selling timber in kentucky
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. Have you received ice or other storm damage to your woodlands? 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. These two sale approaches probably account for well over half of the timber sold in Kentucky. We grade and seed damage to the land. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. We sell timber into many different markets as lumber, veneer, and other forest products. Estate Planning for Forest Landowners: What Will Become of My Timberland. (30-130 yrs. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. You will need to know how to treat this on your tax return. 1296. We are not middlemen or brokers, so we can pay top dollar for your trees. LOG LENGTH: 8'8" & 17'6". 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. (75-225 yrs. 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. Why Sell Timber? Decided to go with Maple which was still $3.30/BF. I had a buyer tell me a tree I had marked last week was worth $1,000. 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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. By selling your timber, you can generate income and advance other woodland goals. See below. Philanthropy & Alumni There are two methods of selling timber. The forest is a complex natural system. 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. Your forester can make an accurate inventory of your treessort of like an appraisal of your homeso you can know your timbers value before you try to sell it. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. THREE REGIONS, ONE PURPOSE. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. 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. In the shares method, you will not know what your timber is worth until the last log is sold. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Additionally, we . . 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. 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 you sure you want to delete your template? Logs (handle stock, lumber) 40-70 yrs. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. 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. Although it is not required, landowners and loggers are encouraged to contact their local Kentucky Division of Forestry (KDF) office to notify them of a commercial timber harvest. 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. 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. I can get you the name of the guy my buddy went with in Mercer Co if you want. Steps to Marketing Timber. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. These tips are all about how to sell timber. 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!! Lexington, KY 40546-0091 All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Christmas trees 8-15 yrs. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Saw pine wood can differ by as high as $20 per ton. Baillie's locations are convenient to major North American shipping routes and seaports. The Southern Research Station is one of seven units that make up the U.S. Forest Service Research and Development organization the most extensive natural resources research organization in the world. . For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. 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. lands as if we were taking care of our own. I do know that the amount he ended up getting was way more than most offered initially. He would buy standing timber. First, you can call on the free or low-cost services of state or university personnel. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. 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. Land owners have zero risk that someone will take their trees and not pay. 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. 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. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. This contract will spell out the details of the timber sale. Philanthropy & Alumni An Official Website of the Commonwealth of Kentucky. This frequent question does not have a simple answer. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. 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. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. 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. This type of timber sale is referred to as selling stumpage. Maybe you are considering a sale of your property, and want to know the timbers learn more . No seams, splits, rot, shake, or double hearts. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. 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. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? best). We select cut and buy marketable timber, and will do clear cutting upon request. 4. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Logs (lumber and veneer) 40-60 yrs. Pulpwood* and posts 15-25 yrs. Also, once logs leave your property, you cannot be assured you are paid for them. 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. Once your timber is marked, you need to prepare a bid for advertised timber contract. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Landowners choose to conduct timber sales for a variety of reasons. Logs (lumber and veneer) 40-60 yrs. My father-in-law bought timber for years. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . 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. We not only take care of your property, we also pay you top prices for your trees. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? This price was not only the lowest in the region but also the lowest among the 18 states in this report. Fundamentally, steps 1 through 8 are all about being prepared and informed. 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. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Do you want them to use existing roads or build new ones? How will retirement affect our timber investment income? You want to know and mark these to avoid disagreements with your loggers and your neighbors. Timber Evaluations and Price Proposals are free. 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. There are several steps you should follow before selling your timber. Documentation of landowner to retain all rights to carbon credits. Posts 20-30 yrs. The decision to harvest may be recommended in a management plan or it may be unexpected. Christmas trees 8-15 yrs. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. 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. All rights reserved. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. DON'T SELL UNLESS EVERYTHING IS IN WRITING. Click here for the 2022 Tax Tips for Forest Landowners. Tips for Selling Your Timber - Kentucky Division of Forestry. Logs (lumber, boxes) 40-70 yrs. Digital Media Library, College of Agriculture, Food and Environment. They love a "select" cut which they take all the good and leave all the bad. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Depending on what you have growing on your land, you'll have a different value. We are buying trees for our sawmill. Tips for Selling Your Timber - Kentucky Division of Forestry. If you need more assistance in your timber sale than the Kentucky Division of Forestry can provide then consider contacting a consulting forester with the Kentucky Association of Consulting Foresters by visiting www.kacf.org. Wherever you advertise, include your contact information, the location of your land, the timber species, quality and volume youre selling, the road quality to access the trees, and any other helpful or important points. Pulpwood* and posts 15-30 yrs. 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. 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. Click here for the 2022 Tax Tips for Forest Landowners.. Logs 40-79 yrs. Lexington, KY 40546-0091 The land prices in Indiana and Ohio though are not unfairly gauged, though. 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. Contacted by the Division of Enforcement? The physical boundaries include the edges and corners of your woods. Department of Natural Resources and Environmental Sciences. Pulpwood* 10-20 yrs. Call 317-445-2651 . This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. Tri-State Timber is a leading producer of veneer and high quality logs. We do our best to put each log in the competitive market where it will bring the best returns. 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. and "What's the best way to sell my trees?" The query tool uses dropdown menus to make choices. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Have you and a neighbor traded some woodlands for better management opportunities? Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. 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). We are not middlemen or brokers, so we can pay top dollar for your trees. Diffantly get more that one person to look at it. 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. 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. A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. $0.00. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. You had owned the timber for more than 1 year before the sale. 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