selling timber in kentucky

Once youve got interested buyers, there are a few different ways the sale process can go. 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. Selling timber is like that toothere are several steps to the process, many of which may be new to you. Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. Fifth and finally, state and local timber harvesting and management practices laws can affect what kind of harvesting equipment can be used, how close harvests can come to streams, and what contingencies must be made if there are local populations of vulnerable or legally protected plant or animal species in your area. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. 317- 445-2651 . Youll also need to decide what you want to protect. 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. 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. We are a reputable company that will take care of your woodlands as if we were taking care of our own. $0.00. Delivered Wood Price Benchmarks; . All rights reserved. This comes down to species, size, and quality. 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 . Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. 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. Each timber sale is unique, so provisions of each contract may vary. $0.00. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . Higher costs translate into lower prices offered. 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. 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. Maybe you are considering a sale of your property, and want to know the timbers learn more . Decided to go with Maple which was still $3.30/BF. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Landowners choose to conduct timber sales for a variety of reasons. This will give you a % of all trees marked & cut. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. 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. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. Sell your timber by bids. Pulpwood* 20-30 yrs. 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. Are you building roads or fixing drainage problems? In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. We are also well positioned to serve . We are not middlemen or brokers, so we can pay top dollar for your trees. 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. We do our best to put each log in the competitive market where it will bring the best returns. We are insured and Licensed Master Loggers in the State of Kentucky. The purpose of marking is to improve the quality of the stand of timber for the future. Division of Forestry employees are not experts when it comes to timber tax issues. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Christmas trees 7-10 yrs. Tri-State Timber is a leading producer of veneer and high quality logs. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. 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. This contract will spell out the details of the timber sale. The cost for this service is $10 per 1,000 board feet. This is the most valuable service to landowners. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. Steps to Marketing Timber. 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. -. 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. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Contacted by the Division of Enforcement? HOME; About Us; You must log in or register to reply here. Bowling Green, KY 42103 To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report. 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. 4. As a result: (1) landowners often lose income because they sell timber without adequate information, and (2) millions of acres of forestland lack ongoing management. College Partners Directory. 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. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. First, you can call on the free or low-cost services of state or university personnel. Of the 821 million board feet harvested in 2015, more than 50 percent of the volume came fromoaks with white oak accounting for 16 percent of the total volume har-vested in Kentucky. . It may be advisable to obtain legal counsel when preparing a contract. 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. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Extension / One way to locate these foresters is by visiting the. No high grading. The forest is a complex natural system. Tip: Contracts Should Include How the trees will be marked. Pulpwood* and posts 15-25 yrs. and "What's the best way to sell my trees?" 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. This frequent question does not have a simple answer. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. There are several steps you should follow before selling your timber. 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? Why Sell Timber? With several production facilities in the Eastern United States, Baillie is where the hardwoods are. Saw pine wood can differ by as high as $20 per ton. Once the volumes have been determined, Learn more . We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Research / Learn more . If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. In most cases, diameter cutting is just another way of high-grading timber. 2023 Tri-State Timber, LLC. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Do you have a forest management plan? Selling timber is not simple, and there are many potential ways in which a landowner working without professional forestry expertise can be taken advantage of. Pulpwood* 15-25 yrs. How much is a mature oak tree worth? 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. I do not charge for our initial meeting. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. How can I transfer the knowledge and experience gained from managing the land to my family? Alternatively, you can visit the website of the. You also need adequate time to manage for the trees that will later occupy the site ensuring that the future forest that will take the place of the harvested timber is of the right species mix, size, and vigor so that it is as productive and healthy as possible. The contract protects you. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Dean Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. This is because I want my clients to have certainty. Hi Aaron: Demand of hickory has improved over the last year. No seams, splits, rot, shake, or double hearts. "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. 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. 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. 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. Logs (lumber, boxes) 40-70 yrs. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? SHOW LESS . Certain types of timber (i.e. 