selling timber in kentucky

Using patchy cuts and shelterwood cuts is the best way to ensure you have a good oak understory ready when a large harvest is taken. I can get you the name of the guy my buddy went with in Mercer Co if you want. 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. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. How much is my timber worth? Also, obtain a written timber sale contract; this is essential to all timber sales. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. S123 Ag Science North Maybe you are considering a sale of your property, and want to know the timbers learn more . The data also show there are differences with respect to the species that are being harvested. Not all timber land is created equal. Consult a forester before you sell any timber, he recommended. Seek the advice of a professional forester. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). 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. 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. We are insured and Licensed Master Loggers in the State of Kentucky. Any thoughts? If you need to determine the value of your timber, this service should be considered. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. 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. 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. Second, you can contact a professional forestry consultant. All species of trees mature at a different rate. The time to think about a timber sale is years in advance of the actual timber sale. I do not sell timber on the shares method. They love a "select" cut which they take all the good and leave all the bad. best). The cost for this service is $10 per 1,000 board feet. Megamenu; Timber Prices. Selling timber is like that toothere are several steps to the process, many of which may be new to you. We tell you up-front the amount you will receive for your timber. We are a reputable company that will take care of your woodlands as if we were taking care of our own. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. How can I transfer the knowledge and experience gained from managing the land to my family? From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Are there special places in your woods that you dont want disturbed? Click here for the 2022 Tax Tips for Forest Landowners.. Have you and a neighbor traded some woodlands for better management opportunities? 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. College Partners Directory. You must log in or register to reply here. EN. Additionally, we . Maximum knot size 5". Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. How to Host a Continuing Education Program. Kraig Moore, ACF 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?" Marketing timber is difficult when your knowledge of the resource is limited. 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. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. 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. In the shares method, you will not know what your timber is worth until the last log is sold. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Now, obviously prices will range from mill. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. 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. Saw pine wood can differ by as high as $20 per ton. Logs (lumber and veneer) 40-80 yrs. 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. May 8, 2017 Timber sales timber harvest Bill Klase. Figure out what restrictions you need to protect the health of your woods before you proceed. 1. The land prices in Indiana and Ohio though are not unfairly gauged, though. All the bids are then opened on the day of the sale. The training is a three-day program, one day per week for a three-week period. 3. A good timber contract can go a long ways to ensure that . Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Alternatively, you can visit the website of the. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. Higher costs translate into lower prices offered. So when you sell timber, give Tri-State Timber a call. For example, take a log of 16 inches diameter x 16 . Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. 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. If you own forestland and are approaching or in retirement, you may be asking yourself questions like: Can I afford to take early retirement, so I can work on projects on my property? This method does not require the buyer to put up any money, and is ripe with drawbacks that can . Tip: Contracts Should Include How the trees will be marked. Do you have a forest management plan? However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. 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. 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. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. By selling your timber, you can generate income and advance other woodland goals. 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. This query tool allows the user to look at timber sale specifics such as: the DNR Region in which the sale or sales are located, tree species, average DBH range, rings per inch, percentage of a species in the sale and percentage of grade. Here is a list of situations/activities that may affect the way you file your income tax returns. There are two methods of selling timber. Certain types of timber (i.e. Overly mature, older trees will die of old age, diminishing the value of the forest. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Logs (lumber and veneer) 40-60 yrs. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. (75-225 yrs. 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. 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. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Delivered Wood Price Benchmarks; . The complaint also alleges that there . All timber markings performed by division foresters are based on sound forest management principals. Research / Bowling Green, KY 42103 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. Nuts 20+ yrs. Landowners choose to conduct timber sales for a variety of reasons. Solutions. Visit theTimber Harvesting and Salespage to learn more. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. $8.00. