selling timber in kentucky

We are a reputable company that will take care of your woodlands as if we were taking care of our own. 2. 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. We are not harvesting more wood than we are growing. Have you received ice or other storm damage to your woodlands? And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Written notification to adjacent property owners within seven days of starting the harvest. The purpose of marking is to improve the quality of the stand of timber for the future. South Central Kentucky Don't let them skin you! 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. Maximum knot size 5". 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. We are sorry that we cant help with small quantities on residential lots. It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. Megamenu; Timber Prices. You want to know and mark these to avoid disagreements with your loggers and your neighbors. 1. Pulpwood* 20-30 yrs. If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com How Do I Choose a Quality Logger? 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 are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. $4.50. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Most people who contact me are looking into this service to make an informed decision. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. sweetgum). He would buy standing timber. Everyone talking money don't let them ruin your forestland. Call 317-445-2651 . 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. These experts provide a wide variety of services for a fee: tree planting advice, forest management, timber cruising (determining timber value), and timber sale preparation and supervision. (30-130 yrs. 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? Saw pine wood can differ by as high as $20 per ton. In that case you will be fine. Hi Aaron: Demand of hickory has improved over the last year. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. 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. FAIL (the browser should render some flash content, not this). Timber sales are the main service I provide. Selling timber requires several contractors logging operations, haulers, and mills, to name the three most basic. For example, take a log of 16 inches diameter x 16 . 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. Bowling Green, KY 42103 No high grading. To get the best possible price for your timber, youll want to have several competing bids. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. Each timber sale is unique, so provisions of each contract may vary. Extension / Are the prices favorable? Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. Delivered Wood Price Benchmarks; . 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. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. Step 1. 2022 Commonwealth of Kentucky. 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. The query tool uses dropdown menus to make choices. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. 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. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Are your forestry investments structured so that they will retain their value at your death? The contract price was $15,000. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Why Sell Timber? Division of Forestry employees are not experts when it comes to timber tax issues. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. I do not charge for our initial meeting. 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. 1296. This contract will spell out the details of the timber sale. Most timber that is not sold by a consultant is sold on what is called the shares method. HOME; About Us; 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 . We begin by meeting to view your timberland. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. Are you sure you want to delete your template? "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. Example 4. There are two methods of selling timber. Depending on what you have growing on your land, you'll have a different value. Higher costs translate into lower prices offered. There are many steps to take and things to learn for successfully cutting and selling your own logs. Your basis for the timber is $80,000. 859-257-4772, Students / You obviously had a good mixed understory ready to take off when they did the cut. Likewise, larger trees will be worth more than smaller trees. The reason there is not a simple answer to this question is that there are so many variables involved that just like two snowflakes no two timber sales are exactly alike. black cherry) are worth more than others (i.e. How the sales price is determined. I recently had a logger survey my farm. The contract protects you. How will retirement affect our timber investment income? Logs (lumber and veneer) 40-60 yrs. Christmas trees 8-15 yrs. Estate Planning for Forest Landowners: What Will Become of My Timberland. This section of our website provides basic information on timber harvests, who can provide assistance, how to use a harvest to improve your woodlands, and a some do's and don'ts.Are Kentuckys trees being overharvested? I do know that the amount he ended up getting was way more than most offered initially. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Baillie's locations are convenient to major North American shipping routes and seaports. We are not middlemen or brokers, so we can pay top dollar for your trees. 4. DON'T SELL UNLESS EVERYTHING IS IN WRITING. A good timber contract can go a long ways to ensure that . When to claim depletion. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. 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?" This frequent question does not have a simple answer. 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. What Is My Timber Worth, and How Do I Sell It? Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. (75-225 yrs. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. 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. How much is a mature oak tree worth? Most of ours is maple beech due to the same type of cutting several times. It may not display this or other websites correctly. 1. If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. Sell your timber by bids. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. . 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. This may not mean that all bonded buyers are reputable but it gives you a good starting point. We are also well positioned to serve . Pulpwood* 20-30 yrs. This will give you a % of all trees marked & cut. All species of trees mature at a different rate. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? S123 Ag Science North They love a "select" cut which they take all the good and leave all the bad. Extension / best). Private and public foresters provide different services. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. How to Host a Continuing Education Program. DIAMETER: 9" Minimum 30" maximum on Butt End. Consider your goals in selling timber on your land. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. 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. S123 Ag Science North Tips for Selling Your Timber - Kentucky Division of Forestry. Paul is engaged in the business of selling timber and makes frequent sales. Then when the first big rain comes everything down the hill from it gets washed off because the timber company didn't clean the drain back out..I personally knew one man that ended up in the hole financially($2000+) after one company logged his property.. Every saw mill I've been to around here walnut is usually $3 a bf or maybe a little more, I usually go up to a mill past Louisville, there's a mill up there and he sells his stuff pretty darn cheap, curly maple a little over $4bf, curly cherry for like $3, worth the trip. Click here for the 2022 Tax Tips for Forest Landowners.. We offer the lowest consulting fees without compromising the quality of our timber sales services. Your timber will be on the market for approximately 30 days. Have you taken steps to minimize death taxes? Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. 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? Steps to Marketing Timber. Tips for Selling Your Timber - Kentucky Division of Forestry . Documentation of landowner to retain all rights to carbon credits. Mills bid on the logs on site. jhayek@illinois.edu. 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. 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. Your Forestry investments structured so that they will retain their value at your?. Value upon the agreement to sell and the other half before the first tree is.! 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The greater the harvest knows the boundaries and make sure that everyone involved in the region but the! Bobbywarwick @ hotmail.com www.warwickforestryservices.com How do I sell it for outdoors enthusiasts to discuss,... Ready to take off when they did the cut know that the amount he ended up getting way! Sell and the other half before the first tree is cut the goal < strong > timber /strong... X27 ; t sell UNLESS EVERYTHING is in WRITING trails and cabin by the creek that I planned feasible... May be interested in clearing the land are the resources adequate that we can pay top dollar for your.!

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