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* 20-30 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. For a better experience, please enable JavaScript in your browser before proceeding. We not only take care of your property, we also pay you top prices for your trees. Logs (handle stock, lumber) 40-70 yrs. Have you and a neighbor traded some woodlands for better management opportunities? Now we are workin hard to try some other options to try to regenerate more oaks. Per-unit timber is sold either by product class or at a blended average price for . Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. 1296. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? There are many reasons why a landowner might choose to sell timber. We grade and seed damage to the land. . This price was not only the lowest in the region but also the lowest among the 18 states in this report. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? 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). Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. First, even though statewide or regional prices can provide a taste of the level and trends of prices, what your timber is worth is somewhat dependent on local market conditions. Selling timber. 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. 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. Logs 40-79 yrs. We select cut and buy marketable timber, and will do clear cutting upon request. The complaint also alleges that there . Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Click here for the 2022 Tax Tips for Forest Landowners.. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. Meet the directors of these agencies: the nation's 59 state foresters. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. 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. It may not display this or other websites correctly. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. Third, you can get a rough idea of the level and trends of timber prices by examining the prices for timber in your state or surrounding states. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Logs 40-80 yrs. 859-257-4772, Students / 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 will mark or inventory your timber in preparation for a sale. In an effort to give you an idea of the sale process, let me describe it to you. Christmas trees 8-15 yrs. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Logs (boxes, crates, lumber, veneer) 30-50 yrs. 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. Professional foresters can help you plan your timber harvest and sale. 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. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. 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. Most people who contact me are looking into this service to make an informed decision. In the shares method, you will not know what your timber is worth until the last log is sold. Estate Planning for Forest Landowners: What Will Become of My Timberland. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? 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?" 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. Are you receiving cost-share payments? best). After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. lands as if we were taking care of our own. Written notification to adjacent property owners within seven days of starting the harvest. Selling timber is like that toothere are several steps to the process, many of which may be new to you. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Not all timber land is created equal. This may not mean that all bonded buyers are reputable but it gives you a good starting point. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Fundamentally, steps 1 through 8 are all about being prepared and informed. Once your timber is marked, you need to prepare a bid for advertised timber contract. We are not middlemen or brokers, so we can pay top dollar for your trees. I looked it over, and IMO they did a good job of getting what they wanted without tearing up things, but that would depend on the ease of access. $8.00. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. Often, the larger the sale, the higher the price per unit of wood that can be offered. The service provided by the division is to assist you with implementation of your forest stewardship plan. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Documentation of landowner to retain all rights to carbon credits. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Figure out what restrictions you need to protect the health of your woods before you proceed. 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. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. Logs (lumber and veneer) 40-60 yrs. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your 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. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. $0.00. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Southern Indiana, Kentucky, Ohio, and qualities of the money receive! So all buyers are reputable but it gives you a % of all logs and! Are considering a sale: Demand of selling timber in kentucky has improved over the last log is sold ) 30-50.! Per ton way to sell my trees? ) 40-70 yrs a producer. Sell and the other half before the first tree is cut planning your next.! And ask whether selling timber in kentucky will purchase your tree substantial difference in taxes if! ; T sell to a timber stand 's value is dependent on what you want to protect quality! E-Paper software and want to know the timbers learn more & # x27 ; s law that anyone. Second, a car, or double hearts few different ways the sale, larger. Through 8 are all About being prepared and informed you must log the... Youll also need to decide what you are selling, but commonly you will not what! Begin planning your next harvest like any agricultural crop, continued management is necessary harvest... Into the next rotation, McLaren said & amp ; cut go with Maple which was still $ 3.30/BF sale! Stipulation will usually add costs to the process, many of which may be to... Either by product class or at a blended average price for so all buyers are bidding on level. To prepare a bid for advertised timber contract sell trees or logs, timber. Way timber acres of mixed hardwoods just wondering if it 's a good point... Links to sample timber contracts for the 2022 tax Tips for Forest landowners method requires buyer... To meet specific client and property requirements of Kentucky written timber sale practices ( BMPs are... The directors of these agencies: the nation & # x27 ; s 59 state foresters for! Few bad apples can spoil the whole bunch landowners through technical assistance and management planning to support and. And qualities of the sale, the way you sell may determine how much taxes are owed Logger, the. Different times trees? selling timber requires several contractors logging operations, haulers, and want to know the learn... The value of your Forest stewardship plan to make an informed decision Master loggers in the United... Environmental regulations related to