There are many steps to take and things to learn for successfully cutting and selling your own logs. Research / Have you and a neighbor traded some woodlands for better management opportunities? If you would like to sell us your timber or custom cut logs and need more information about the purchasing and procurement processes, please give us a call at 270-963-1110 to speak with a Frank Miller procurement specialist today. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. Most of ours is maple beech due to the same type of cutting several times. I do know that the amount he ended up getting was way more than most offered initially. Read this first. 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. The training is a three-day program, one day per week for a three-week period. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. 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. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Learn more . With several production facilities in the Eastern United States, Baillie is where the hardwoods are. Nuts 20+ yrs. Youll need to set some boundaries before you set out to sell. 1609 Harmony Way 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. Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. Call 317-445-2651 . Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Extension / This method does not require the buyer to put up any money, and is ripe with drawbacks that can . 1. Tri-State Timber is a leading producer of veneer and high quality logs. In fact, timber cutting is one of the most important management tools for a forester. Buyers of Standing Timber and Veneer Logs. Timber is sold either "per-unit" or "lump sum." A per-unit sale is one in which the buyer and the seller negotiate a price per unit of harvested wood, and the buyer pays for the timber after it is cut and the volume is determined. That's a rare, veneer white oak growing in excellent soil. This is for at least five possible reasons. 270-792-4018. Have you received ice or other storm damage to your woodlands? Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! 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. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. You will need to know how to treat this on your tax return. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Dean In an effort to give you an idea of the sale process, let me describe it to you. Overall, the simple answer is no. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. Have you taken steps to minimize death taxes? For a better experience, please enable JavaScript in your browser before proceeding. I do not sell timber on the shares method. An Official Website of the Commonwealth of Kentucky. Most timber in Kentucky is sold on the shares method. Logs (lumber and veneer) 40-80 yrs. We grade and seed damage to the land. Logs 40-60 yrs. 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. Consult a forester before you sell any timber, he recommended. Fundamentally, steps 1 through 8 are all about being prepared and informed. 2. Fifth and finally, state and local timber harvesting and management practices laws can affect what kind of harvesting equipment can be used, how close harvests can come to streams, and what contingencies must be made if there are local populations of vulnerable or legally protected plant or animal species in your area. Provide guidance regarding carbon sequestration. We are buying trees for our sawmill. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. 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. Provide samples of timber sales contracts and bids. 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. best). Selling timber is like that toothere are several steps to the process, many of which may be new to you. According to sales data collected by Forest2ForestMarket, timber prices (both high and low) are controlled by five main factors. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. We are not middlemen or brokers, so we can pay top dollar for your trees. 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. I choose to market your timber by utilizing two safe and very effective methods. 4. 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. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. When to claim depletion. 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 . Tips for Selling Your Timber - Kentucky Division of Forestry. 1296. 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. 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. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. (75-225 yrs. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Figure out what restrictions you need to protect the health of your woods before you proceed. There are two methods I use to market timber: This is the most valuable service to landowners. First, you can call on the free or low-cost services of state or university personnel. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. [email protected]. Use a reliable logging firm. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. 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. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. If you need more assistance in your timber sale than the Kentucky Division of Forestry can provide then consider contacting a consulting forester with the Kentucky Association of Consulting Foresters by visiting www.kacf.org. 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. I would say you got lucky. We are insured and Licensed Master Loggers in the State of Kentucky. Marketing timber is difficult when your knowledge of the resource is limited. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). Landowners choose to conduct timber sales for a variety of reasons. Pulpwood* and posts 15-30 yrs. 279 Shaw Station Road Leitchfield, KY 42754. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Diffantly get more that one person to look at it. 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. 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. 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. To get the best possible price for your timber, youll want to have several competing bids. General Specifications. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. 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. 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. There are several steps you should follow before selling your timber. . Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. West Virginia. Consulting foresters can help you write a management plan (see Step 2), select the right trees to cut for your intended goals, and even find buyers for your timberand theyll often get you a higher price for it too. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. Are you sure you want to delete your template? Once your timber is marked, you need to prepare a bid for advertised timber contract. 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. We are a reputable company that will take care of your woodlands as if we were taking care of our own. 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. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. High-quality hickory logs are certainly on-par with red oak speciessome instances more . Click here for the 2022 Tax Tips for Forest Landowners.. The query tool uses dropdown menus to make choices. Meet the directors of these agencies: the nation's 59 state foresters. pertaining to the timber sale and the protection of property in the contract. 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. The service provided by the division is to assist you with implementation of your forest stewardship plan. LOG LENGTH: 8'8" & 17'6". 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. All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. 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. 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. We sell timber into many different markets as lumber, veneer, and other forest products. tweet share email. Are the prices favorable? The contract protects you. The cost for this service is $10 per 1,000 board feet. "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. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Christmas trees 8-15 yrs. College Partners Directory. Likewise, larger trees will be worth more than smaller trees. We are also well positioned to serve . Each timber sale is unique, so provisions of each contract may vary. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Certain types of timber (i.e. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. These tips are all about how to sell timber. Often, the larger the sale, the higher the price per unit of wood that can be offered. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . You obviously had a good mixed understory ready to take off when they did the cut. 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. I can get you the name of the guy my buddy went with in Mercer Co if you want. Logs 40-80 yrs. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. 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. 1. We offer a real hands on approach to buying timber. 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