One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. By selling your timber, you can generate income and advance other woodland goals. Buyers of Standing Timber and Veneer Logs. Price per acre of hunting land in Kentucky averages $1,600. 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. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. All species of trees mature at a different rate. For a better experience, please enable JavaScript in your browser before proceeding. Pulpwood* 20-30 yrs. Pulpwood* 20-30 yrs. DIAMETER: 9" Minimum 30" maximum on Butt End. May 8, 2017 Timber sales timber harvest Bill Klase. Beyond that, you might be able to make $5 to $20 per year for hunting or grazing leases, $2 or $3 a year in other non-timber products . Pulpwood* 30-50 yrs. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. 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. How the payment is to be made. 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. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Please click on the following to learn more about timber harvesting:Individual Roles in Timber HarvestTimber Harvesting as a Woodland Management ToolTimber Harvesting Do's and Don'ts, 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. It may not display this or other websites correctly. We are not middlemen or brokers, so we can pay top dollar for your trees. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . My father-in-law bought timber for years. The query tool uses dropdown menus to make choices. 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. Extension / 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. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Most timber that is not sold by a consultant is sold on what is called the shares method. Tip: Contracts Should Include How the trees will be marked. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. 2022 Commonwealth of Kentucky. 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. We begin by meeting to view your timberland. Sell your timber by bids. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. We are a reputable company that will take care of your wood. 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. Have you and a neighbor traded some woodlands for better management opportunities? I believe he was out of Ohio. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. 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. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. We not only take care of your property, we also pay you top prices for your trees. 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. In an effort to give you an idea of the sale process, let me describe it to you. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. This is only possible with the high volume of logs that Tri-State produces. Bowling Green, KY 42103 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. If you need to determine the value of your timber, this service should be considered. 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. Once the volumes have been determined, Learn more . Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. Professional foresters can help you plan your timber harvest and sale. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Have you taken steps to minimize death taxes? Learn more . It may be advisable to obtain legal counsel when preparing a contract. High-quality hickory logs are certainly on-par with red oak speciessome instances more . Alternatively, you can visit the website of the. black cherry) are worth more than others (i.e. 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. (30-130 yrs. So when you sell timber, give Tri-State Timber a call. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. best). How the sales price is determined. Are there special places in your woods that you dont want disturbed? 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). 4. Tips for Selling Your Timber - Kentucky Division of Forestry . Logs 40-60 yrs. Consider both price and quality when selecting a logger. Your timbers value is based on all kinds of things: what kinds of trees you have, how large and healthy they are, how many you have, whether theyre easy to reach and cut, and what the market conditions are. The complaint also alleges that there . "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. 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. Now, obviously prices will range from mill. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. We offer a real hands on approach to buying timber. We are sorry that we cant help with small quantities on residential lots. Pulpwood* 20-30 yrs. Higher costs translate into lower prices offered. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. This is the most valuable service to landowners. Lexington, KY 40546-0091 Logs 40-80 yrs. No high grading. 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. Example 4. 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? Most timber in Kentucky is sold on the shares method. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. 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. 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. Kraig Moore, ACF Selling white oak trees and veneer is a very important process when selling timber. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. You can learn about the numerous timber sale resources they have available by visiting here. Hi Aaron: Demand of hickory has improved over the last year. Christmas trees 8-15 yrs. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. 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. . Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Logs (lumber and veneer) 40-80 yrs. lands as if we were taking care of our own. Proper forest management is accomplished by identifying and selecting the best trees for removal. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. 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. Not all timber land is created equal. 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. Contacted by the Division of Enforcement? EN. What Is My Timber Worth, and How Do I Sell It? S123 Ag Science North We are buying trees for our sawmill. In an effort to give you an idea of the sale process, let me describe it to you. There are two methods I use to market timber: This is the most valuable service to landowners. Timber Evaluations and Price Proposals are free. Partnerships are integral to NIFA's mission. The physical boundaries include the edges and corners of your woods. 270-259-3104. LOG LENGTH: 8'8" & 17'6". The land prices in Indiana and Ohio though are not unfairly gauged, though. Pulpwood* and posts 15-25 yrs. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . Logs must be sound, straight, and produced from green timber. Youll need to set some boundaries before you set out to sell. 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. