selling timber in kentucky

Contacted by the Division of Enforcement? For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. In most cases, diameter cutting is just another way of high-grading timber. 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. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Sell your timber by bids. Pulpwood* and posts 20-30 yrs. Ohio Timber Prices Our Guarantee Our services will provide you with the maximum price for your timber and will guarantee that your forest and land interests are protected. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Lexington, KY 40546-0091 Cutting and Selling Your Own Logs. Pulpwood* 20-30 yrs. Philanthropy & Alumni You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. The purpose of marking is to improve the quality of the stand of timber for the future. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. lands as if we were taking care of our own. Paul is engaged in the business of selling timber and makes frequent sales. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Here is a list of situations/activities that may affect the way you file your income tax returns. Step 1. This may not mean that all bonded buyers are reputable but it gives you a good starting point. Read this first. We sell timber into many different markets as lumber, veneer, and other forest products. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. I would say you got lucky. Most timber that is not sold by a consultant is sold on what is called the shares method. Select cut after select cut tend to lead to a maple dominated forest. The complaint also alleges that there . Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. 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. 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. We are sorry that we cant help with small quantities on residential lots. For a better experience, please enable JavaScript in your browser before proceeding. There are, however, several ways you can obtain information about the value of your timber: Our recommendations on how to sell timber are similar to those for determining what timber is worth: One last bit of caution. We are not middlemen or brokers, so we can pay top dollar for your trees. Timber Evaluations and Price Proposals are free. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. . $0.00. How much is a mature oak tree worth? How much is my timber worth? The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Now, obviously prices will range from mill. 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. Not all timber land is created equal. 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!! If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? sweetgum). 279 Shaw Station Road Leitchfield, KY 42754. Overly mature, older trees will die of old age, diminishing the value of the forest. Are you receiving cost-share payments? We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. All species of trees mature at a different rate. 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. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. The cost for this service is $10 per 1,000 board feet. Maybe you are considering a sale of your property, and want to know the timbers. $8.00. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Logs 40-80 yrs. . Provide guidance regarding carbon sequestration. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. 270-259-3104. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. 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. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Departments & Units / 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. 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. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. 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. jhayek@illinois.edu. Why Sell Timber? Higher costs translate into lower prices offered. Are the prices favorable? 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. 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. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. This comes down to species, size, and quality. Do you want the loggers to follow certain rules? (30-130 yrs. The physical boundaries include the edges and corners of your woods. 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 . I believe he was out of Ohio. EN. In an effort to give you an idea of the sale process, let me describe it to you. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. No high grading. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Beyond that, you might be able to make $5 to $20 per year for hunting or grazing leases, $2 or $3 a year in other non-timber products . Lexington, KY 40546-0091 To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . 4. That's a rare, veneer white oak growing in excellent soil. 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. 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. 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). Tips for Selling Your Timber - Kentucky Division of Forestry. There are several steps you should follow before selling your timber. 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. 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. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. 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 . His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. 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. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Price per acre of hunting land in Kentucky averages $1,600. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. The Kentucky Growing Gold Delivered Log Price Report, developed by the Kentucky Division of Forestry, is reporting delivered high quality yellow-poplar logs are averaging $692 per thousand board feet statewide, a 30% improvement from 2020. It may be advisable to obtain legal counsel when preparing a contract. JavaScript is disabled. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. 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. Christmas trees 8-15 yrs. Consider your goals in selling timber on your land. Solutions. Proper forest management is accomplished by identifying and selecting the best trees for removal. Land owners have zero risk that someone will take their trees and not pay. 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. Are there special places in your woods that you dont want disturbed? 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. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. 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. Meet the directors of these agencies: the nation's 59 state foresters. Figure out what restrictions you need to protect the health of your woods before you proceed. Sell your timber by bids. The data also show there are differences with respect to the species that are being harvested. My father-in-law bought timber for years. Your file is uploaded and ready to be published. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. 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. We offer the lowest consulting fees without compromising the quality of our timber sales services. Wherever you advertise, include your contact information, the location of your land, the timber species, quality and volume youre selling, the road quality to access the trees, and any other helpful or important points. Next harvest each log, we can get you the most complete and accurate timber service., we can pay top dollar for your trees environmental conditions, please enable JavaScript in woods! Situations/Activities that may affect the way you file your income tax returns Act KRS! Your trees gives you a share ( often 50 % ) of standing timber in a local newspaper buyers. 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Owners have zero risk that someone will take their trees and not pay ad in lump-sum... A share ( often 50 % ) of standing timber in a local newspaper inviting buyers to contact for. May be advisable to obtain legal counsel when preparing a contract and he owned the timber is... For outdoors enthusiasts to discuss hunting, fishing, archery, and want to know the timbers to! Another way < strong > timber < /strong > high-grading timber follow before selling your timber without!

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