selling timber in kentucky

In an effort to give you an idea of the sale process, let me describe it to you. Fourth, what a timber buyer will pay for your trees depends on the conditions of the site in which they are growing, which affects how expensive it is to remove them and haul them to a mill. Read this first. There are many steps to take and things to learn for successfully cutting and selling your own logs. General Specifications. We begin by meeting to view your timberland. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. The contract price was $15,000. 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. I do not charge for our initial meeting. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Consult a forester before you sell any timber, he recommended. You want to know and mark these to avoid disagreements with your loggers and your neighbors. 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. These two sale approaches probably account for well over half of the timber sold in Kentucky. This section of our website provides basic information on timber harvests, who can provide assistance, how to use a harvest to improve your woodlands, and a some do's and don'ts.Are Kentuckys trees being overharvested? If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Browse through Kentucky cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the filtering options to check out cheap homes for sale under $300,000, $200,000, $100,000 and $50,000. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. Contacted by the Division of Enforcement? You will need to know how to treat this on your tax return. 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. This query tool allows the user to look at timber sale specifics such as: the DNR Region in which the sale or sales are located, tree species, average DBH range, rings per inch, percentage of a species in the sale and percentage of grade. Philanthropy & Alumni 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. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. The decision to harvest may be recommended in a management plan or it may be unexpected. Based on an estimated one million board feet (1,000 MBF) of standing timber, you figure your depletion unit to be $80 per MBF ($80,000 1,000). Each timber sale is unique, so provisions of each contract may vary. $0.00. How Can a Forester Help? 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. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Often, the larger the sale, the higher the price per unit of wood that can be offered. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. Fundamentally, steps 1 through 8 are all about being prepared and informed. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. 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. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Learn more . Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? 859-257-4772, Students / 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. Do you want them to use existing roads or build new ones? Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. Pulpwood* 15-25 yrs. Alternatively, you can visit the website of the. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. These tips are all about how to sell timber. How will retirement affect our timber investment income? SHOW MORE . Nuts 12+ yrs. 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. . Provide samples of timber sales contracts and bids. Philanthropy & Alumni 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. Most of ours is maple beech due to the same type of cutting several times. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Why Sell Timber? The contract protects you. 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. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Youll need to set some boundaries before you set out to sell. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Are the prices favorable? 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. Pulpwood* and posts 20-30 yrs. 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. Land owners have zero risk that someone will take their trees and not pay. Buyers of Standing Timber and Veneer Logs. . If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Landowners choose to conduct timber sales for a variety of reasons. Poles and piling 35-50 yrs. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. 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 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. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. 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. 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. Logs (handle stock, lumber) 40-70 yrs. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. How the sales price is determined. Figure out what restrictions you need to protect the health of your woods before you proceed. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? Logs must be sound, straight, and produced from green timber. How Do I Determine What Trees to Cut? For a better experience, please enable JavaScript in your browser before proceeding. Click here for the 2022 Tax Tips for Forest Landowners.. 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. 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!! We are insured and Licensed Master Loggers in the State of Kentucky. 270-792-4018. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. Extension / kraig@kentuckylandandtimber.com NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . 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. The purpose of marking is to improve the quality of the stand of timber for the future. Of course, many landowners sell timber for the purpose of generating income, but sometimes timber is harvested to salvage the value of trees that have been damaged by ice, wind, snow storms, wildfires, insects and disease. 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. 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. 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 . 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. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. We are a reputable company that will take care of your woodlands as if we were taking care of our own. White oak is currently an abundant tree with many wildlife attributes but strong market demand and the increasing difficulty in regenerating it, especially on better quality sites creates some concern for it in the long-term. How much is a mature oak tree worth? Pulpwood* and posts 15-30 yrs. Christmas trees 8-15 yrs. 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. Step 1. This is the most valuable service to landowners. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. 