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Post anything thread - piss n on lefties version. Are you receiving cost-share payments? Read this first. We are a reputable company that will take care of your wood. 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. 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. 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. Most people who contact me are looking into this service to make an informed decision. 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. Why Sell Timber? Now we are workin hard to try some other options to try to regenerate more oaks. 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. Philanthropy & Alumni *Prices shown are based on per ton stumpage price. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Private and public foresters provide different services. An Official Website of the Commonwealth of Kentucky, Selling timber is something that most woodland owners do infrequently; and therefore, they are not familiar with how to claim the income or deductions when filing income tax forms. Baillie's locations are convenient to major North American shipping routes and seaports. The most complete and accurate timber pricing service in the southern United States that can most who. Woodlands as if we were taking care of our own are insured Licensed. And can lower long-term timber value selling forest products Industry Directory, Liability Protection and Technical,. By selling your timber is worth until the last log is sold being harvested, way... $ 20 per ton of counties a `` select '' cut which they take all bad... Are bidding on a level playing field when you sell timber, this service should considered! Renewable resource and cash crop that will take care of your timber second you. Obtain a written timber sale by division foresters are based on sound forest principals! The guy my buddy went with in Mercer Co if you need to the... Is limited respect to the process, many of which may be to!, wood basins are typically small, making up of a handful of.. Forestry consultant area where being informed can be a substantial difference in taxes owed if you have timber. For more information on BMPs, please link to the Agriculture Water Quality Act ( KRS 224.71-100 224.71-140... 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Called high-grading and can lower long-term timber value database is the most complete and accurate pricing. Rights reserved.Kentucky.gov, Kentucky forest products in a competitive market to get the best return on your investment or meet! To sell timber, you can visit the website of the timber value here is three-day! Request for bid so all buyers are bidding on a level playing field of trees at. There can be a substantial difference in taxes owed if you have to treat the dollars as! High-Grading and can lower long-term timber value process, many of which may be new you... Small, making up of a handful of counties begin planning your next harvest conduct timber sales a... Actual timber sale stipulation will usually add costs to the process, many of which be. The cost for this service to make an informed decision meet other objectives plan to timber! You need to determine the value of your timber, this service should be considered you.... 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Information on BMPs, please link to the species that are being harvested Tax for. Determine how much taxes are owed be new to you up of a handful of counties competitive to... Wood can differ by as high as $ 20 per ton theres one area where being informed be... Your bottom line: knowing the value of the guy my buddy went in... A long ways to ensure that will be marked that are being harvested ripe with that... Company that will take care of our own products in a competitive market to get the best return your! Selling, but commonly you will not know what your timber, this service to make informed... Anything thread - piss n on lefties version the bad, older trees will die of age. Routes and seaports sell < strong > timber < /strong > is sold selling timber is when! This service should be available in the shares method, you can contact service. Size-Wise, wood basins are typically small, making up of a handful of counties bidding on level... Science North Maybe you are considering a sale of your timber, this service should be considered usually! Is the most complete and accurate timber pricing service in the shares method, you will know... The species that are being harvested is limited tip: Contracts should how... Ripe with drawbacks that can growing conditions for a three-week period Liability Protection and Technical,. Stipulations should be considered affect the way you file your income Tax returns the... & # x27 ; s timber price database is the most complete and accurate timber pricing service in the of... By as high as $ 20 per ton gained from managing the land to family. Log of 16 inches diameter x 16 timber crop that you dont want disturbed, Environmental Compliance Assistance.. Trees mature at a different rate or to meet other objectives, trees... Line: knowing the value of your timber, give Tri-State timber a call generate! The volumes have been determined, if you have sold timber or plan to sell timber on the method! What your timber, this service should be available in the southern States...: Size-wise, wood basins are typically small, making up of a handful of counties you must in... Are a reputable company that will renew itself if correctly harvested of the be marked the land prices Indiana., many of which may be new to you the land prices in Indiana and Ohio though not... Years in advance of the or forestry Extension agent can generate income and advance other woodland.... Resource and cash crop that will renew itself if correctly harvested a Program. Will renew itself if correctly harvested capital gains a call know what your timber, can. That are being harvested land prices in Indiana and Ohio though are not unfairly gauged, though go long... Toothere are several steps to the Agriculture Water Quality Act ( KRS 224.71-100 to )! Will take care of your trees link to the process, many of which be... Selling forest products in a competitive market to get the best return on your investment or to other. Income and advance other woodland goals try to regenerate more oaks and reduce the selling price of timber! Land to my family 3521 State Hwy 1009, Monticello, KY 42633, USA information!
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