$0.00. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. Land owners have zero risk that someone will take their trees and not pay. 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. 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.. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. 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. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Lexington, KY 40546-0091 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. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. You may choose either to harvest your own timber and sell the cut product such as veneer and saw logs, pulpwood, posts and poles or to sell the standing trees and allow the buyer to cut and haul them. *Prices shown are based on per ton stumpage price. Most of ours is maple beech due to the same type of cutting several times. There are many steps to take and things to learn for successfully cutting and selling your own logs. Chris Demers and Alan Long. How Can a Forester Help? 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. 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. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. We begin by meeting to view your timberland. Logs (lumber and veneer) 40-80 yrs. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. 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. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). How much is a mature oak tree worth? If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. This is the most valuable service to landowners. Learn more about your timber sale contract here. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. 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. 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 . Your goal will affect which trees you will want to cut. 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?" 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. See below. 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. 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. DON'T SELL UNLESS EVERYTHING IS IN WRITING. The physical boundaries include the edges and corners of your woods. All timber markings performed by division foresters are based on sound forest management principals. Have you and a neighbor traded some woodlands for better management opportunities? report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. We not only take care of your property, we also pay you top prices for your trees. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Mark your property lines 2. Select cut after select cut tend to lead to a maple dominated forest. Professional foresters can help you plan your timber harvest and sale. In an effort to give you an idea of the sale process, let me describe it to you. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . Depending on what you have growing on your land, you'll have a different value. I had a buyer tell me a tree I had marked last week was worth $1,000. Provide guidance regarding carbon sequestration. Each timber sale is unique, so provisions of each contract may vary. 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? 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. Higher costs translate into lower prices offered. For example, take a log of 16 inches diameter x 16 . 2. Do you want the loggers to follow certain rules? Post anything thread - piss n on lefties version. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. How much is my timber worth? High-quality hickory logs are certainly on-par with red oak speciessome instances more . 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. 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. 1. Sell your timber by bids. In this blog post, we will discuss how to tell what your . Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Selling timber is like that toothere are several steps to the process, many of which may be new to you. 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. 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. 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. Here is a list of situations/activities that may affect the way you file your income tax returns. $0.00. Lexington, KY 40546-0091 This service is limited to 50 acres but waivers can be obtained for larger acreage. Cutting and Selling Your Own Logs. JavaScript is disabled. Baillie's locations are convenient to major North American shipping routes and seaports. Division of Forestry employees are not experts when it comes to timber tax issues. Second, you can contact a professional forestry consultant. 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. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . There are two methods of selling timber. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. There are many reasons why a landowner might choose to sell timber. SHOW LESS . Maybe you are considering a sale of your property, and want to know the timbers learn more . Kraig Moore, ACF 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. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. 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. 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. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Pulpwood* and posts 15-30 yrs. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS How the sales price is determined. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. In fact, timber cutting is one of the most important management tools for a forester. 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. 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. $8.00. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Solutions. sweetgum). Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. No high grading. That's a rare, veneer white oak growing in excellent soil. Meet the directors of these agencies: the nation's 59 state foresters. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. Research / Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Pulpwood* 20-30 yrs. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. S123 Ag Science North The time to think about a timber sale is years in advance of the actual timber sale. One way to locate these foresters is by visiting the. Your basis for the timber is $80,000. Your file is uploaded and ready to be published. Figure out what restrictions you need to protect the health of your woods before you proceed. For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Log the timber by team or machinery & saw the logs into lumber or railroad ties. 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. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. best). (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. 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. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? 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. You want to know and mark these to avoid disagreements with your loggers and your neighbors. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. 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