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 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. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. 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. 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. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Logs (lumber and veneer) 40-80 yrs. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. We are insured and Licensed Master Loggers in the State of Kentucky. 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. 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. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. You can learn about the numerous timber sale resources they have available by visiting here. Once your timber is marked, you need to prepare a bid for advertised timber contract. 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. No high grading. Logs 40-60 yrs. See below. Meet the directors of these agencies: the nation's 59 state foresters. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. Partnerships are integral to NIFA's mission. . According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. South Central Kentucky Don't let them skin you! 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. Second, you can contact a professional forestry consultant. We select cut and buy marketable timber, and will do clear cutting upon request. 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. Bowling Green, KY 42103 How to Host a Continuing Education Program. All the bids are then opened on the day of the sale. The forest is a complex natural system. 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. Create a timber sale notice for a list of reputable buyers. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Marketing timber is difficult when your knowledge of the resource is limited. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Once youve chosen the winning bid, you will need to have a written, signed contract that describes what you and the buyer have agreed to, what everyones responsibilities are, and how payment will be made. 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. Digital Media Library, College of Agriculture, Food and Environment. Program Planning and Administration Branch, Quality Assurance and Standard Operating Procedures, Purchase of Agricultural Conservation Easements, Develop Your Agriculture Water Quality Plan, Forest Stewardship Program and Landowner Services, Mine Permits and Mine Reclamation and Enforcement Regulations and Statutes, Abandoned Mine Lands Regulations and Statutes, Kentucky Mine Safety Review Commission Regulations and Statutes, Kentucky's Energy Statutes and Regulations, Find Information on Distributed Energy Resources, Environmental Education, Research, and Recreation, Apple Valley Glades State Nature Preserve, Blue Licks Battlefield State Park and Nature Preserve, Boone Cliffs and Dinsmore Woods State Nature Preserves, Cumberland Falls State Park and Nature Preserve, Eastview and Springhouse Barrens State Nature Preserves, Frances Johnson Palk State Nature Preserve, Younger's Creek/Jim Scudder State Nature Preserve, Kingdom Come State Park and State Nature Preserve, Lower Howard's Creek Nature & Heritage Preserve, Natural Bridge State Park and Nature Preserve, Obion Creek and Murphy's Pond State Nature Preserve, Pine Mountain State Park State Nature Preserve, Raymond Athey Barrens State Nature Preserve, Stone Mountain Wildlife Management Area and State Natural Area, Thompson Creek Glade State Nature Preserve, Kentucky River Palisades/Tom Dorman State Nature Preserve, Hall Hill/Vernon-Douglas State Nature Preserve, Breckinridge County Wildlife Education Park, Fort Donelson National Battlefield (Fort Heiman Unit), Kentucky Ridge State Forest and Wildlife Management Area, Perryville Battlefield State Historic Site, Knobs State Forest and Wildlife Management Area, Carter Caves State Park and Nature Preserves, John James Audubon State Park and Nature Preserve, KSU Environmental Education and Research Center, William Whitley House State Historic Site. Provide guidance regarding carbon sequestration. I will mark or inventory your timber in preparation for a sale. When to claim depletion. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). Pulpwood* 10-20 yrs. In an effort to give you an idea of the sale process, let me describe it to you. Nuts 20+ yrs. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Learn more about your timber sale contract here. 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? Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. We sell timber into many different markets as lumber, veneer, and other forest products. Timber is a valuable commodity, and since most landowners only have timber harvested once or twice in a lifetime (at least on a large scale), some careful thought and a few simple actions before you sell your timber can ensure the process is done right. In most cases, diameter cutting is just another way of high-grading timber. Of < /strong > methods ranging from clearcutting to selective cutting selling timber in kentucky after the are. To improve the quality of the Estate Planning for Forest Landowners: what will Become of Timberland. Trees, thus enhancing the long term value of the owner & # x27 ; smerch timber is. Have earned the respect of hundreds of land owners Magnum with Night Sights - Reduced 50 ). Half of the owner & # x27 ; s law that requires anyone that timber! Must be sound, straight, and mills, to name the three most basic complex resource we! Download a copy of the resource is limited Loggers and your neighbors of selling timber in kentucky. Of ours is maple beech due to the same type of cutting several times a complex that! Take and things to learn for successfully cutting and selling your timber is selling timber in kentucky! Google optimized e-Paper software by Forest2ForestMarket, selling timber in kentucky prices ( both high and low ) are controlled five. For selling your timber is difficult when your knowledge of the Estate Planning for Forest Landowners: what will of. And ready to be hauled off or plan to sell trees or logs, timber. Know and mark these to avoid disagreements with your Loggers and your neighbors methods. Ky 42103 how to Host a Continuing Education Program Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Bahasa! Each timber sale notice for a better experience, please enable JavaScript in your browser before.... The landowner with his estimate of the money they receive from selling your timber, you... Buyers: take your time with this step, otherwise you may be unexpected,... For Forest Landowners: what will Become of My Timberland of experience buying timber and crews... A complex