These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. 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. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Pulpwood* and posts 15-30 yrs. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. 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. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. 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. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. Philanthropy & Alumni 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. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. Contacted by the Division of Enforcement? I will mark or inventory your timber in preparation for a sale. 1. It may be advisable to obtain legal counsel when preparing a contract. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. Most people who contact me are looking into this service to make an informed decision. 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 help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Sitting here in our offices of Research Triangle Park, North Carolina, it would be difficult for us to estimate what your timber or logs are worth. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. Your basis for the timber is $80,000. Lexington, KY 40546-0091 For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. This service is limited to 50 acres but waivers can be obtained for larger acreage. Pulpwood* and posts 20-30 yrs. There are two methods I use to market timber: Competitive Sealed Bid Method: In this method, the timber is placed on the market for buyers to evaluate and submit a sealed bid by the sale date. Are there special places in your woods that you dont want disturbed? One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Provide guidance regarding carbon sequestration. This type of timber sale is referred to as selling stumpage. 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. 2. 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. 859-257-4772, Students / Proper forest management is accomplished by identifying and selecting the best trees for removal. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Consider your goals in selling timber on your land. Learn more about your timber sale contract here. 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. Overly mature, older trees will die of old age, diminishing the value of the forest. 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. We are a reputable company that will take care of your woodlands as if we were taking care of our own. We do our best to put each log in the competitive market where it will bring the best returns. Extension / Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. All of those things can affect how much wood can be removed and the operational costs of harvesting. . $0.00. Have you taken steps to minimize death taxes? Once youve got interested buyers, there are a few different ways the sale process can go. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. We grade and seed damage to the land. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . 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). Logs (lumber and veneer) 40-80 yrs. Cost-Share Payments Are you receiving cost-share payments? Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. When to claim depletion. I do know that the amount he ended up getting was way more than most offered initially. Per-unit timber is sold either by product class or at a blended average price for . His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Likewise, larger trees will be worth more than smaller trees. 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. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Prices are based on an average calculated from a sample of consultants across the U.S., and only intended to provide an estimate of trends and current prices. Not all timber land is created equal. I recently had a logger survey my farm. 2023 Tri-State Timber, LLC. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. 270-259-3104. I do not sell timber on the shares method. Additionally, a professional forester can provide a wealth of information about timber sales contracts, the bidding process, carbon sequestration programs and the Timber Trespass Law made effective in 1994 under KRS 364:130. Departments & Units / This price was not only the lowest in the region but also the lowest among the 18 states in this report. 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. This frequent question does not have a simple answer. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Second, you can contact a professional forestry consultant. How the payment is to be made. 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. Steps to Marketing Timber. 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. Extension Specialist, Forestry. Nuts 12+ yrs. Once youve chosen the winning bid, you will need to have a written, signed contract that describes what you and the buyer have agreed to, what everyones responsibilities are, and how payment will be made. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Create a contract and monitor the sale to resolve issues that may arise. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. The query tool uses dropdown menus to make choices. The cost for this service is $10per 1,000 board feet. 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?" Logs (lumber and veneer) 40-60 yrs. Marketing timber is difficult when your knowledge of the resource is limited. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Pulpwood* 15-25 yrs. 4. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Most timber in Kentucky is sold on the shares method. Logs 40-60 yrs. Remember this key requirement: in order for a timber buyer to be interested in purchasing a yard tree(s), the tree or trees must have value with sufficient volume to exceed the purchase cost. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. How Do I Choose a Quality Logger? Are timber sales good for turkey hunting? 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. jhayek@illinois.edu. In an effort to give you an idea of the sale process, let me describe it to you. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. $4.50. Have you received ice or other storm damage to your woodlands? 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. 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. Price per acre of hunting land in Kentucky averages $1,600. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. sweetgum). Posts 25-35 yrs. Have you and a neighbor traded some woodlands for better management opportunities? Seek the advice of a professional forester. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. There are two methods I use to market timber: This is the most valuable service to landowners. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Depending on what you have growing on your land, you'll have a different value. 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. Went to buy some kiln dried Walnut lumber for a small project from a local hardwood dealer just the other day and the price was $6.50 a board foot!! THREE REGIONS, ONE PURPOSE. We offer the lowest consulting fees without compromising the quality of our timber sales services. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. The data also show there are differences with respect to the species that are being harvested. Most timber that is not sold by a consultant is sold on what is called the shares method. If you need to determine the value of your timber, this service should be considered. 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 . Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. May 8, 2017 Timber sales timber harvest Bill Klase. These tips are all about how to sell timber. Pulpwood* 20-30 yrs. For a better experience, please enable JavaScript in your browser before proceeding. Logs must be sound, straight, and produced from green timber. Nuts 20+ yrs. $8.00. You will need to know how to treat this on your tax return. Are you receiving cost-share payments? Everyone talking money don't let them ruin your forestland. How much is a mature oak tree worth? What Is My Timber Worth, and How Do I Sell It? The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. 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. Call 317-445-2651 . They can also provide guidance for establishing planting areas. Tips for Selling Your Timber - Kentucky Division of Forestry . Create a timber sale notice for a list of reputable buyers. The service provided by the division is to assist you with implementation of your forest stewardship plan. I can get you the name of the guy my buddy went with in Mercer Co if you want. This is because I want my clients to have certainty. Will sharing that income with our children serve to enrich and motivate them? Consult a forester before you sell any timber, he recommended. kraig@kentuckylandandtimber.com We make selling timber easy. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. You can learn about the numerous timber sale resources they have available by visiting here . Philanthropy & Alumni Mark your property lines Youll need to set some boundaries before you set out to sell. Pulpwood* and posts 15-25 yrs. 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. Also, obtain a written timber sale contract; this is essential to all timber sales. 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. College Partners Directory. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. The division will evaluate your timber and identify (marking) which trees should be removed and which should remain for the overall health of your forest. This is only possible with the high volume of logs that Tri-State produces. That's a rare, veneer white oak growing in excellent soil. We not only take care of your property, we also pay you top prices for your trees. Pulpwood* 20-30 yrs. 2022 Commonwealth of Kentucky. These two sale approaches probably account for well over half of the timber sold in Kentucky. 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