Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. I do not charge for our initial meeting. Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. THREE REGIONS, ONE PURPOSE. Click here for the 2022 Tax Tips for Forest Landowners. Have you received ice or other storm damage to your woodlands? Have you and a neighbor traded some woodlands for better management opportunities? S123 Ag Science North The land prices in Indiana and Ohio though are not unfairly gauged, though. Pulpwood* 10-20 yrs. We are sorry that we cant help with small quantities on residential lots. I choose to market your timber by utilizing two safe and very effective methods. Departments & Units / Whether you are wanting to sell your timber or design a professional forest management plan, Ohio Foresters LLC will work with you every step of the way. We are not harvesting more wood than we are growing. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. 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. Seek the advice of a professional forester. 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. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. This service is limited to 50 acres but waivers can be obtained for larger acreage. Everyone talking money don't let them ruin your forestland. Mills bid on the logs on site. All timber markings performed by division foresters are based on sound forest management principals. College Partners Directory. 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. I believe he was out of Ohio. You must log in or register to reply here. Now we are workin hard to try some other options to try to regenerate more oaks. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. 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. For a better experience, please enable JavaScript in your browser before proceeding. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. They can also provide guidance for establishing planting areas. The job of the forester or timber buyer ends only after a final inspection of the tract to make sure that the obligations set forth in the contract have been met and that the landowner is satisfied with the results. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. My father-in-law bought timber for years. $4.50. This comes down to species, size, and quality. Maximum knot size 5". 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. Extension / We begin by meeting to view your timberland. An Official Website of the Commonwealth of Kentucky. Below we talk about how to answer these questions. Tips for Selling Your Timber - Kentucky Division of Forestry. Timber selling methods. How Do I Determine What Trees to Cut? 1296. West Virginia. Logs (boxes, crates, lumber, veneer) 30-50 yrs. Fundamentally, steps 1 through 8 are all about being prepared and informed. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . Solutions. Browse through Kentucky cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the filtering options to check out cheap homes for sale under $300,000, $200,000, $100,000 and $50,000. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. Learn more about your timber sale contract here. Mark your property lines We sell timber into many different markets as lumber, veneer, and other forest products. These tips are all about how to sell timber. Additionally, we . Extension Specialist, Forestry. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. We are buying trees for our sawmill. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. If your timber grows near a lot of mills, your timber might command a higher price than if the timber were far from mills or close to only one or two mills. Logs 40-79 yrs. Are your forestry investments structured so that they will retain their value at your death? In that case you will be fine. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Pulpwood* and posts 15-25 yrs. . How the payment is to be made. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Pulpwood* 20-30 yrs. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Are the prices favorable? CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. 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. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. This will give you a % of all trees marked & cut. 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. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Provide guidance regarding carbon sequestration. The training is a three-day program, one day per week for a three-week period. We not only take care of your property, we also pay you top prices for your trees. 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. 279 Shaw Station Road Leitchfield, KY 42754. We begin by meeting to view your timberland. Provide samples of timber sales contracts and bids. Christmas trees 7-10 yrs. 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. (75-225 yrs. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. No high grading. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. All the bids are then opened on the day of the sale. How will retirement affect our timber investment income? Performing this action will revert the following features to their default settings: Hooray! Are you receiving cost-share payments? For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Most timber in Kentucky is sold on the shares method. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. We grade and seed damage to the land. We are not middlemen or brokers, so we can pay top dollar for your trees. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? It may not display this or other websites correctly. 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. Diffantly get more that one person to look at it. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Logs (handle stock, lumber) 40-70 yrs. 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. 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. I do not sell timber on the shares method. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. The complaint also alleges that there . Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? Most timber that is not sold by a consultant is sold on what is called the shares method. Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. . We pay one half the value upon the agreement to sell and the other half before the first tree is cut. The service provided by the division is to assist you with implementation of your forest stewardship plan. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Meet the directors of these agencies: the nation's 59 state foresters. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Pulpwood* 20-30 yrs. Overall, the simple answer is no. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Consider both price and quality when selecting a logger. 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. If you need to determine the value of your timber, this service should be considered. This is because I want my clients to have certainty. The greater the harvest expense per tree, the less the harvester may be willing to pay for the 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. Now, obviously prices will range from mill. Posts 20-30 yrs. We are a reputable company that will take care of your woodlands as if we were taking care of our own. 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. Most cuts like that maple take over. This service is limited to 50 acres but waivers can be obtained for larger acreage. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. I had a buyer tell me a tree I had marked last week was worth $1,000. 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. black cherry) are worth more than others (i.e. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. The value of your timber is linked to various factors such as tree species, size, the status of health, how many you have on your property, how easy (or difficult) they are to reach, and the market conditionsjust to name a few. Department of Natural Resources and Environmental Sciences. 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. In the shares method, you will not know what your timber is worth until the last log is sold. Not all timber land is created equal. Lexington, KY 40546-0091 From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Do you want them to use existing roads or build new ones? It may be advisable to obtain legal counsel when preparing a contract. Kraig Moore, ACF
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. Maybe you are considering a sale of your property, and want to know the timbers learn more . This may not mean that all bonded buyers are reputable but it gives you a good starting point. Consider your goals in selling timber on your land. 2. kraig@kentuckylandandtimber.com
All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Your timber will be on the market for approximately 30 days. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Tri-State Timber is a leading producer of veneer and high quality logs. Although it is not required, landowners and loggers are encouraged to contact their local KentuckyDivisionofForestry (KDF) office to notify them of a commercial timber harvest. 1. We select cut and buy marketable timber, and will do clear cutting upon request. 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. Youll also need to decide what you want to protect. Poles and piling 35-50 yrs. 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. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. "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. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. All timber markings performed by division foresters are based on sound forest management principals. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Here is a list of situations/activities that may affect the way you file your income tax returns. 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