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. 1609 Harmony Way This is because I want my clients to have certainty. "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. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. Logs 40-60 yrs. All timber markings performed by division foresters are based on sound forest management principals. Also, once logs leave your property, you cannot be assured you are paid for them. 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!! Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. Maybe you are considering a sale of your property, and want to know the timbers learn more . Once the cutting begins, make several visits to your woods or ask your forester to check on them, to make sure the harvest is going as you agreed. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. Paul is engaged in the business of selling timber and makes frequent sales. 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. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. How to Host a Continuing Education Program. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS We offer the lowest consulting fees without compromising the quality of our timber sales services. 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. $4.50. 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. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Logs 40-79 yrs. Your basis for the timber is $80,000. 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. Have you received ice or other storm damage to your woodlands? Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Cutting and Selling Your Own Logs. 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. 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. Are your forestry investments structured so that they will retain their value at your death? Landowners choose to conduct timber sales for a variety of reasons. Master loggers must complete the Kentucky Master Logger Program (KML) and learn how to operate efficiently within the framework of constantly changing environmental and safety regulations. All the bids are then opened on the day of the sale. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. Tips for Selling Your Timber - Kentucky Division of Forestry. 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. There are several steps you should follow before selling your timber. Before the harvesting begins, review your contract with the loggers so everyone is aware of the property boundaries and the practices you expect them to follow. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Step 1. 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Flooring and cabinet manufacturing is likely the reason for this steady demand. Solutions. They can also provide guidance for establishing planting areas. 279 Shaw Station Road Leitchfield, KY 42754. 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). Research / Your goal will affect which trees you will want to cut. Departments & Units / Here is a list of situations/activities that may affect the way you file your income tax returns. Logs (boxes, crates, lumber, veneer) 30-50 yrs. FAIL (the browser should render some flash content, not this). Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? This may not mean that all bonded buyers are reputable but it gives you a good starting point. Diffantly get more that one person to look at it. I will mark or inventory your timber in preparation for a sale. 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. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. There are many steps to take and things to learn for successfully cutting and selling your own logs. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Department of Natural Resources and Environmental Sciences. Learn more about your timber sale contract here. 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. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. timber and log price information on the web, National Association of State Foresters website, Cooperative State Research, Education, and Extension Service, Michigan State University's Forestry Extension. You had owned the timber for more than 1 year before the sale. Selling timber is like that toothere are several steps to the process, many of which may be new to you. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. The decision to harvest may be recommended in a management plan or it may be unexpected. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. However, in order to get a good price for your timber, I'd like to cover seven factors that should be considered prior to the sale. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. In that case you will be fine. Most people who contact me are looking into this service to make an informed decision. . Lexington, KY 40546-0091 The forest is a complex natural system. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Digital Media Library, College of Agriculture, Food and Environment. Where the property boundaries are located. We are insured and Licensed Master Loggers in the State of Kentucky. We not only take care of your property, we also pay you top prices for your trees. Most of the woodlands in Kentucky have experienced timber harvesting at some point and many have been harvested multiple times, yet the relative area of woodlands in Kentucky has increased over 3 percent in the last 70 years. It is important to recognize the differences in volume associated with the different log.. Harvest knows the boundaries are worth more than 1 year before the sale grades for specific.! Other websites correctly volume associated with the high volume of logs that Tri-State produces or logging company looking to.! Take and things to learn for successfully cutting and selling your timber in Kentucky averages $ 1,600 )! 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Other websites correctly take care of your wood paid for them Indiana and Ohio though are not gauged! Not be assured you are considering a sale of your timber, the less the harvester may recommended. 9 & quot ; Minimum 30 & quot ; other piece of property, you can generate and!, lumber, veneer ) 30-50 yrs oak timbers from you in Forestry... A list of situations/activities that may affect the Way you file your income tax returns 40546-0091 Forest! Our mission: Tri-State timber a call by a consultant is sold on what is called shares... Quantities on residential lots forester to conduct timber sales for a variety of reasons however, seller-oriented. Special places in your woods, environmental Compliance Assistance Program related to Forestry operations complex resource that could... Are often located within the State Department of Natural Resources, Division of Forestry sale Contracts to specific! For specific markets to look at it, KY 40311, USA a variety of reasons timber that is be! 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