Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. We are insured and Licensed Master Loggers in the State of Kentucky. Below we talk about how to answer these questions. . We grade and seed damage to the land. 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. So when you sell timber, give Tri-State Timber a call. $8.00. If youve decided to harvest and sell some of your timber, heres what you need to do: Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. 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. They can also provide guidance
for establishing planting areas. You have already flagged this document.Thank you, for helping us keep this platform clean.The editors will have a look at it as soon as possible. You had owned the timber for more than 1 year before the sale. There are several steps you should follow before selling your timber. Pulpwood* 15-25 yrs. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. We tell you up-front the amount you will receive for your timber. All of those things can affect how much wood can be removed and the operational costs of harvesting. Most timber that is not sold by a consultant is sold on what is called the shares method. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Are there special places in your woods that you dont want disturbed? 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. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. best). If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? 1. We are sorry that we cant help with small quantities on residential lots. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Do you want the loggers to follow certain rules? 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. 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. These tips are all about how to sell timber. See below. An Official Website of the Commonwealth of Kentucky. Pulpwood* 30-50 yrs.
Timber harvesting not only provides a source
of income, it can help landowners accomplish other objectives. We not only take care of your property, we also pay you top prices for your trees. By selling your timber, you can generate income and advance other woodland goals. $0.00. This mix of 10 x 20 black oak, white oak and post oak trees from a homebuilding site would sell for about $75-$100 each, delivered to a local sawmill. 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. Cutting and Selling Your Own Logs. Departments & Units / 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 . Contacted by the Division of Enforcement? Do you have a forest management plan? 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. Price per acre of hunting land in Kentucky averages $1,600. Philanthropy & Alumni Maybe you are considering a sale of your property, and want to know the timbers. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. General Specifications. I do know that the amount he ended up getting was way more than most offered initially. Extension / Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. $4.50. 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. "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. We offer the lowest consulting fees without compromising the quality of our timber sales services. There
fore, the value
of a stand
of trees becomes whatever is agreeable between the buyer and seller. How can I transfer the knowledge and experience gained from managing the land to my family? Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Are your forestry investments structured so that they will retain their value at your death? Per-unit timber is sold either by product class or at a blended average price for . 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. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . In the shares method, you will not know what your timber is worth until the last log is sold. Hi Aaron: Demand of hickory has improved over the last year. Megamenu; Timber Prices. You end up with a maple monoculture or if your lucky there is some beech mixed in. Pulpwood* and posts 20-30 yrs. Where the property boundaries are located. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. EN. THREE REGIONS, ONE PURPOSE. My father-in-law bought timber for years. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. 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. Then you will want to know about the IRS Timber Tax Form T available for download from the Internal Revenue Service at http://www.irs.gov/pub/irs-pdf/ft.pdf. This is the most valuable service to landowners. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. How the sales price is determined. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Most timber in Kentucky is sold on the shares method. Timber Evaluations and Price Proposals are free. Logs 40-60 yrs. Your goal will affect which trees you will want to cut. Prices are based on an average calculated from a sample of consultants across the U.S., and only intended to provide an estimate of trends and current prices. pertaining to the timber sale and the protection of property in the contract. 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. The goal
of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. 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. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. 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. Tip: Contracts Should Include How the trees will be marked. 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. How much is a mature oak tree worth? When to claim depletion. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. No high grading. Use a reliable logging firm. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Click here for the 2022 Tax Tips for Forest Landowners.. 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. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Prices based on woods run of timber. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. This contract will spell out the details of the timber sale. Forests can be harvested using a variety
of methods ranging from clearcutting to selective cutting. . This type
of timber sale is referred to as selling stumpage. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. . 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. Kraig Moore, ACF
Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? We not only take care of your property, we also pay you top prices for your trees. kraig@kentuckylandandtimber.com
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. Meet the directors of these agencies: the nation's 59 state foresters. 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. 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. 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 . 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. 2022 Commonwealth of Kentucky. There are two methods of selling timber. NIFA is the federal partner in a vast network of scientists, educators, and extension staff that address critical issues about agriculture, food, the environment, and communities. DON'T SELL UNLESS EVERYTHING IS IN WRITING. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. best). Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? 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. You must log in or register to reply here. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. Lexington, KY 40546-0091 Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Documentation
of landowner to retain all rights to carbon credits. Christmas trees 8-15 yrs. Likewise, larger trees will be worth more than smaller trees. 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. Youll need to set some boundaries before you set out to sell. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. 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? If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. The land prices in Indiana and Ohio though are not unfairly gauged, though. Whatever the reason
for harvesting, a pr
ofessional
forester can help you plan a harvest that will suit your objectives and maximize your income. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Some are ready for harvest in just a few years and others may take 40 or more years before they are mature enough to harvest. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. 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. 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. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Logs (lumber and veneer) 40-80 yrs. This comes down to species, size, and quality. Departments & Units / Selling timber is like that toothere are several steps to the process, many of which may be new to you. 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. Of course, many landowners sell timber
for the purpose
of generating income, but sometimes timber is harvested to salvage the value
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