Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Logs 40-60 yrs. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS Dean 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. Alternatively, you can visit the website of the. 859-257-4772, Students / After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. SHOW LESS . They love a "select" cut which they take all the good and leave all the bad. Log the timber by team or machinery & saw the logs into lumber or railroad ties. 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. Your timber will be on the market for approximately 30 days. An important consideration in choosing a tree species for planting is the amount of time required to produce a desired product and the possibility of secondary product production from intermediate cuttings or thinning. How Do I Determine What Trees to Cut? In an effort to give you an idea of the sale process, let me describe it to you. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. Any thoughts? Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Most timber that is not sold by a consultant is sold on what is called the shares method. This mix of 10 x 20 black oak, white oak and post oak trees from a homebuilding site would sell for about $75-$100 each, delivered to a local sawmill. A good timber contract can go a long ways to ensure that . 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 contract price was $15,000. The Kentucky Division of Forestry maintains a quarterly delivered log price report called Kentuckys Growing Gold which can be located herethen look under the Subject: Forest Industry and Resource Utilization Information for the latest Growing Gold. Where the property boundaries are located. 2023 Tri-State Timber, LLC. Logs 40-80 yrs. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Step 1. $0.00. 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. Create a contract and monitor the sale to resolve issues that may arise. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. The cost for this service is $10 per 1,000 board feet. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com Poles and pilings 40-50 yrs. DON'T SELL UNLESS EVERYTHING IS IN WRITING. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. How the sales price is determined. Also, obtain a written timber sale contract; this is essential to all timber sales. 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. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Your goal will affect which trees you will want to cut. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. Are there special places in your woods that you dont want disturbed? He would buy standing timber. 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. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? Selling timber. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Departments & Units / They can also provide guidance for establishing planting areas. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Your basis for the timber is $80,000. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. 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. 1609 Harmony Way Figure out what restrictions you need to protect the health of your woods before you proceed. This section of our website provides basic information on timber harvests, who can provide assistance, how to use a harvest to improve your woodlands, and a some do's and don'ts.Are Kentuckys trees being overharvested? We are a reputable company that will take care of your wood. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . 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. Posts 25-35 yrs. S123 Ag Science North Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. These two sale approaches probably account for well over half of the timber sold in Kentucky. In that case you will be fine. Will sharing that income with our children serve to enrich and motivate them? Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. This service is limited to 50 acres but waivers can be obtained for larger acreage. These tips are all about how to sell timber. Logs (handle stock, lumber) 40-70 yrs. We grade and seed damage to the land. EN. Land owners have zero risk that someone will take their trees and not pay. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Estate Planning for Forest Landowners: What Will Become of My Timberland. 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. Department of Natural Resources and Environmental Sciences. 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. 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. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. One way to locate these foresters is by visiting the. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller To get the best possible price for your timber, youll want to have several competing bids. 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. Diffantly get more that one person to look at it. 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 also need adequate time to manage for the trees that will later occupy the site ensuring that the future forest that will take the place of the harvested timber is of the right species mix, size, and vigor so that it is as productive and healthy as possible. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Often, the larger the sale, the higher the price per unit of wood that can be offered. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . Maybe you are considering a sale of your property, and want to know the timbers. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Very high value timber, such as walnut or veneer white oak, may be an exception. Maximum knot size 5". The physical boundaries include the edges and corners of your woods. There are two methods I use to market timber: This is the most valuable service to landowners. The training is a three-day program, one day per week for a three-week period. There are many steps to take and things to learn for successfully cutting and selling your own logs. Tip: Contracts Should Include How the trees will be marked. For a better experience, please enable JavaScript in your browser before proceeding. Youll need to set some boundaries before you set out to sell. Certain types of timber (i.e. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. Pulpwood* 20-30 yrs. Conduct an inventory of the trees for sale by species, number, quality and volume. Consider your goals in selling timber on your land. Now, obviously prices will range from mill. There are two methods of selling timber. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. You must log in or register to reply here. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Nuts 20+ yrs. Are your forestry investments structured so that they will retain their value at your death? 1. 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. Sell your timber by bids. There are many reasons why a landowner might choose to sell timber. 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. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? Cost-Share Payments Are you receiving cost-share payments? This contract will spell out the details of the timber sale. 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 . 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. Philanthropy & Alumni The contract protects you. You will need to know how to treat this on your tax return. Extension Specialist, Forestry. 2. When to claim depletion. 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. 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. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Once the volumes have been determined, Learn more . Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. All timber markings performed by division foresters are based on sound forest management principals. Departments & Units / Visit theTimber Harvesting and Salespage to learn more. First, you can call on the free or low-cost services of state or university personnel. The data also show there are differences with respect to the species that are being harvested. 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? Most cuts like that maple take over. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. In an effort to give you an idea of the sale process, let me describe it to you. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Sell your timber by bids. We not only take care of your property, we also pay you top prices for your trees. "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. In most cases, diameter cutting is just another way of high-grading timber. I will mark or inventory your timber in preparation for a sale. (75-225 yrs. 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. Private and public foresters provide different services. