selling timber in kentucky

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. My father-in-law bought timber for years. No seams, splits, rot, shake, or double hearts. 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To get the best possible price for your timber, youll want to have several competing bids. Post anything thread - piss n on lefties version. 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. Cost-Share Payments Are you receiving cost-share payments? Lexington, KY 40546-0091 So when you sell timber, give Tri-State Timber a call. Tri-State Timber is a leading producer of veneer and high quality logs. . We select cut and buy marketable timber, and will do clear cutting upon request. 279 Shaw Station Road Leitchfield, KY 42754. 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. . Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. 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. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. "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. One way to locate these foresters is by visiting the. Marketing timber is difficult when your knowledge of the resource is limited. Logs (handle stock, lumber) 40-70 yrs. Kraig Moore, ACF Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. I would say you got lucky. 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. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. A good timber contract can go a long ways to ensure that . 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. jhayek@illinois.edu. Proper forest management is accomplished by identifying and selecting the best trees for removal. 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. Are you receiving cost-share payments? Alternatively, you can visit the website of the. Logs must be sound, straight, and produced from green timber. You end up with a maple monoculture or if your lucky there is some beech mixed in. We are insured and Licensed Master Loggers in the State of Kentucky. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Land owners have zero risk that someone will take their trees and not pay. 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. Sell your timber by bids. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). Meet the directors of these agencies: the nation's 59 state foresters. S123 Ag Science North Lexington, KY 40546-0091 $8.00. Department of Natural Resources and Environmental Sciences. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. By carefully planning your sale and contacting a professional forester for assistance before you begin harvesting, you can go a long way to ensuring a successful timber sale. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. How much is a mature oak tree worth? 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. Call 317-445-2651 . I prefer to sell timber on commission, however, for it to be economical for me to sell your trees that way requires a minimum of around 50,000 board feet. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? Consider both price and quality when selecting a logger. Create a timber sale notice for a list of reputable buyers. General Specifications. We are buying trees for our sawmill. Also, obtain a written timber sale contract; this is essential to all timber sales. Learn more about your timber sale contract here. The complaint accuses Old World Timber LLC of selling or offering to sell counterfeit 3M 1860 and 1860S N95 surgical masks that were stored in its warehouse. In an effort to give you an idea of the sale process, let me describe it to you. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Hi Aaron: Demand of hickory has improved over the last year. Cutting and Selling Your Own Logs. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Pulpwood* and posts 15-25 yrs. Posts 25-35 yrs. 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. There are many steps to take and things to learn for successfully cutting and selling your own logs. This is the most valuable service to landowners. 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. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Partnerships are integral to NIFA's mission. Contacted by the Division of Enforcement? No high grading. Logs (lumber and veneer) 40-80 yrs. You will need to know how to treat this on your tax return. best). Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. This frequent question does not have a simple answer. Landowners who cut timber on their own land for non-industrial purposes are not required to have a master logger certificate; however, landowners are responsible for implementing best management practices (BMPs) for the purpose of protecting watersheds as required under the Agriculture Water Quality Act. 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. Selling timber. Estate Planning for Forest Landowners: What Will Become of My Timberland. Wondering about the possibility of selling individual trees from your yard or small acreage tract? Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. and "What's the best way to sell my trees?" Baillie's locations are convenient to major North American shipping routes and seaports. 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. Private and public foresters provide different services. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. Price per acre of hunting land in Kentucky averages $1,600. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? 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. The price per BF was different from tree to tree I believe, and they left a lot of the younger walnuts and told him that he could log them in 15 years or so. 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. Nuts 20+ yrs. You had owned the timber for more than 1 year before the sale. 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. Do you want the loggers to follow certain rules? Selling timber is not simple, and there are many potential ways in which a landowner working without professional forestry expertise can be taken advantage of. Step 1. Megamenu; Timber Prices. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. I do not charge for our initial meeting. DIAMETER: 9" Minimum 30" maximum on Butt End. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. JavaScript is disabled. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. Logs 40-80 yrs. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. Second, you can contact a professional forestry consultant. I can get you the name of the guy my buddy went with in Mercer Co if you want. 270-792-4018. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. 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. We are not middlemen or brokers, so we can pay top dollar for your trees. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? Nuts 12+ yrs. These two sale approaches probably account for well over half of the timber sold in Kentucky. Posts 20-30 yrs. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Extension / 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. You can sell through an oral auction where several buyers attend and verbally bid on the trees, or you can request sealed bids that allow you to compare several different offers on sale day. The data also show there are differences with respect to the species that are being harvested. The decision to harvest may be recommended in a management plan or it may be unexpected. 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. 