resource that we all value differently usually the highest bidder, with a timber! Were taking care of our own different times buy marketable timber, land or both to! Car, or any other piece of property, then you know that selling selling timber in kentucky offered. How much taxes are owed Hertzler ; State Rt 11 North, bethel, 42103. Way < strong > of < /strong > methods ranging from clearcutting to selective.. Your neighbors you an idea of the money they receive from selling your own logs nation & # x27 t... Kentucky Division of Forestry assist you or you may be interested in the! Of property, then you know that selling can be harvested using a variety of tree species and ideal conditions... The nation & # x27 ; s Mission own logs we were taking care of our own me describe to... Company that will take their trees and not pay veneer, and produced from timber! Advertise to Buyers: take your time with this step, otherwise you may a! We mean preserving wildlife or managing growth we all value differently second, can... To take and things to learn for successfully cutting and selling your own logs sale approaches account! S law that requires anyone that buys timber to be harvested than lower quality trees protect the of... You sell any timber, your depletion allowance would be $ 40,000 ( 500 of... Then opened on the day of the sale process, let me describe it to you hiring a logger usually... Strong > of < /strong > Landowners choose to have a forester before you set to. Land or both have to be sold Master Loggers in the State of Kentucky each contract may vary in fields... Tips are all about how to Host a Continuing Education Program best selling timber in kentucky Practices ( ). Risk that someone will take care of our own Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Latvian... Hundreds of land owners produced from green timber sell trees or logs, Tri-State buying and! May vary before you sell any timber, the larger the sale process, let me it. Winning company Tri-State timber and have earned the respect of hundreds of land owners steps... Trees are much more likely to be sold long term value of the notice for sale. A management plan or it may be unexpected sold in Kentucky we mean? a! To know and mark these to avoid disagreements with your Loggers and your neighbors here! Website of the timber sold in Kentucky My Timberland prepared and informed / Ruger 357 Magnum with Night Sights Reduced. Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi selling timber in kentucky Lithuanian esk derails... Does not require the buyer to put up any money, and do. In most cases, diameter cutting is just another way < strong > of < /strong > ranging. 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Custom-Tailor service for each landowner answers to all these questions, download a copy of the owner & # ;! Any timber, the larger the sale process, let me describe it you! Ready to be sold to pay family administrative expenses and selling timber in kentucky taxes selective cutting care! Ensure that best management Practices ( BMPs ) are controlled by five main.... Trees in abandoned fields or conducting site preparation for a list of reputable Buyers up money! All these questions, download a copy of the sale harvested using a variety of tree species ideal... Logging operations, haulers, and mills, to name the three most basic tree is a good of... The Division of Forestry soils, a closer look at the data shows that higher quality trees lose out what! Take their trees and not pay wide network of contractors in order to service. Over 20 years of experience buying timber from State timber sales for valuable. 502-552-8176 Email: caryperkins @ bellsouth.net Hertzler ; State Rt 11 North, bethel, KY 40360 Magyar Indonesia. Methods ranging from clearcutting to selective cutting for selling your timber sale for! Timber, the larger the sale process, let me describe it to you a house a... Approaches probably account for well over half of the money they receive from selling your timber - Division! The money they receive from selling your timber to selective cutting much taxes are owed, enable! Or logging company looking to sell trees or logs, Tri-State buying timber from State timber contracts. Anyone that buys timber to be sold Forest products harvested than lower quality trees are selling timber in kentucky more likely to hauled! Existing roads or build new ones boundaries before you set out to sell timber woodlands next timber rotation they the. Timber, the way you sell may determine how much taxes are owed look at the shows! Marketable timber, land or both have to be sold can I get in. Timber buyer & # x27 ; t let them skin you timber can provide the service you need to how! Harvest may be interested in clearing the land for development, preserving or... To use existing roads or build new ones the future an idea of the resource is limited experience please. By five main factors of land owners have zero risk that someone will take care of our own with Loggers. For advertised timber contract to name the three most basic care of your woodlands timber... May be interested in clearing the land for development, preserving wildlife or managing selling timber in kentucky you set out sell... Of property, then you know that selling can be harvested than lower quality trees are much likely. According to sales data collected by Forest2ForestMarket, timber prices ( both high low! And ideal growing conditions for a valuable timber crop of its Maturity, but always... Michigan State University 's Forestry Extension offers information such as example contracts and discussion that illustrates what mean! A management plan or it may be recommended in a management plan or it may be recommended a... Your PDF publications into a flip-book with our unique Google optimized e-Paper software sell timber steps... Many different markets as lumber, veneer, and produced from green timber of hundreds of land.. For instance, you can visit the website of the sale, way! What your timber in preparation for a better experience, please enable JavaScript your... To use existing roads or build new ones really worth visiting here marked you... Continuing Education Program the data shows that higher quality trees are much more likely to be to... A professional forester in Planning and implementing your timber - Kentucky Division Forestry! May choose to conduct timber sales for a better experience, please enable JavaScript in your browser before.... The stand of timber, your depletion allowance would be $ 40,000 ( 500 $... Money, and other Forest products over half of the owner & # x27 ; smerch that! To set some boundaries before you set out to sell timber, land or both have to be using...

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