NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . The time to think about a timber sale is years in advance of the actual timber sale. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Private and public foresters provide different services. Hi Aaron: Demand of hickory has improved over the last year. 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. 2. Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. Christmas trees 8-15 yrs. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. Most of ours is maple beech due to the same type of cutting several times. 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. LOG LENGTH: 8'8" & 17'6". Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller Once youve got interested buyers, there are a few different ways the sale process can go. lands as if we were taking care of our own. Not all timber land is created equal. Learn more . Logs (lumber and veneer) 40-80 yrs. This frequent question does not have a simple answer. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. 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. Timber selling methods. Very high value timber, such as walnut or veneer white oak, may be an exception. Nuts 12+ yrs. 2022 Commonwealth of Kentucky. jhayek@illinois.edu. 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. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Pulpwood* 20-30 yrs. We are insured and Licensed Master Loggers in the State of Kentucky. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . In that case you will be fine. 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 Can a Forester Help? 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. Kraig Moore, ACF Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Selling timber is like that toothere are several steps to the process, many of which may be new to you. How the sales price is determined. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. Click here for the 2022 Tax Tips for Forest Landowners.. Philanthropy & Alumni Proper forest management is accomplished by identifying and selecting the best trees for removal. You are using an out of date browser. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. 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. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. All timber markings performed by division foresters are based on sound forest management principals. Click here for the 2022 Tax Tips for Forest Landowners. Alternatively, you can visit the website of the. Saw pine wood can differ by as high as $20 per ton. JavaScript is disabled. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Likewise, larger trees will be worth more than smaller trees. best). Are you building roads or fixing drainage problems? If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Figure out what restrictions you need to protect the health of your woods before you proceed. Lexington, KY 40546-0091 DON'T SELL UNLESS EVERYTHING IS IN WRITING. . Select cut after select cut tend to lead to a maple dominated forest. I choose to market your timber by utilizing two safe and very effective methods. Our free timber price information page also now includes links to sample timber contracts for the most viewed states. $0.00. (75-225 yrs. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Steps to Marketing Timber. 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. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. We are insured and Licensed Master Loggers in the State of Kentucky. Logs (lumber, boxes) 40-70 yrs. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. Dean There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. My usual recommendation to a landowner is to retain a consulting forester to conduct a sealed-bid, competitive sale. An Official Website of the Commonwealth of Kentucky. You will need to know how to treat this on your tax return. Departments & Units / Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. The contract price was $15,000. 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. Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years). Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. 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. 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. You also need adequate time to manage for the trees that will later occupy the site ensuring that the future forest that will take the place of the harvested timber is of the right species mix, size, and vigor so that it is as productive and healthy as possible. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. Mark your property lines For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. This will give you a % of all trees marked & cut. Philanthropy & Alumni Do you want them to use existing roads or build new ones? For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. . Conduct an inventory of the trees for sale by species, number, quality and volume. This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. *Prices shown are based on per ton stumpage price. Most people who contact me are looking into this service to make an informed decision. HOME; About Us; In an effort to give you an idea of the sale process, let me describe it to you. They can also provide guidance for establishing planting areas. 2. There are two methods I use to market timber: This is the most valuable service to landowners. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Where the property boundaries are located. Pulpwood* and posts 20-30 yrs. Logs (lumber and veneer) 40-80 yrs. 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. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Decided to go with Maple which was still $3.30/BF. Cost-Share Payments Are you receiving cost-share payments? We are a reputable company that will take care of your wood. Contacted by the Division of Enforcement? Pulpwood* 20-30 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. 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. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. A good timber contract can go a long ways to ensure that . For a better experience, please enable JavaScript in your browser before proceeding. You can learn about the numerous timber sale resources they have available by visiting here . Maybe you are considering a sale of your property, and want to know the timbers learn more . There are many reasons why a landowner might choose to sell timber. I do know that the amount he ended up getting was way more than most offered initially. Although it is not required, landowners and loggers are encouraged to contact their local Kentucky Division of Forestry (KDF) office to notify them of a commercial timber harvest. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. Call 317-445-2651 . How Do I Choose a Quality Logger? You need to be thinking about your objectives for your property and how a timber sale can further your objectives. There are many steps to take and things to learn for successfully cutting and selling your own logs. Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. Advise landowners about timber trespass laws. Your basis for the timber is $80,000. Prices based on woods run of timber. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. 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. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. Solutions. I do not sell timber on the shares method. Provide guidance regarding carbon sequestration. 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