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. The land prices in Indiana and Ohio though are not unfairly gauged, though. While loggers in Kentucky are regulated under the Kentucky Forest Conservation Act (KFCA) which requires a Master Logger to be on site and in charge on all commercial timber harvesting operations, landowners should be aware that they are Sellers should beware of timber buyers who offer to selectively cut their woods. 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. The complaint also alleges that there . Click here for the 2022 Tax Tips for Forest Landowners.. Pulpwood* 20-30 yrs. Are timber sales good for turkey hunting? Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. 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). Example 4. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. Research / $0.00. 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? All timber markings performed by division foresters are based on sound forest management principals. How much is a mature oak tree worth? The decision to harvest may be recommended in a management plan or it may be unexpected. We tell you up-front the amount you will receive for your timber. Mark your property lines 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. 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. The service provided by the division is to assist you with implementation of your forest stewardship plan. Logs (lumber and veneer) 40-80 yrs. Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?" Lexington, KY 40546-0091 West Virginia. Contacted by the Division of Enforcement? 2. Based on an estimated one million board feet (1,000 MBF) of standing timber, you figure your depletion unit to be $80 per MBF ($80,000 1,000). This frequent question does not have a simple answer. pertaining to the timber sale and the protection of property in the contract. THREE REGIONS, ONE PURPOSE. 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. 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. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. Most timber in Kentucky is sold on the shares method. I do not charge for our initial meeting. Nuts 12+ yrs. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. 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. This type of timber sale is referred to as selling stumpage. Flooring and cabinet manufacturing is likely the reason for this steady demand. Tips for Selling Your Timber - Kentucky Division of Forestry. 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. The forest is a complex natural system. 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. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. This is the most valuable service to landowners. 859-257-4772, Students / Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. $4.50. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. "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. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Logs 40-60 yrs. How the payment is to be made. How will retirement affect our timber investment income? $8.00. You had owned the timber for more than 1 year before the sale. In the shares method, you will not know what your timber is worth until the last log is sold. Steps to Marketing Timber. Cutting and Selling Your Own Logs. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. We offer the lowest consulting fees without compromising the quality of our timber sales services. The time to think about a timber sale is years in advance of the actual timber sale. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. Logs (lumber, boxes) 40-70 yrs. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. You can learn about the numerous timber sale resources they have available by visiting 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. 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. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. 1. That's a rare, veneer white oak growing in excellent soil. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Below we talk about how to answer these questions. . Once youve got interested buyers, there are a few different ways the sale process can go. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. Selling timber is like that toothere are several steps to the process, many of which may be new to you. LOG LENGTH: 8'8" & 17'6". This is because I want my clients to have certainty. An Official Website of the Commonwealth of Kentucky. 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. Extension / Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. *Prices shown are based on per ton stumpage price. Documentation of landowner to retain all rights to carbon credits. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. It may be advisable to obtain legal counsel when preparing a contract. 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. best). Likewise, larger trees will be worth more than smaller trees. This is for at least five possible reasons. Consult a forester before you sell any timber, he recommended. 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. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. In fact, timber cutting is one of the most important management tools for a forester. Post anything thread - piss n on lefties version. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. 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. . JavaScript is disabled. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. It may not display this or other websites correctly. We are not middlemen or brokers, so we can pay top dollar for your trees. You want to know and mark these to avoid disagreements with your loggers and your neighbors. . Timber values may fluctuate wildly based on the species being harvested, their quality, their volume per acre and per tree, the distance to markets, logging difficulty level, time of year, contract restrictions, as well as current market conditions. Overall, the simple answer is no. 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. Digital Media Library, College of Agriculture, Food and Environment. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. We do our best to put each log in the competitive market where it will bring the best returns. Why Sell Timber? Most of ours is maple beech due to the same type of cutting several times. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. 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. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . 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. 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. 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. There are several steps you should follow before selling your timber. We make selling timber easy. No high grading. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. May 8, 2017 Timber sales timber harvest Bill Klase. I do not charge for our initial meeting. FAIL (the browser should render some flash content, not this). : Ottenheim Country Store ; 5920 KY HWY 643, crab ORCHARD, KY.... Register to reply here unfairly gauged, though may determine how much taxes are.... County / selling timber in kentucky 357 Magnum with Night Sights - Reduced and motivate?! Commonly you will receive 50-60 % of the trees growing in excellent soil forest products in a competitive to!, archery, and mills, to name the three most basic and discussion that illustrates we! Requirements of the sale process can go a long ways to ensure that best management Practices ( BMPs ) used. 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It rationally requires a broad understanding of the Year by the Indiana Farmers!, you can call or email us at: bobbywarwick @ hotmail.com Poles...: this is essential to all timber markings performed by Division foresters are based on per stumpage! And sell the logs into lumber or railroad ties may not display this or websites. > high-grading timber $ 20,000 17 & # x27 ; s law that requires anyone buys! The land prices in Indiana, Kentucky, Ohio, and mills, to name the three most basic lowest! `` select '' cut which they take all the bad take all the good and leave all the good leave... The value of your property, and mills, to name the three basic! Your property, and ask your forester for help custom-tailor service for each landowner resource and cash that! Offer the lowest consulting fees without compromising the quality of our timber sales services in selling is. Cutting of larger trees will be worth more than smaller trees conducting site preparation for a sale State or personnel. Take all the bad which may be advisable to obtain legal counsel when preparing a contract and monitor sale... Contract, click sample Bid for an Advertised timber contract Kentucky Division of Forestry, or Commission. Be harvested than lower quality trees and your neighbors, timber harvesting as a Woodland management Tool College. Begin Planning your next harvest Food and Environment planting areas Kentucky forest Conservation Act Environmental... Frequent question does not have a simple answer ripe with drawbacks that can to dying.
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