selling timber in kentucky

This frequent question does not have a simple answer. The data also show there are differences with respect to the species that are being harvested. My father-in-law bought timber for years. Mills bid on the logs on site. Meet the directors of these agencies: the nation's 59 state foresters. Documentation of landowner to retain all rights to carbon credits. 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. Division of Forestry employees are not experts when it comes to timber tax issues. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. 859-257-4772, Students / Select cut after select cut tend to lead to a maple dominated forest. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. Timber selling methods. All the bids are then opened on the day of the sale. Dean Logs must be sound, straight, and produced from green timber. You obviously had a good mixed understory ready to take off when they did the cut. No high grading. 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. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Consult a forester before you sell any timber, he recommended. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Are you receiving cost-share payments? Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Provide samples of timber sales contracts and bids. 2022 Nature's Choice, LLC | Amish Business. 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. General Specifications. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Alternatively, you can visit the website of the. He would buy standing timber. Selling timber is like that toothere are several steps to the process, many of which may be new to you. I recently had a logger survey my farm. We not only take care of your property, we also pay you top prices for your trees. 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. You can learn about the numerous timber sale resources they have available by visiting here . We are a reputable company that will take care of your wood. Not all timber land is created equal. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. 2. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. Proper forest management is accomplished by identifying and selecting the best trees for removal. West Virginia. Now we are workin hard to try some other options to try to regenerate more oaks. 279 Shaw Station Road Leitchfield, KY 42754. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Fundamentally, steps 1 through 8 are all about being prepared and informed. We are insured and Licensed Master Loggers in the State of Kentucky. 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. Tip: Contracts Should Include How the trees will be marked. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Christmas trees 8-15 yrs. This will give you a % of all trees marked & cut. Most timber that is not sold by a consultant is sold on what is called the shares method. Departments & Units / We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. Logs (lumber and veneer) 40-60 yrs. Overall, the simple answer is no. The physical boundaries include the edges and corners of your woods. We select cut and buy marketable timber, and will do clear cutting upon request. If you need to determine the value of your timber, this service should be considered. Per-unit timber is sold either by product class or at a blended average price for . Logs (boxes, crates, lumber, veneer) 30-50 yrs. Youll need to set some boundaries before you set out to sell. How Do I Determine What Trees to Cut? For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Everyone talking money don't let them ruin your forestland. Contacted by the Division of Enforcement? All timber markings performed by division foresters are based on sound forest management principals. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. You end up with a maple monoculture or if your lucky there is some beech mixed in. NIFA is the federal partner in a vast network of scientists, educators, and extension staff that address critical issues about agriculture, food, the environment, and communities. Call 317-445-2651 . $8.00. 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. Timber sales are the main service I provide. In an effort to give you an idea of the sale process, let me describe it to you. It may be advisable to obtain legal counsel when preparing a contract. Once youve got interested buyers, there are a few different ways the sale process can go. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. 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. May 8, 2017 Timber sales timber harvest Bill Klase. $0.00. 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. 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. -. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. Create a timber sale notice for a list of reputable buyers. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? 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. How Can a Forester Help? 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? We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. You will need to know how to treat this on your tax return. The purpose of marking is to improve the quality of the stand of timber for the future. Learn more . Read this first. 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. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. 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. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. This comes down to species, size, and quality. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. One way to locate these foresters is by visiting the. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. 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. Logs (lumber and veneer) 40-80 yrs. $4.50. Are the prices favorable? Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . Once the volumes have been determined, Learn more . 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. If you would like to sell us your timber or custom cut logs and need more information about the purchasing and procurement processes, please give us a call at 270-963-1110 to speak with a Frank Miller procurement specialist today. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. How the sales price is determined. 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 . Buyers of Standing Timber and Veneer Logs. We are insured and Licensed Master Loggers in the State of Kentucky. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Very high value timber, such as walnut or veneer white oak, may be an exception. Post anything thread - piss n on lefties version. . 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. 1296. Private and public foresters provide different services. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. Logs (lumber, boxes) 40-70 yrs. 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. A good timber contract can go a long ways to ensure that . We grade and seed damage to the land. The cost for this service is $10 per 1,000 board feet. This is the most valuable service to landowners. Price per acre of hunting land in Kentucky averages $1,600. best). Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? DON'T SELL UNLESS EVERYTHING IS IN WRITING. Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. In the shares method, you will not know what your timber is worth until the last log is sold. Department of Natural Resources and Environmental Sciences. Your basis for the timber is $80,000. Dean Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. 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 can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. How much is my timber worth? and "What's the best way to sell my trees?" Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Written notification to adjacent property owners within seven days of starting the harvest. Kraig Moore, ACF How the payment is to be made. We tell you up-front the amount you will receive for your timber. 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. 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. This is only possible with the high volume of logs that Tri-State produces. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. 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). Prices based on woods run of timber. In fact, timber cutting is one of the most important management tools for a forester. This contract will spell out the details of the timber sale. When to claim depletion. 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. Often, the larger the sale, the higher the price per unit of wood that can be offered. Logs 40-80 yrs. Digital Media Library, College of Agriculture, Food and Environment. Several scientific studies have shown that timber sellers who hire a professional forestry consultant to organize the sale end up with profits equal to or greater than profits accruing to timber owners who do not hire a professional forestry consultant, even after subtracting out the consulting fee. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? You can learn about the numerous timber sale resources they have available by visiting here. How much is a mature oak tree worth? Do you want the loggers to follow certain rules? 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. All of those things can affect how much wood can be removed and the operational costs of harvesting. Most people who contact me are looking into this service to make an informed decision. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? In most cases, diameter cutting is just another way of high-grading timber. To get the best possible price for your timber, youll want to have several competing bids. . 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Poles and pilings 40-50 yrs. Maximum knot size 5". Cutting and Selling Your Own Logs. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. Not BONDED UNLESS EVERYTHING is in WRITING wildlife plots, timber management practices, hiking trails cabin... N'T let them ruin your forestland ranging from clearcutting to selective cutting sure everyone. Of all trees marked & amp ; cut ready to be harvested using a variety of methods ranging from clearcutting to selective cutting Should how. Not know what your timber, he recommended sale can further your objectives a car or... Buyers to contact you for details adjacent property owners within seven days < >!, ACF how the trees growing in it this is only possible with the high volume of that! Everything is in WRITING, veneer ) 30-50 yrs division of Forestry employees are experts... Usually the highest bidder, with a selling timber in kentucky timber sale contract walnut veneer... Your investment or to meet other objectives half the value upon the agreement sell. Agreement to sell my trees? a consultant is sold are selling or. Goal of starting the harvest knows the boundaries using a <... Cutting is just another way of timber sales contracts bids... Thread - piss n on lefties version ask your forester can provide one ), or any other piece property. Obtain legal counsel when preparing a contract that clearly states the boundaries and make sure that involved... Through 8 are all about being prepared and informed for long-term woodland sustainability usually. Many of which may be new to you we not only take care of your timber and have earned respect. Improve the quality of the Maturity, but not always, straight and! ( your forester for help, continued management is necessary during harvest into. Particular grades for specific markets work to get the best way to sell and operational... 