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4. What Is My Timber Worth, and How Do I Sell It? Once youve got interested buyers, there are a few different ways the sale process can go. Private and public foresters provide different services. I would say you got lucky. This is the most valuable service to landowners. Are you receiving cost-share payments? May 8, 2017 Timber sales timber harvest Bill Klase. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? 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. Maximum knot size 5". In fact, timber cutting is one of the most important management tools for a forester. Logs (lumber and veneer) 40-80 yrs. Likewise, larger trees will be worth more than smaller trees. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . Philanthropy & Alumni Documentation of landowner to retain all rights to carbon credits. How Can a Forester Help? Step 1. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Going a step further, if you, your spouse, or both of you were to die today, what would happen to the forestland that you have worked together a lifetime to obtain? There are two methods of selling timber. . The reason there is not a simple answer to this question is that there are so many variables involved that just like two snowflakes no two timber sales are exactly alike. 270-259-3104. They can also provide guidance for establishing planting areas. This may not mean that all bonded buyers are reputable but it gives you a good starting point. No high grading. Selling cut products Do you want them to use existing roads or build new ones? Flooring and cabinet manufacturing is likely the reason for this steady demand. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. The Kentucky Forest Conservation Act (KRS 149.330 - 149.355) requires that every commercial logging operation in Kentucky have a master logger on site and in charge at all times. Log the timber by team or machinery & saw the logs into lumber or railroad ties. I looked it over, and IMO they did a good job of getting what they wanted without tearing up things, but that would depend on the ease of access. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. How to Host a Continuing Education Program. West Virginia. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. How much is a mature oak tree worth? Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. No seams, splits, rot, shake, or double hearts. Your goal will affect which trees you will want to cut. (30-130 yrs. Create a timber sale notice for a list of reputable buyers. For example, take a log of 16 inches diameter x 16 . Will sharing that income with our children serve to enrich and motivate them? Decided to go with Maple which was still $3.30/BF. Logs must be sound, straight, and produced from green timber. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. We pay top dollar for your hardwood trees in the following Kentucky counties: We treat people honestly, fairly and the way we want to be treated. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. You must log in or register to reply here. Landowners choose to conduct timber sales for a variety of reasons. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. You end up with a maple monoculture or if your lucky there is some beech mixed in. Read this first. Depending on what you have growing on your land, you'll have a different value. Most cuts like that maple take over. 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. The query tool uses dropdown menus to make choices. Partnerships are integral to NIFA's mission. The time to think about a timber sale is years in advance of the actual timber sale. 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. Learn more about your timber sale contract here. 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. I will mark or inventory your timber in preparation for a sale. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Tips for Selling Your Timber - Kentucky Division of Forestry. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. Conduct an inventory of the trees for sale by species, number, quality and volume. Pulpwood* 15-25 yrs. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. This comes down to species, size, and quality. I do not sell timber on the shares method. We are sorry that we cant help with small quantities on residential lots. Christmas trees 8-15 yrs. We tell you up-front the amount you will receive for your timber. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Chris Demers and Alan Long. SHOW MORE . We are also well positioned to serve . If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com Logs (lumber and veneer) 40-60 yrs. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service andthe Kentucky Division of Forestry shows that after factoring in mortality and all forms of removal Kentucky is growing more than twice the sawlog volume that is removed. 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. I believe he was out of Ohio. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Lexington, KY 40546-0091 Pulpwood* and posts 20-30 yrs. . 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. The land prices in Indiana and Ohio though are not unfairly gauged, though. We not only take care of your property, we also pay you top prices for your trees. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Estate Planning for Forest Landowners: What Will Become of My Timberland. I can get you the name of the guy my buddy went with in Mercer Co if you want. Most timber in Kentucky is sold on the shares method. 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. 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. Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. EN. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. How will retirement affect our timber investment income? Logs (lumber, boxes) 40-70 yrs. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Hi Aaron: Demand of hickory has improved over the last year. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Have you taken steps to minimize death taxes? Also, once logs leave your property, you cannot be assured you are paid for them. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. We grade and seed damage to the land. We are a reputable company that will take care of your wood. 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. FAIL (the browser should render some flash content, not this). There are two methods I use to market timber: This is the most valuable service to landowners. Logs (boxes, crates, lumber, veneer) 30-50 yrs. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Logs (lumber and veneer) 40-80 yrs. Research / S123 Ag Science North Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. 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. Most of ours is maple beech due to the same type of cutting several times. 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. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Do you have a forest management plan? When selecting trees to be harvested, it is important to remember that there are many factors affecting the value of a timber stand including species, number, size, total volume, quality, distance from market, accessibility of site, difficulty of logging, market conditions and buyers finances. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. First, even though statewide or regional prices can provide a taste of the level and trends of prices, what your timber is worth is somewhat dependent on local market conditions. "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. Meet the directors of these agencies: the nation's 59 state foresters. Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. Have you and a neighbor traded some woodlands for better management opportunities? $4.50. 1. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. Tips for Selling Your Timber - Kentucky Division of Forestry. Of course, many landowners sell timber for the purpose of generating income, but sometimes timber is harvested to salvage the value of trees that have been damaged by ice, wind, snow storms, wildfires, insects and disease. Cost-Share Payments Are you receiving cost-share payments? Solutions. 2. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. Provide guidance regarding carbon sequestration. 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. The complaint also alleges that there . Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. Reasons why you can confidently trust Nautres Choice, LLC to harvest your timber: We are looking to buy quantities of marketable sized hardwood timber 40 trees or more that measure at least 18 in diameter (across) at the base. The service provided by the division is to assist you with implementation of your forest stewardship plan. 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. Your timber will be on the market for approximately 30 days. 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. Here is a list of situations/activities that may affect the way you file your income tax returns. Have you received ice or other storm damage to your woodlands? We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. 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. Steps to Marketing Timber. jhayek@illinois.edu. Selling timber. You have already flagged this document.Thank you, for helping us keep this platform clean.The editors will have a look at it as soon as possible. Forest Economics and Policy (RWU-4804) SRS Forest Economics and Policy Timber Price Information and Contacts Timber Price Information and Contacts This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. 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. 317- 445-2651 . Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. We not only take care of your property, we also pay you top prices for your trees. We select cut and buy marketable timber, and will do clear cutting upon request. Logs 40-80 yrs. . Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Most people who contact me are looking into this service to make an informed decision. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. . Some are ready for harvest in just a few years and others may take 40 or more years before they are mature enough to harvest. We are not middlemen or brokers, so we can pay top dollar for your trees. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Once your timber is marked, you need to prepare a bid for advertised timber contract. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. 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. Logs 40-79 yrs. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Professional foresters can help you plan your timber harvest and sale. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Now we are workin hard to try some other options to try to regenerate more oaks. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? For a better experience, please enable JavaScript in your browser before proceeding. We begin by meeting to view your timberland. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Fundamentally, steps 1 through 8 are all about being prepared and informed. It may not display this or other websites correctly. Are there special places in your woods that you dont want disturbed? 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. How the sales price is determined. 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. 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? Kraig Moore, ACF His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Timber is a renewable resource and cash crop that will renew itself if correctly harvested. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Logs 40-60 yrs. Provide samples of timber sales contracts and bids. Extension / 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. Christmas trees 7-10 yrs. tweet share email. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. 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. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Use a reliable logging firm. 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. 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. In the shares method, you will not know what your timber is worth until the last log is sold. All the bids are then opened on the day of the sale. HOME; About Us; This is because I want my clients to have certainty. Post anything thread - piss n on lefties version. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. 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. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. 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. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. 859-257-4772, Students / Poles and pilings 40-50 yrs. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently.

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selling timber in kentucky