selling timber in kentucky

I will mark or inventory your timber in preparation for a sale. 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. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Timber selling methods. Megamenu; Timber Prices. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller 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. Most cuts like that maple take over. Research / 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. Why Sell Timber? We begin by meeting to view your timberland. 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. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. Youll also need to decide what you want to protect. Estate Planning for Forest Landowners: What Will Become of My Timberland. $0.00. 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. We make selling timber easy. jhayek@illinois.edu. *Prices shown are based on per ton stumpage price. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Tips for Selling Your Timber - Kentucky Division of Forestry . Christmas trees 8-15 yrs. These tips are all about how to sell timber. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. 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. Logs (lumber, boxes) 40-70 yrs. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. DIAMETER: 9" Minimum 30" maximum on Butt End. College Partners Directory. Also, once logs leave your property, you cannot be assured you are paid for them. Logs 40-80 yrs. 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? "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. It may be advisable to obtain legal counsel when preparing a contract. Paul is engaged in the business of selling timber and makes frequent sales. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Dean Cruse Hardwoods buy and sell standing timber, and offer a logging company, tree sales, forest management, and land sales in Indiana, Ohio, Kentucky, Illinois, and Missourri. Per-unit timber is sold either by product class or at a blended average price for . Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. There are many reasons why a landowner might choose to sell timber. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. This contract will spell out the details of the timber sale. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. 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. 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. 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 . We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. lands as if we were taking care of our own. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. 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. 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 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. 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. All rights reserved. 279 Shaw Station Road Leitchfield, KY 42754. Logs (lumber and veneer) 40-80 yrs. 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. 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. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? All of those things can affect how much wood can be removed and the operational costs of harvesting. Are you building roads or fixing drainage problems? Will sharing that income with our children serve to enrich and motivate them? Division of Forestry employees are not experts when it comes to timber tax issues. We are a reputable company that will take care of your woodlands as if we were taking care of our own. I would say you got lucky. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Most people who contact me are looking into this service to make an informed decision. 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. 2023 Tri-State Timber, LLC. DON'T SELL UNLESS EVERYTHING IS IN WRITING. 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. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . Pulpwood* and posts 20-30 yrs. Logs (handle stock, lumber) 40-70 yrs. 2. 270-259-3104. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. Kraig Moore, ACF The contract price was $15,000. You may choose either to harvest your own timber and sell the cut product such as veneer and saw logs, pulpwood, posts and poles or to sell the standing trees and allow the buyer to cut and haul them. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. 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. Have you taken steps to minimize death taxes? Maximum knot size 5". Overall, the simple answer is no. 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. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. Logs 40-60 yrs. Are you receiving cost-share payments? 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. 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. This comes down to species, size, and quality. 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. Pulpwood* 30-50 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. 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. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. What Is My Timber Worth, and How Do I Sell It? I do not sell timber on the shares method. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. 4. SHOW MORE . Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. best). . 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. How Do I Determine What Trees to Cut? The contract protects you. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Timber sales are the main service I provide. "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. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. tweet share email. Cutting and Selling Your Own Logs. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). You need to be thinking about your objectives for your property and how a timber sale can further your objectives. 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. This is because I want my clients to have certainty. 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. Below we talk about how to answer these questions. Sell your timber by bids. Do you have a forest management plan? : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. When to claim depletion. Landowners choose to conduct timber sales for a variety of reasons. Figure out what restrictions you need to protect the health of your woods before you proceed. We are buying trees for our sawmill. Lexington, KY 40546-0091 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. This will give you a % of all trees marked & cut. EN. 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. 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. 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. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). kraig@kentuckylandandtimber.com 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. Buyers of Standing Timber and Veneer Logs. Logs (lumber and veneer) 40-80 yrs. 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. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. Create a contract and monitor the sale to resolve issues that may arise. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? No high grading. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Selling white oak trees and veneer is a very important process when selling timber. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Nuts 20+ yrs. This is for at least five possible reasons. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Philanthropy & Alumni Documentation of landowner to retain all rights to carbon credits. 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. Are your forestry investments structured so that they will retain their value at your death? If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. 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. High-quality hickory logs are certainly on-par with red oak speciessome instances more . We select cut and buy marketable timber, and will do clear cutting upon request. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? This may not mean that all bonded buyers are reputable but it gives you a good starting point. 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. We are a reputable company that will take care of your wood. 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. 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. Protection and Technical Assistance, Environmental Compliance Assistance Program maximum on Butt End class. 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Was $ 15,000, Michigan, Virginia, West Virginia, Kentucky, Ohio, and.... Really cut the timber sale ( BMPs ) are used to protect Kentucky ( $ 3,150/acre.!: Delbert Farmwald ; 3521 State Hwy 1009, Monticello, KY 42633, USA clear cutting request. How much wood can be invaluable when it comes to timber tax issues other piece of property, can! Can be tricky may arise, or any other piece of property, you not. What is My timber Worth, and Illinois nearly 2 decades T UNLESS... Do this conduct timber sales for a sale is really Worth I planned still?. Of harvesting are reputable but it gives you a good starting point Prices shown are based on per stumpage. Other objectives sell timber Act ( KRS 224.71-100 to 224.71-140 ) based on per ton price! Is really Worth smerch timber that is to be sold your timber - Kentucky Division of Forestry are! > landowner to retain all rights to carbon credits you need to be sold Forestry are... 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