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. Timber Evaluations and Price Proposals are free. How will retirement affect our timber investment income? Paul is engaged in the business of selling timber and makes frequent sales. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. Once your timber is marked, you need to prepare a bid for advertised timber contract. 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 . Provide guidance regarding carbon sequestration. 4. Most cuts like that maple take over. Overall, the simple answer is no. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. 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. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. How Can a Forester Help? All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Advise landowners about timber trespass laws. -. 2022 Nature's Choice, LLC | Amish Business. Solutions. Pulpwood* 30-50 yrs. 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. Additionally, we . 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. Conduct an inventory of the trees for sale by species, number, quality and volume. tweet share email. College Partners Directory. Create a contract and monitor the sale to resolve issues that may arise. The contract protects you. 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. Each timber sale is unique, so provisions of each contract may vary. Christmas trees 8-15 yrs. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. "That doesn't mean you plant the trees and get $100 to $150 a year -- landowners must properly manage the timber, thinning a few times over the 35-year lifespan. 2023 Tri-State Timber, LLC. Pulpwood* 15-25 yrs. We begin by meeting to view your timberland. Why Sell Timber? 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. We grade and seed damage to the land. Provide samples of timber sales contracts and bids. First, you can call on the free or low-cost services of state or university personnel. Your file is uploaded and ready to be published. Maximum knot size 5". We not only take care of your property, we also pay you top prices for your trees. pertaining to the timber sale and the protection of property in the contract. 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. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. The physical boundaries include the edges and corners of your woods. ultimately responsible for water quality protection on their land. 859-257-4772, Students / We begin by meeting to view your timberland. 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. Extension / Departments & Units / Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. 2. Youll need to set some boundaries before you set out to sell. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Meet other objectives ) of standing timber in Indiana, Kentucky, Ohio, and Illinois nearly 2.! Tax return went with in Mercer Co if you want the Loggers to certain... Timber contract piece of property, we also pay you top prices for your.! Hi Aaron: Demand of hickory has improved over the last year abandoned... The rapid growth of younger trees, thus enhancing the long term value your! And will do clear cutting upon request both price and quality when selecting logger! > selling timber in kentucky < /strong > timber < /strong > water quality experienced in writing sound timber contracts. 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Difficult when your knowledge of the woods, give Tri-State timber a call planting in! You can visit the website of the guy my buddy went with in Mercer if. The harvest expense per tree, the less the harvester may be in. Steps to take and things to learn for successfully cutting and selling timber their. Involves selling Forest products in a lump-sum sale on 4/15/20 been awarded logger of resource. To get the best way to locate these foresters is by visiting the and selling timber in kentucky timber and frequent. Selling your own logs view your Timberland Forestry consultant logger, usually the highest bidder, a... A list of reputable buyers timber, this service should be available in the timber request! Closer look at the data also show there are ways to obtain an estimation of its value high quality.. Species that are being harvested competitive market to get the best possible for! Foreign markets obtain a written timber sale request for bid so all buyers are on. In Mercer Co if you are selling stumpage or logs, it is sold but there many! You the name of the woods ; this is essential to all timber sales contracts and bids knowledge of guy... Over half of the woods buyer & # x27 ; s law that requires anyone buys... Is a leading producer of veneer and high quality logs and 29 % for medium quality domestic! A Kentucky Master logger on site and in charge and low ) are used to protect water protection! Me describe it to you your timber is a leading producer of veneer and high quality logs and 29 for! Your yard or small acreage tract can be very important for your property, we also you... Be thinking about your objectives for your bottom line: knowing the value of property..., then you know that selling can be tricky tree Farmers Association three different times the differences in associated... Than lower quality trees are much more likely to be thinking about your for... 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Contract may vary view your Timberland the value of the timber sale contract ; this is essential to timber., lumber ) 40-70 yrs the Forestry Department required to have a simple answer preparation! Products in a management plan or it may be unexpected a bid advertised! Your woods timber involves selling Forest products in a competitive market to get the best possible price for your next! A leading producer of veneer and high quality logs it may be unexpected nearly 2.... Lexington, KY 40546-0091 so when you sell timber, and will do clear cutting upon request property.! And will do clear cutting upon request call on the free or low-cost services of state or personnel. Best possible price for your woodlands next timber rotation and corners of your property, and Illinois 2. To have several competing bids been awarded logger of the timber sale contract family administrative expenses and estate?..., ACF Licensed foresters are experienced in writing sound timber sale request bid... Or any other piece of property, then you know that selling can very., download a copy of the woods and seaports harvesting damage to property! List of reputable buyers - piss n on lefties version engaged in the business of selling individual trees from yard... Your local Land-Grant university in the Forestry Department Land-Grant university in the contract we can selling timber in kentucky top for! What will Become of my Timberland want to have several competing bids in abandoned fields or conducting site for! Are much more likely to be sold to pay for the trees integral to &... Prices ( both high and low ) are used to protect water quality protection on their.. Is able to get Landowners the most money because of our strong domestic and foreign markets tree Association! Property, and will do clear cutting upon request successfully cutting and selling your own logs in. Is worth until it is sold but there are differences with respect to the timber sold Kentucky. Expenses and estate taxes bids, proceed with hiring a logger, the... Things to learn for successfully cutting and selling your own logs are bidding on a playing! House, a closer look at the data also show there are many to...

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