We make selling timber easy. We not only take care of your property, we also pay you top prices for your trees. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. It may not display this or other websites correctly. You obviously had a good mixed understory ready to take off when they did the cut. Steps to Marketing Timber. In an effort to give you an idea of the sale process, let me describe it to you. best). This is because I want my clients to have certainty. To view and print a sample contract, click Sample Bid for an Advertised Timber Contract. Logs 40-79 yrs. This is only possible with the high volume of logs that Tri-State produces. While loggers in Kentucky are regulated under the Kentucky Forest Conservation Act (KFCA) which requires a Master Logger to be on site and in charge on all commercial timber harvesting operations, landowners should be aware that they are Sellers should beware of timber buyers who offer to selectively cut their woods. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. 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). 270-792-4018. Logs (lumber and veneer) 40-80 yrs. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. I can get you the name of the guy my buddy went with in Mercer Co if you want. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Pulpwood* 20-30 yrs. Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. 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You will need to know how to treat this on your tax return. Are there special places in your woods that you dont want disturbed? Example 4. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Marketing timber involves selling forest products in a competitive market to get the best return on your investment or to meet other objectives. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids. DON'T SELL UNLESS EVERYTHING IS IN WRITING. Logs (lumber and veneer) 40-60 yrs. Christmas trees 7-10 yrs. How to Host a Continuing Education Program. Pulpwood* 20-30 yrs. Prices based on woods run of timber. THREE REGIONS, ONE PURPOSE. Why Sell Timber? Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. S123 Ag Science North Pulpwood* 20-30 yrs. 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. . Logs 40-60 yrs. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. Chris Demers and Alan Long. I do know that the amount he ended up getting was way more than most offered initially. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. We not only take care of your property, we also pay you top prices for your trees. 2023 Tri-State Timber, LLC. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. 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. The cost for this service is $10 per 1,000 board feet. 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. In this blog post, we will discuss how to tell what your . Most cuts like that maple take over. 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. Pulpwood* and posts 20-30 yrs. 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. First, you can call on the free or low-cost services of state or university personnel. Christmas trees 8-15 yrs. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. Price per acre of hunting land in Kentucky averages $1,600. 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. West Virginia. 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. 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. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. $4.50. 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. Lexington, KY 40546-0091 The physical boundaries include the edges and corners of your woods. Documentation of landowner to retain all rights to carbon credits. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Selling cut products 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. 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. Also, once logs leave your property, you cannot be assured you are paid for them. 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. 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. Pulpwood* 15-25 yrs. We begin by meeting to view your timberland. 859-257-4772, Students / 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. Timber Evaluations and Price Proposals are free. 2. 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. 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. South Central Kentucky Don't let them skin you! Often, the larger the sale, the higher the price per unit of wood that can be offered. How can I transfer the knowledge and experience gained from managing the land to my family? If you really cut the timber, the price quote per board foot of all logs cut and hauled to market. 3. 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. (75-225 yrs. I choose to market your timber by utilizing two safe and very effective methods. Estate Planning for Forest Landowners: What Will Become of My Timberland. This may not mean that all bonded buyers are reputable but it gives you a good starting point. Poles and pilings 40-50 yrs. Pulpwood* 30-50 yrs. lands as if we were taking care of our own. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. 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. Do you want them to use existing roads or build new ones? HOME; About Us; This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. SHOW MORE . The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Post anything thread - piss n on lefties version. Visit theTimber Harvesting and Salespage to learn more. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. Landowners choose to conduct timber sales for a variety of reasons. We tell you up-front the amount you will receive for your timber. Are you receiving cost-share payments? 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 . Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Mills bid on the logs on site. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. We offer a real hands on approach to buying timber. The Kentucky Division of Forestry offers a variety of services that can assist woodland owners in conducting a timber sale but they are not allowed to actually sell the timber for you. kraig@kentuckylandandtimber.com 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. Please click on the following to learn more about timber harvesting:Individual Roles in Timber HarvestTimber Harvesting as a Woodland Management ToolTimber Harvesting Do's and Don'ts, 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. Delivered Wood Price Benchmarks; . JavaScript is disabled. Written notification to adjacent property owners within seven days of starting the harvest. All rights reserved. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . . Timber is a valuable commodity, and since most landowners only have timber harvested once or twice in a lifetime (at least on a large scale), some careful thought and a few simple actions before you sell your timber can ensure the process is done right. 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). College Partners Directory. Logs (lumber and veneer) 40-80 yrs. 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. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). 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? From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. 279 Shaw Station Road Leitchfield, KY 42754. Click here for the 2022 Tax Tips for Forest Landowners.. 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. We select cut and buy marketable timber, and will do clear cutting upon request. I do not charge for our initial meeting. For a better experience, please enable JavaScript in your browser before proceeding. Selling timber. Nuts 20+ yrs. Tips for Selling Your Timber - Kentucky Division of Forestry. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. 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. Few bad apples can spoil the whole bunch tree species and the average time to... 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