Overly mature, older trees will die of old age, diminishing the value of the forest. 2022 Nature's Choice, LLC | Amish Business. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. (30-130 yrs. Visit theTimber Harvesting and Salespage to learn more. May 8, 2017 Timber sales timber harvest Bill Klase. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. 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. How much is a mature oak tree worth? Logs 40-60 yrs. Often, the larger the sale, the higher the price per unit of wood that can be offered. Pulpwood* 20-30 yrs. Logs (handle stock, lumber) 40-70 yrs. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Figure out what restrictions you need to protect the health of your woods before you proceed. You want to know and mark these to avoid disagreements with your loggers and your neighbors. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. 2022 Commonwealth of Kentucky. An Official Website of the Commonwealth of Kentucky. Research / With over 72 years of combined forestry experience, our Ohio consulting foresters specialize in timber sales and forest management services in Ohio, Kentucky and West Virginia. You must log in or register to reply here. Read this first. Philanthropy & Alumni Youll need to set some boundaries before you set out to sell. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. How will retirement affect our timber investment income? Do you want them to use existing roads or build new ones? We not only take care of your property, we also pay you top prices for your trees. So when you sell timber, give Tri-State Timber a call. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? Once the cutting begins, make several visits to your woods or ask your forester to check on them, to make sure the harvest is going as you agreed. It may be advisable to obtain legal counsel when preparing a contract. 4. Christmas trees 8-15 yrs. Very high value timber, such as walnut or veneer white oak, may be an exception. 2023 Tri-State Timber, LLC. 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. In the shares method, you will not know what your timber is worth until the last log is sold. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. 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. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. 1. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. 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. If you need to determine the value of your timber, this service should be considered. The physical boundaries include the edges and corners of your woods. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. First, you can call on the free or low-cost services of state or university personnel. 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. Contacted by the Division of Enforcement? : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. *Prices shown are based on per ton stumpage price. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. No seams, splits, rot, shake, or double hearts. 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. Logs (lumber and veneer) 40-80 yrs. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. Your file is uploaded and ready to be published. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. 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. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . A good timber contract can go a long ways to ensure that . Have you taken steps to minimize death taxes? There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. 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. We tell you up-front the amount you will receive for your timber. 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. Tri-State Timber is a leading producer of veneer and high quality logs. The purpose of marking is to improve the quality of the stand of timber for the future. 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. One way to locate these foresters is by visiting the. 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. I will mark or inventory your timber in preparation for a sale. If you've decided to harvest and sell some of your timber, here's what you need to do: Step 1: Get helP Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. Department of Natural Resources and Environmental Sciences. 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. . What Is My Timber Worth, and How Do I Sell It? Logs (lumber, boxes) 40-70 yrs. 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!! Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Extension / College Partners Directory. Pulpwood* 15-25 yrs. I choose to market your timber by utilizing two safe and very effective methods. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Nuts 20+ 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. Written notification to adjacent property owners within seven days of starting the harvest. Pulpwood* and posts 15-30 yrs. Partnerships are integral to NIFA's mission. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Are you receiving cost-share payments? We begin by meeting to view your timberland. Pulpwood* and posts 15-25 yrs. I do not sell timber on the shares method. Do you want the loggers to follow certain rules? The query tool uses dropdown menus to make choices. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. 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. 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. Digital Media Library, College of Agriculture, Food and Environment. 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. 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. 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. 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? Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. Sell your timber by bids. Not all timber land is created equal. Additionally, a professional forester can provide a wealth of information about timber sales contracts, the bidding process, carbon sequestration programs and the Timber Trespass Law made effective in 1994 under KRS 364:130. Marketing timber is difficult when your knowledge of the resource is limited. -. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. Diffantly get more that one person to look at it. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. 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. Sitting here in our offices of Research Triangle Park, North Carolina, it would be difficult for us to estimate what your timber or logs are worth. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. This contract will spell out the details of the timber sale. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. He would buy standing timber. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Maximum knot size 5". 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. Decided to go with Maple which was still $3.30/BF. Contacted by the Division of Enforcement? sweetgum). The value of your timber is linked to various factors such as tree species, size, the status of health, how many you have on your property, how easy (or difficult) they are to reach, and the market conditionsjust to name a few. 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