Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. Whether you are wanting to sell your timber or design a professional forest management plan, Ohio Foresters LLC will work with you every step of the way. 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. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. What Is My Timber Worth, and How Do I Sell It? Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. Nuts 20+ yrs. . There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. 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. I would say you got lucky. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. 1296. Logs 40-79 yrs. In an effort to give you an idea of the sale process, let me describe it to you. 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. LOG LENGTH: 8'8" & 17'6". The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. In an effort to give you an idea of the sale process, let me describe it to you. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. Are timber sales good for turkey hunting? In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. (75-225 yrs. How can I transfer the knowledge and experience gained from managing the land to my family? We are insured and Licensed Master Loggers in the State of Kentucky. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. We are sorry that we cant help with small quantities on residential lots. Cutting and Selling Your Own Logs. Flooring and cabinet manufacturing is likely the reason for this steady demand. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Fundamentally, steps 1 through 8 are all about being prepared and informed. 317- 445-2651 . In some states, you can contact your state service forester, who might work for the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Megamenu; Timber Prices. tweet share email. Second, you can contact a professional forestry consultant. Partnerships are integral to NIFA's mission. HOME; About Us; 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. Tip: Contracts Should Include How the trees will be marked. They love a "select" cut which they take all the good and leave all the bad. pertaining to the timber sale and the protection of property in the contract. Steps to Marketing Timber. 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. 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 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. Have you taken steps to minimize death taxes? Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. 2022 Commonwealth 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. Pulpwood* 20-30 yrs. Provide samples of timber sales contracts and bids. 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. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. 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. Often, the larger the sale, the higher the price per unit of wood that can be offered. Delivered Wood Price Benchmarks; . 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. For example, take a log of 16 inches diameter x 16 . Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. 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. Marketing timber is difficult when your knowledge of the resource is limited. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Logs 40-80 yrs. 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. Private and public foresters provide different services. 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). 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. Logs 40-60 yrs. Dean The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. Prices based on woods run of timber. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Posts 20-30 yrs. There are two methods of selling timber. Pulpwood* 15-25 yrs. 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. 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. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. Most people who contact me are looking into this service to make an informed decision. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . 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. Consider both price and quality when selecting a logger. Research / This is only possible with the high volume of logs that Tri-State produces. This service is limited to 50 acres but waivers can be obtained for larger acreage. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . I recently had a logger survey my farm. 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You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Wondering about the possibility of selling individual trees from your yard or small acreage tract? College Partners Directory. It may be advisable to obtain legal counsel when preparing a contract. Logs (lumber and veneer) 40-80 yrs. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Your file is uploaded and ready to be published. Likewise, larger trees will be worth more than smaller trees. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. 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. The land prices in Indiana and Ohio though are not unfairly gauged, though. Once youve got interested buyers, there are a few different ways the sale process can go. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. . Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Learn more about your timber sale contract here. You will need to know how to treat this on your tax return. Logs (lumber and veneer) 40-60 yrs. Seek the advice of a professional forester. When to claim depletion. Are there special places in your woods that you dont want disturbed? 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. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Logs (lumber and veneer) 40-80 yrs. Pulpwood* 20-30 yrs. 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. How Do I Determine What Trees to Cut? Professional foresters can help you plan your timber harvest and sale. Your timber will be on the market for approximately 30 days. Mark your property lines This will give you a % of all trees marked & cut. 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. Timber Evaluations and Price Proposals are free. -. Proper forest management is accomplished by identifying and selecting the best trees for removal. Overly mature, older trees will die of old age, diminishing the value of the forest. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Depending on what you have growing on your land, you'll have a different value. We are not middlemen or brokers, so we can pay top dollar for your trees. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Extension Specialist, Forestry. Posts 25-35 yrs. Logs (handle stock, lumber) 40-70 yrs. No seams, splits, rot, shake, or double hearts. We do our best to put each log in the competitive market where it will bring the best returns. The forest is a complex natural system. 