: Demand of hickory has improved over the last year. 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. The data also show there are differences with respect to the species that are being harvested. EN. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. How Can a Forester Help? 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. and "What's the best way to sell my trees?" 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. You can learn about the numerous timber sale resources they have available by visiting here. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? 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. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. pertaining to the timber sale and the protection of property in the contract. How the payment is to be made. Pulpwood* 10-20 yrs. I do not charge for our initial meeting. Fundamentally, steps 1 through 8 are all about being prepared and informed. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. 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. 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. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. If youve decided to harvest and sell some of your timber, heres what you need to do: Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. 279 Shaw Station Road Leitchfield, KY 42754. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? Pulpwood* 30-50 yrs. 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. 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. Research / I do not sell timber on the shares method. Decided to go with Maple which was still $3.30/BF. Documentation of landowner to retain all rights to carbon credits. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. 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. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Philanthropy & Alumni 1. I would say you got lucky. We make selling timber easy. 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. See below. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. 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. Logs (lumber and veneer) 40-80 yrs. We are buying trees for our sawmill. 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. Mills bid on the logs on site. Research / tweet share email. Advise landowners about timber trespass laws. Provide samples of timber sales contracts and bids. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. In an effort to give you an idea of the sale process, let me describe it to you. This type of timber sale is referred to as selling stumpage. DON'T SELL UNLESS EVERYTHING IS IN WRITING. kraig@kentuckylandandtimber.com 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. Conduct an inventory of the trees for sale by species, number, quality and volume. This price was not only the lowest in the region but also the lowest among the 18 states in this report. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. 3. Likewise, larger trees will be worth more than smaller trees. For example, take a log of 16 inches diameter x 16 . Your goal will affect which trees you will want to cut. 2. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Logs 40-80 yrs. We are buying trees for our sawmill. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. I do know that the amount he ended up getting was way more than most offered initially. The physical boundaries include the edges and corners of your woods. Click here for the 2022 Tax Tips for Forest Landowners. 859-257-4772, Students / Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Selling timber. Select cut after select cut tend to lead to a maple dominated forest. . Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. Sell your timber by bids. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. 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. Master loggers must complete the Kentucky Master Logger Program (KML) and learn how to operate efficiently within the framework of constantly changing environmental and safety regulations. Selling timber is like that toothere are several steps to the process, many of which may be new to you. Most of ours is maple beech due to the same type of cutting several times. Depending on what you have growing on your land, you'll have a different value. Overly mature, older trees will die of old age, diminishing the value of the forest. Pulpwood* 20-30 yrs. 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. How Do I Determine What Trees to Cut? When to claim depletion. 4. We not only take care of your property, we also pay you top prices for your trees. Performing this action will revert the following features to their default settings: Hooray! Read this first. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. 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