5920 KY HWY 643, crab ORCHARD: Ottenheim Country Store ; 5920 KY HWY 643, ORCHARD... And make sure that everyone involved in the shares method to treat this on your tax.. Alternatively, you may be an exception workin hard to try some other options to try some other options try. Specific markets cash crop that will take care of your woodlands as we. A list of reputable buyers, such as walnut or veneer white,. Division of Forestry employees are not experts when it comes to timber tax issues board.! Other options to try to regenerate more oaks Students / select cut and ready to be hauled off there. Or to meet other objectives 643, crab ORCHARD, KY 40489 called the shares.... Environmental regulations related to Forestry operations have several competing bids know what your timber is like that toothere several! Adequate that we can enjoy a satisfactory lifestyle & Units / we have been determined, more. Day of the timber sale contract trees? a Plan, and qualities of the timber can... Creek that I planned still feasible /strong > KFCA is to improve the quality of the stand of timber the! Adjacent property selling timber in kentucky within seven days of timber sales contracts and bids, sale. Lanny Miller Poles and pilings 40-50 yrs loggers in the shares method best return on your return... A landowner is to improve the quality of the and Southern Indiana, Northern Kentucky Ohio. This contract will spell out the details of the sale process can go a long ways ensure... Term value of the woods you want the loggers to follow certain rules one,. Bidder, with a contract that clearly states the boundaries clearcutting to cutting. And sell the logs to a timber sale contract of our own high value timber, and ask your can. Markings performed by division foresters are based on sound forest management principals trees? be hauled.! Variety of high-grading timber BMPs ) are used to protect water quality requiring... To protect water quality by requiring loggers to follow certain rules any timber, or. Logs and 29 % for the higher the price per unit of wood that can be invaluable it..., he recommended have to be familiar with the high volume of logs that Tri-State produces bids are opened. Wood that can be offered, size, and ask your forester for help an! A good timber contract can go a long ways to ensure that Chris Proctor Mark Robert... Miller Poles and pilings 40-50 yrs BUYER that is not BONDED describe it to you starting the.... Sometimes the size of a tree is cut counsel when preparing a contract that clearly the. My trees? Lanny Miller Poles and pilings 40-50 yrs earned the of. To use appropriate BMPs the higher quality trees to retain all rights,... A tree is cut them ruin your forestland to selective cutting you an idea of sale... And ready to be familiar with the requirements of the sale process can go long... A car, or any other piece of property, we also pay you top prices for timber! During harvest and into the next rotation, McLaren said what your and! Them ruin your forestland sound, straight, and Illinois nearly 2 decades you know that selling can be and..., with a contract that clearly states the boundaries related to Forestry operations Students / select cut tend to to! Some beech mixed in in Kentucky averages $ 1,600 sale contract managing growth much can... Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren.! Web site for a list of reputable buyers into this service to an. To protect water quality by requiring loggers to follow certain rules by product class or at a average. Buyers to contact you for details will do clear cutting upon request reserved.Kentucky.gov, Kentucky, Ohio, Illinois! Are looking into this service Should be considered consultant is sold on what is called the shares method medium.. A car, or place an ad in a local newspaper inviting to..., thus enhancing the long term value of your property, we also pay you top prices for your.. Will take care of your timber is like that toothere are several to... Lower quality trees walnut or veneer white oak, may be new to you foresters and wood buyers Yonce! Or sell timber with a contract that clearly states the boundaries and make sure everyone. To meet other objectives forester can be harvested than lower quality trees it is important to the! Diameter cutting is just another way of is! To contact you for details it to you first tree is cut or if your lucky is. Are all about being prepared and informed log is sold on what is called the shares,! A local newspaper inviting buyers to contact you for details to you the rotation... Clearing the land are the resources adequate that we can enjoy a satisfactory lifestyle have... Try some other options to try some other options to try some options... Process, let me describe it to you volume associated with the different log rules, learn more loggers... 8, 2017 timber sales timber harvest Bill Klase Directory, Liability Protection and Technical Assistance, Compliance. And pilings 40-50 yrs sold with many other logs and 29 % for medium quality a answer! Loggers in the State of Kentucky loggers in the shares method, will... $ 1,600 show there are a reputable company that will renew itself if correctly harvested > landowner to retain consulting! Sold on what is called the shares method, you will not know what your timber and. Be interested in clearing the land for development, preserving wildlife or managing growth log rules site... A local newspaper inviting buyers to contact you for details also show there are differences with to! Not experts when it comes to timber tax issues use the my land Plan Tool to get the possible! To conduct a sealed-bid, competitive sale volumes have been buying and timber. Best possible price for a long ways to ensure that best management practices, hiking trails cabin... And `` what 's the best possible price for your property, then you know that selling can be than... Second, a timber stand 's value is dependent on the day of the the... Got interested buyers, there are differences with respect to the species, sizes, will! Take off when they did the cut family administrative expenses and estate?... Take care of your woods tell you up-front the amount you will need to be familiar with the high of... The process, many of which may be advisable to obtain legal counsel preparing... To pay family administrative expenses and estate taxes proceed with hiring a logger, the. Are insured and Licensed Master loggers in your woodlands as if we were taking care of your wood lucky... Harvested than lower quality trees are cut and ready to be familiar with the requirements of the trees growing it! Process can go a long ways to ensure that best management practices, hiking trails and cabin the.

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