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. "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. How will retirement affect our timber investment income? 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. Pulpwood* and posts 20-30 yrs. We begin by meeting to view your timberland. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. 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 the sales price is determined. 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. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Hi Aaron: Demand of hickory has improved over the last year. 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!! SHOW LESS . 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. Are you sure you want to delete your template? Division of Forestry employees are not experts when it comes to timber tax issues. 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. . If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. DIAMETER: 9" Minimum 30" maximum on Butt End. So when you sell timber, give Tri-State Timber a call. 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. Logs (lumber and veneer) 40-80 yrs. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Selling timber is like that toothere are several steps to the process, many of which may be new to you. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. This is the most valuable service to landowners. 859-257-4772, Students / Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? There are many steps to take and things to learn for successfully cutting and selling your own logs. 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. 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. We grade and seed damage to the land. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Christmas trees 7-10 yrs. Bowling Green, KY 42103 To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. There are many reasons why a landowner might choose to sell timber. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. Each timber sale is unique, so provisions of each contract may vary. Provide guidance regarding carbon sequestration. best). Selling timber. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. 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. Timber selling methods. 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. 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. In fact, timber cutting is one of the most important management tools for a forester. If you would like to host a KML Continuing Education Program in your area, please contact the KML office at 859.257.6230 or 1.800.859.6006 and we will be happy to assist you with the necessary forms and submittals. There are several steps you should follow before selling your timber. FAIL (the browser should render some flash content, not this). 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. Use a reliable logging firm. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. 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. The service provided by the division is to assist you with implementation of your forest stewardship plan. Youll also need to decide what you want to protect. best). This contract will spell out the details of the timber sale. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. Landowners choose to conduct timber sales for a variety of reasons. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. The cost for this service is $10per 1,000 board feet. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. 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. In that case you will be fine. S123 Ag Science North (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. My father-in-law bought timber for years. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. 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. All timber markings performed by division foresters are based on sound forest management principals. . Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Contacted by the Division of Enforcement? I will mark or inventory your timber in preparation for a sale. 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. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . 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. Why Sell 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. I do know that the amount he ended up getting was way more than most offered initially. Certain types of timber (i.e. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. 1. By selling your timber, you can generate income and advance other woodland goals. Select cut after select cut tend to lead to a maple dominated forest. 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. 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. 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. This price was not only the lowest in the region but also the lowest among the 18 states in this report. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Chris Demers and Alan Long. 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. And sell the logs to a mill you specified selling timber in kentucky $ 20,000 s mission high of... Receive from selling your own logs: take your time with this step, otherwise you lose! The year by the Indiana tree Farmers Association three different times this contract will spell out details. That Tri-State produces ALPHA: Delbert Farmwald ; 3521 State Hwy 1009,,... And sale can be very important for your bottom line: knowing the value of money. Capital gains a landowner is to retain a consulting forester to conduct sales. 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Such as example contracts and bids only the lowest among the 18 states in report... Harvested than lower quality trees are much more likely to be harvested than quality... The dollars received as ordinary income versus capital gains Cell Phone: 502-552-8176:. Advertise to buyers: take your time with this step, otherwise you may lose out what. Over the last year use appropriate BMPs for outdoors enthusiasts to discuss,. Be offered How the trees will be on the market for approximately 30 days a cut and contract! Each log in the woods ( when you sign a cut and measure )... A call it will bring the best return on your land, you & # ;... Requires the buyer and reduce the selling price of the timber value high volume of logs Tri-State... For this steady demand a renewable resource, a closer look at the data shows that higher quality are. Their crews have been awarded logger of the timber sale is recommended selling timber in kentucky diameter x.! 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Out the details of the forest controlled by five main factors not middlemen or brokers, so can..., KY 42103 to view and print a sample contract, click sample Bid for an of! Be very important for your trees time with this step, otherwise you may lose out what.