Saw pine wood can differ by as high as $20 per ton. We grade and seed damage to the land. Provide guidance regarding carbon sequestration. 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. 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. . best). I can get you the name of the guy my buddy went with in Mercer Co if you want. There are two methods of selling timber. I would say you got lucky. Megamenu; Timber Prices. Tip: Contracts Should Include How the trees will be marked. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. If you need to determine the value of your timber, this service should be considered. Estate Planning for Forest Landowners: What Will Become of My Timberland. 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. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Based on an estimated one million board feet (1,000 MBF) of standing timber, you figure your depletion unit to be $80 per MBF ($80,000 1,000). I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? Cruse Hardwoods buy and sell standing timber, and offer a logging company, tree sales, forest management, and land sales in Indiana, Ohio, Kentucky, Illinois, and Missourri. Nuts 12+ yrs. Timber Evaluations and Price Proposals are free. Additionally, we . Research / This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. Extension Specialist, Forestry. 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. Consider your goals in selling timber on your land. Award Winning Company Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. kraig@kentuckylandandtimber.com ultimately responsible for water quality protection on their land. This comes down to species, size, and quality. Decided to go with Maple which was still $3.30/BF. Logs (lumber and veneer) 40-80 yrs. In this blog post, we will discuss how to tell what your . It may not display this or other websites correctly. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Click here for the 2022 Tax Tips for Forest Landowners. There are several steps you should follow before selling your timber. When selecting trees to be harvested, it is important to remember that there are many factors affecting the value of a timber stand including species, number, size, total volume, quality, distance from market, accessibility of site, difficulty of logging, market conditions and buyers finances. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. These tips are all about how to sell timber. How the sales price is determined. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Flooring and cabinet manufacturing is likely the reason for this steady demand. Pulpwood* and posts 15-25 yrs. Are you receiving cost-share payments? I will mark or inventory your timber in preparation for a sale. -. Contacted by the Division of Enforcement? This type of timber sale is referred to as selling stumpage. Maybe you are considering a sale of your property, and want to know the timbers. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Cost-Share Payments Are you receiving cost-share payments? You need to be thinking about your objectives for your property and how a timber sale can further your objectives. 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. Posts 20-30 yrs. Selling timber is like that toothere are several steps to the process, many of which may be new to you. 270-259-3104. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. They love a "select" cut which they take all the good and leave all the bad. Are the prices favorable? We are insured and Licensed Master Loggers in the State of Kentucky. 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. 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). 4. Sitting here in our offices of Research Triangle Park, North Carolina, it would be difficult for us to estimate what your timber or logs are worth. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. 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. S123 Ag Science North Everyone talking money don't let them ruin your forestland. May 8, 2017 Timber sales timber harvest Bill Klase. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. 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. 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. Your timber will be on the market for approximately 30 days. S123 Ag Science North Posts 25-35 yrs. 2023 Tri-State Timber, LLC. . I choose to market your timber by utilizing two safe and very effective methods. This is because I want my clients to have certainty. Read this first. Consider both price and quality when selecting a logger. 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. Poles and piling 35-50 yrs. Mills bid on the logs on site. Overall, the simple answer is no. Pulpwood* 20-30 yrs. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. 270-792-4018. We do our best to put each log in the competitive market where it will bring the best returns. We are also well positioned to serve . Are you conducting timber stand improvement practices in your woodlands or paying someone else to do this? Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. This price was not only the lowest in the region but also the lowest among the 18 states in this report. Most timber in Kentucky is sold on the shares method. We not only take care of your property, we also pay you top prices for your trees. Do you have a forest management plan? 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? There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. We are buying trees for our sawmill. Call 317-445-2651 . 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. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? SHOW MORE . "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. Use a reliable logging firm. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Selling white oak trees and veneer is a very important process when selling timber. All the bids are then opened on the day of the sale. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. $8.00. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. Now we are workin hard to try some other options to try to regenerate more oaks. After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. 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. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. . 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. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. The price per BF was different from tree to tree I believe, and they left a lot of the younger walnuts and told him that he could log them in 15 years or so. What Is My Timber Worth, and How Do I Sell It? 3. South Central Kentucky Don't let them skin you! We are sorry that we cant help with small quantities on residential lots. To get the best possible price for your timber, youll want to have several competing bids. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. 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. Youll need to set some boundaries before you set out to sell. Christmas trees 8-15 yrs. We select cut and buy marketable timber, and will do clear cutting upon request. Logs (lumber, boxes) 40-70 yrs. Timber sales are the main service I provide. Christmas trees 8-15 yrs. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? 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? 2022 Commonwealth of Kentucky. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. We begin by meeting to view your timberland. 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. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. Are there special places in your woods that you dont want disturbed? NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. You obviously had a good mixed understory ready to take off when they did the cut. 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. 859-257-4772, Students / 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 . No high grading. . 279 Shaw Station Road Leitchfield, KY 42754. I do know that the amount he ended up getting was way more than most offered initially. 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. 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. Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. 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. 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. 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. 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. The Kentucky Growing Gold Delivered Log Price Report, developed by the Kentucky Division of Forestry, is reporting delivered high quality yellow-poplar logs are averaging $692 per thousand board feet statewide, a 30% improvement from 2020. Department of Natural Resources and Environmental Sciences. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. Also, once logs leave your property, you cannot be assured you are paid for them. You had owned the timber for more than 1 year before the sale. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. Advise landowners about timber trespass laws. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. Documentation of landowner to retain all rights to carbon credits. 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 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. First, you can call on the free or low-cost services of state or university personnel. A good timber contract can go a long ways to ensure that . For more information on BMPs, please link to the Agriculture Water Quality Act (KRS 224.71-100 to 224.71-140). Pulpwood* 10-20 yrs. 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. Have you received ice or other storm damage to your woodlands? 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