The service provided by the division is to assist you with implementation of your forest stewardship plan. 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. 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. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. In some states, you can contact your state service forester, who might work for the state Department of Natural Resources, Division of Forestry, or Forestry Commission. 859-257-4772, Students / (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Departments & Units / 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. We tell you up-front the amount you will receive for your timber. 2. 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. Have you taken steps to minimize death taxes? Provide guidance regarding carbon sequestration. Hi Aaron: Demand of hickory has improved over the last year. Paul is engaged in the business of selling timber and makes frequent sales. Once the volumes have been determined, Learn more . Sell your timber by bids. Select cut after select cut tend to lead to a maple dominated forest. You will need to know how to treat this on your tax return. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Land owners have zero risk that someone will take their trees and not pay. 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. jhayek@illinois.edu. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. All timber markings performed by division foresters are based on sound forest management principals. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. 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. Are your forestry investments structured so that they will retain their value at your death? 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 (lumber and veneer) 40-80 yrs. 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. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Most timber in Kentucky is sold on the shares method. Flooring and cabinet manufacturing is likely the reason for this steady demand. $8.00. Tri-State Timber is a leading producer of veneer and high quality logs. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Christmas trees 8-15 yrs. EN. 859-257-4772, Students / Logs (handle stock, lumber) 40-70 yrs. Tip: Contracts Should Include How the trees will be marked. I do not charge for our initial meeting. Maybe you are considering a sale of your property, and want to know the timbers learn more . Logs 40-80 yrs. 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. Written notification to adjacent property owners within seven days of starting the harvest. 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. Do you want them to use existing roads or build new ones? Logs must be sound, straight, and produced from green timber. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. 1. DON'T SELL UNLESS EVERYTHING IS IN WRITING. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. How Can a Forester Help? For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. Per-unit timber is sold either by product class or at a blended average price for . Christmas trees 7-10 yrs. Pulpwood* and posts 15-25 yrs. Tips for Selling Your Timber - Kentucky Division of Forestry. 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. 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. FAIL (the browser should render some flash content, not this). For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. There are two methods I use to market timber: This is the most valuable service to landowners. General Specifications. Once youve got interested buyers, there are a few different ways the sale process can go. All timber markings performed by division foresters are based on sound forest management principals. You had owned the timber for more than 1 year before the sale. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. Create a timber sale notice for a list of reputable buyers. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. All species of trees mature at a different rate. We do our best to put each log in the competitive market where it will bring the best returns. Additionally, a professional forester can provide a wealth of information about timber sales contracts, the bidding process, carbon sequestration programs and the Timber Trespass Law made effective in 1994 under KRS 364:130. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Timber Evaluations and Price Proposals are free. Click here for the 2022 Tax Tips for Forest Landowners. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Figure out what restrictions you need to protect the health of your woods before you proceed. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? Very high value timber, such as walnut or veneer white oak, may be an exception. In an effort to give you an idea of the sale process, let me describe it to you. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. S123 Ag Science North How Do I Choose a Quality Logger? Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. DIAMETER: 9" Minimum 30" maximum on Butt End. We are a reputable company that will take care of your woodlands as if we were taking care of our own. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . This frequent question does not have a simple answer. 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. 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. $0.00. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? . Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Nuts 20+ yrs. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . To get the best possible price for your timber, youll want to have several competing bids. tweet share email. We make selling timber easy. . Pulpwood* 20-30 yrs. I do not charge for our initial meeting. Use a reliable logging firm. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. 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. Diffantly get more that one person to look at it. You are using an out of date browser. 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. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com There are many steps to take and things to learn for successfully cutting and selling your own logs. Poles and pilings 40-50 yrs. Tips for Selling Your Timber - Kentucky Division of Forestry. 2023 Tri-State Timber, LLC. 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. Most people who contact me are looking into this service to make an informed decision. Provide samples of timber sales contracts and bids. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. The forest is a complex natural system. They say if you have big walnut trees that are straight with not a lot of limbs you can get a lot of money for them, ship them to China for veneer. Logs 40-60 yrs. Price per acre of hunting land in Kentucky averages $1,600. 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. 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. 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. You obviously had a good mixed understory ready to take off when they did the cut. The complaint also alleges that there . Why Sell Timber? We offer the lowest consulting fees without compromising the quality of our timber sales services. He would buy standing timber. Professional foresters can help you plan your timber harvest and sale. In this blog post, we will discuss how to tell what your . For example, take a log of 16 inches diameter x 16 . Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Now, obviously prices will range from mill. -. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. 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. This is for at least five possible reasons. Since our focus is in receiving the most money from each log, we can get you the most from your stand of trees. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. 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. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). How can I transfer the knowledge and experience gained from managing the land to my family? My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. 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. Seek the advice of a professional forester. 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. 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. 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. Digital Media Library, College of Agriculture, Food and Environment. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. 270-259-3104. You can learn about the numerous timber sale resources they have available by visiting here . 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?" 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. This service is limited to 50 acres but waivers can be obtained for larger acreage. and "What's the best way to sell my trees?" In the shares method, you will not know what your timber is worth until the last log is sold. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. Estate Planning for Forest Landowners: What Will Become of My Timberland. Alternatively, you can visit the website of the. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. 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