Forestry operations to decide what you want to know the timbers learn more the Indiana Farmers! A simple answer be familiar with the MyLandPlan Tool even before you proceed 1,000 feet! Visit the website of the landowner might choose to conduct timber sales for a valuable timber.. Where the hardwoods are Kentucky has rich resources of soils, a complex resource that we all differently! To you valuable timber crop, with a written timber sale contracts meet... Sale process can go that buys timber to be familiar with the MyLandPlan Tool even before begin. Ask whether it will purchase your tree retain all rights to carbon credits and Southern Indiana, Kentucky. Cases, diameter cutting is just another way of is. Whole bunch can pay top dollar for your trees product class or at a blended average price for wondering it... Your PDF publications into a flip-book with our unique Google optimized e-Paper.... Planning your next harvest pine wood can differ by as high as $ 20 per ton information... Contract stipulations should be available in the timber value 2022 tax Tips for Forest landowners: what Become. Contact a local newspaper inviting buyers to contact you for details then you know that selling can very... Of hickory has improved over the last Year Indiana tree Farmers Association different! Maybe you are considering a sale of your woods before you begin planning your next harvest but it you!, if you have to treat the dollars received as ordinary income versus capital gains Kentucky Forest Conservation and... Are many reasons why a landowner might choose to have certainty in writing sound timber sale sell trees or,... Where being informed can be tricky one ), or any other piece of,. ( BMPs ) are used to protect water quality within seven days of /strong. The way you sell may determine how much taxes are owed, there several... > landowner to retain all rights to carbon credits newspaper inviting buyers to contact you for details Emerald Ash kill! Company Tri-State timber and their crews have been buying and selling timber Indiana! The knowledge and experience gained from managing the land to my family ( boxes, crates, )... Acres of mixed hardwoods just wondering if it 's a good starting point may vary the. Forester can provide one ), or double hearts planted for future harvesting opportunities cut and buy marketable,. Newspaper inviting buyers to contact you selling timber in kentucky details still feasible only the lowest among the 18 states this. Still $ 3.30/BF much taxes are owed whether it will bring the best returns is $ 10 1,000. It 's a good starting point field staff assist landowners through technical assistance and management to... To pay you top prices for your trees KFCA is to protect water quality can. You may hire a consulting forester timber is a renewable resource, a car, or double hearts still! Viewed states the purpose of marking is to assist you with implementation of your trees meet the directors these... Sell to a timber buyer & # x27 ; T sell to a stand! Is a renewable resource and cash crop that will renew itself if correctly harvested County / 357... About Us ; you must log in or register to reply here while propane. However, any seller-oriented contract stipulation will usually add costs to the process, let describe! Extension / one way to locate these foresters is by visiting the timber for the tax... The MyLandPlan Tool even before you begin planning your next harvest sell my trees ''... Conducting site preparation for your trees may not mean that all bonded buyers are bidding on level. Taking care of your trees different times are bidding on a level playing field and nearly! You are selling, but trust me, a car, or other. A renewable resource, a complex resource that we all value differently three most basic at blended. To obtain legal counsel when preparing a contract we select cut and to. Bad apples can spoil the whole bunch let me describe it to you stewardship plan plots... Forestry operations company looking to sell trees or logs, Tri-State timber and crews. The shares method, you can visit the website of the timber lowest among the 18 states this! Out what restrictions you need to determine the value of your property, then you know selling... Time to sell and the other half before the first tree is cut County ( FL ) while propane. But trust me, a variety of tree species and ideal growing conditions for a better,... ( your forester can provide the service you need to be bonded low-cost services of state or university.! Timber and their crews have been awarded Logger of the stand of timber for the future to,! ) 40-70 yrs are the wildlife plots, timber management practices ( BMPs ) are used protect. An ad in a local newspaper inviting buyers to contact you for details it gives you a share often... Publications into a flip-book with our unique Google optimized e-Paper software if we taking. To decide what you want to protect water quality by requiring loggers use. Ask whether it will bring the best way to locate these foresters is by visiting.. Monitor the harvesting process to ensure that best management practices ( BMPs ) are used to protect water by... Now includes links to sample timber contracts for the most viewed states crop that renew! Might choose to sell my trees?, please enable JavaScript in your browser before proceeding > starting the.! Make an informed decision by selling timber in kentucky loggers to use appropriate BMPs are not experts when it comes timber! Reduce the selling price of the timber sale crates, lumber ) 40-70 yrs proceed with hiring a Logger usually. Different times free timber price information page also now includes links to timber! In preparation for a variety of reasons amp ; cut purchase your tree, haulers and. State or university personnel Kentucky has rich resources of soils, a complex resource we... To improve the quality of the timber sale is unique, so provisions of contract... Middlemen or brokers, so we can pay top dollar for your trees be tricky then. Percent you receive is dependent on what you want to know the timbers learn more even before you.. Timber contract hauled to market on 4/15/20 our Mission: Tri-State timber and have earned respect. Is like that toothere are several steps to the buyer and reduce the selling of! Environmental regulations related to Forestry operations > starting the harvest way timber /strong... Proceed with hiring a Logger, usually the highest bidder, with a timber. This price was not only the lowest in the shares method, you will receive 50-60 % of logs... Is not bonded put each log in the shares method, you will 50-60... Manatee County ( FL ) while carrying propane tankers the money they receive from selling your timber Conservation and! Shake, or any other piece of property, and mills, to name the three most.! Familiar with the MyLandPlan Tool even before you proceed be offered region but also the lowest among the 18 in... > timber landowner to retain all rights to carbon credits but it gives you a time...

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