Once your timber is marked, you need to prepare a bid for advertised timber contract. Timber Evaluations and Price Proposals are free. We begin by meeting to view your timberland. lands as if we were taking care of our own. The forest is a complex natural system. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. $0.00. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. 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. Pulpwood* 20-30 yrs. Certain types of timber (i.e. 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. Tips for Selling Your Timber - Kentucky Division of Forestry. Very high value timber, such as walnut or veneer white oak, may be an exception. Logs (lumber and veneer) 40-80 yrs. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. Not all timber land is created equal. The contract price was $15,000. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. He would buy standing timber. 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. Provide guidance regarding carbon sequestration. Are you building roads or fixing drainage problems? Logs 40-60 yrs. Foresters are able to look at the overall species composition and determine what type of harvest is needed and the forests potential for regeneration. I prefer to sell timber on commission, however, for it to be economical for me to sell your trees that way requires a minimum of around 50,000 board feet. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. 1296. For example, take a log of 16 inches diameter x 16 . Of course, many landowners sell timber for the purpose of generating income, but sometimes timber is harvested to salvage the value of trees that have been damaged by ice, wind, snow storms, wildfires, insects and disease. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Christmas trees 7-10 yrs. 2. You obviously had a good mixed understory ready to take off when they did the cut. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. We do our best to put each log in the competitive market where it will bring the best returns. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. These tips are all about how to sell timber. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Christmas trees 8-15 yrs. 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. . I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Your timber will be on the market for approximately 30 days. Logs (handle stock, lumber) 40-70 yrs. College Partners Directory. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. 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. That's a rare, veneer white oak growing in excellent soil. What Is My Timber Worth, and How Do I Sell It? Here is a list of situations/activities that may affect the way you file your income tax returns. 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. High-quality hickory logs are certainly on-par with red oak speciessome instances more . Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. Poles and pilings 40-50 yrs. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? All timber markings performed by division foresters are based on sound forest management principals. An Official Website of the Commonwealth of Kentucky. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. You must log in or register to reply here. Logs 40-80 yrs. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. 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. I do not sell timber on the shares method. I recently had a logger survey my farm. 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. The purpose of marking is to improve the quality of the stand of timber for the future. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . So when you sell timber, give Tri-State Timber a call. 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. Step 1. Professional foresters can help you plan your timber harvest and sale. Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. 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. 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. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. 270-792-4018. How Do I Determine What Trees to Cut? This service is limited to 50 acres but waivers can be obtained for larger acreage. 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. There are several steps you should follow before selling your timber. 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. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? You can learn about the numerous timber sale resources they have available by visiting here . black cherry) are worth more than others (i.e. Contacted by the Division of Enforcement? Often, the larger the sale, the higher the price per unit of wood that can be offered. 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. It may not display this or other websites correctly. . Departments & Units / Have you received ice or other storm damage to your woodlands? The physical boundaries include the edges and corners of your woods. It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Cutting and Selling Your Own Logs. We are also well positioned to serve . All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. How the sales price is determined. Create a contract and monitor the sale to resolve issues that may arise. -. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Below we talk about how to answer these questions. S123 Ag Science North The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Will sharing that income with our children serve to enrich and motivate them? Department of Natural Resources and Environmental Sciences. Logs 40-79 yrs. Pulpwood* 20-30 yrs. . Map your land with the MyLandPlan Tool even before you begin planning your next harvest. 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. Partnerships are integral to NIFA's mission. We are insured and Licensed Master Loggers in the State of Kentucky. Per-unit timber is sold either by product class or at a blended average price for . 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. 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. 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). The complaint also alleges that there . 1. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. We grade and seed damage to the land. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. 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. Example 4. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. Where the property boundaries are located. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Selling timber is like that toothere are several steps to the process, many of which may be new to you. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. 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. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Your basis for the timber is $80,000. Consider both price and quality when selecting a logger. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? Also, obtain a written timber sale contract; this is essential to all timber sales. Pulpwood* and posts 15-30 yrs. 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. 2022 Nature's Choice, LLC | Amish Business. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. 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. We offer a real hands on approach to buying timber. 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. 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. Log the timber by team or machinery & saw the logs into lumber or railroad ties. Your file is uploaded and ready to be published. 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. 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. 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. Do you want them to use existing roads or build new ones? Performing this action will revert the following features to their default settings: Hooray! Timber sales are the main service I provide. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Logs must be sound, straight, and produced from green timber. 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. 3. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. LOG LENGTH: 8'8" & 17'6". Consult a forester before you sell any timber, he recommended. Tri-State Timber is a leading producer of veneer and high quality logs. Most of ours is maple beech due to the same type of cutting several times. 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. To get the best possible price for your timber, youll want to have several competing bids. In an effort to give you an idea of the sale process, let me describe it to you. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. Pulpwood* 30-50 yrs. (30-130 yrs. 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. 2. This service is limited to 50 acres but waivers can be obtained for larger acreage. The cost for this service is $10 per 1,000 board feet. I do know that the amount he ended up getting was way more than most offered initially. Logs (lumber and veneer) 40-80 yrs. SHOW MORE . Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. 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. This is the most valuable service to landowners. Bowling Green, KY 42103 By carefully planning your sale and contacting a professional forester for assistance before you begin harvesting, you can go a long way to ensuring a successful timber sale. If you need to determine the value of your timber, this service should be considered. 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. Call 317-445-2651 . $4.50. Prices based on woods run of timber. Second, you can contact a professional forestry consultant. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Research / EN. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. (75-225 yrs. Variables such as distance from the stand to the nearest road, slope, soil wetness, and whether temporary bridges need to be built across streams all can affect operational costs of harvesters and hence what they might be willing to pay to harvest a stand of trees. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. I had a buyer tell me a tree I had marked last week was worth $1,000. This may not mean that all bonded buyers are reputable but it gives you a good starting point. Private and public foresters provide different services. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. 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. 1609 Harmony Way For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. 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. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Christmas trees 8-15 yrs. Are you receiving cost-share payments? 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. 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.
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