selling timber in kentucky
"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. I will mark or inventory your timber in preparation for a sale. This is because I want my clients to have certainty. Do you have a forest management plan? Partnerships are integral to NIFA's mission. 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. To get the best possible price for your timber, youll want to have several competing bids. How to Host a Continuing Education Program. Pulpwood* 20-30 yrs. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Saw pine wood can differ by as high as $20 per ton. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. 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. West Virginia. . 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. Department of Natural Resources and Environmental Sciences. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Most timber in Kentucky is sold on the shares method. Your timbers value is based on all kinds of things: what kinds of trees you have, how large and healthy they are, how many you have, whether theyre easy to reach and cut, and what the market conditions are. Written notification to adjacent property owners within seven days of starting the harvest. These two sale approaches probably account for well over half of the timber sold in Kentucky. Performing this action will revert the following features to their default settings: Hooray! However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. There are two methods I use to market timber: This is the most valuable service to landowners. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . 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? I had a buyer tell me a tree I had marked last week was worth $1,000. See below. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. Bowling Green, KY 42103 Land owners have zero risk that someone will take their trees and not pay. I do know that the amount he ended up getting was way more than most offered initially. 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. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. How much is a mature oak tree worth? Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Poles and piling 35-50 yrs. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. Have you taken steps to minimize death taxes? How Can a Forester Help? Browse through Kentucky cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the filtering options to check out cheap homes for sale under $300,000, $200,000, $100,000 and $50,000. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. 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 value of this tree would be $195.00 for an average of $866.00 per thousand board feet. Click here for the 2022 Tax Tips for Forest Landowners. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. This contract will spell out the details of the timber sale. For example, take a log of 16 inches diameter x 16 . Use a reliable logging firm. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Pulpwood* 20-30 yrs. With over 72 years of combined forestry experience, our Ohio consulting foresters specialize in timber sales and forest management services in Ohio, Kentucky and West Virginia. Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! Maximum knot size 5". 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. Selling timber is like that toothere are several steps to the process, many of which may be new to you. Overly mature, older trees will die of old age, diminishing the value of the forest. . 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. EN. This will give you a % of all trees marked & cut. ultimately responsible for water quality protection on their land. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Extension / Extension Specialist, Forestry. Mark your property lines A good timber contract can go a long ways to ensure that . If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Are there special places in your woods that you dont want disturbed? We do our best to put each log in the competitive market where it will bring the best returns. Higher costs translate into lower prices offered. Logs 40-60 yrs. Several scientific studies have shown that timber sellers who hire a professional forestry consultant to organize the sale end up with profits equal to or greater than profits accruing to timber owners who do not hire a professional forestry consultant, even after subtracting out the consulting fee. 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. Seek the advice of a professional forester. First, even though statewide or regional prices can provide a taste of the level and trends of prices, what your timber is worth is somewhat dependent on local market conditions. When to claim depletion. Are timber sales good for turkey hunting? 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. The percent you receive is dependent on what you are selling, but commonly you will receive 50-60% of the timber value. Logs (lumber and veneer) 40-80 yrs. Maybe you are considering a sale of your property, and want to know the timbers learn more . Very high value timber, such as walnut or veneer white oak, may be an exception. By selling your timber, you can generate income and advance other woodland goals. The Southern Research Station is one of seven units that make up the U.S. Forest Service Research and Development organization the most extensive natural resources research organization in the world. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. 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. Step 1. Timber sales are the main service I provide. They can also provide guidance for establishing planting areas. Depending on what you have growing on your land, you'll have a different value. We are buying trees for our sawmill. kraig@kentuckylandandtimber.com The purpose of marking is to improve the quality of the stand of timber for the future. Proper forest management is accomplished by identifying and selecting the best trees for removal. Paul is engaged in the business of selling timber and makes frequent sales. best). The cost for this service is $10 per 1,000 board feet. Overall, the simple answer is no. This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. 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. One fall, we got it into our heads that we could maximize our profits on a timber sale by felling the trees ourselves. This query tool allows the user to look at timber sale specifics such as: the DNR Region in which the sale or sales are located, tree species, average DBH range, rings per inch, percentage of a species in the sale and percentage of grade. Sell your timber by bids. Contacted by the Division of Enforcement? Sell your timber by bids. The complaint also alleges that there . Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. We are insured and Licensed Master Loggers in the State of Kentucky. black cherry) are worth more than others (i.e. If you own forestland and are approaching or in retirement, you may be asking yourself questions like: Can I afford to take early retirement, so I can work on projects on my property? 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. 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. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . . Timber Evaluations and Price Proposals are free. Once the volumes have been determined, Learn more . The data also show there are differences with respect to the species that are being harvested. 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. 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. What Is My Timber Worth, and How Do I Sell It? Departments & Units / This is only possible with the high volume of logs that Tri-State produces. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. 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. However, any seller-oriented contract stipulation will usually add costs to the buyer and reduce the selling price of the timber. Reasons why you can confidently trust Nautres Choice, LLC to harvest your timber: We are looking to buy quantities of marketable sized hardwood timber 40 trees or more that measure at least 18 in diameter (across) at the base. 1. We grade and seed damage to the land. Tips for Selling Your Timber - Kentucky Division of Forestry. $0.00. Christmas trees 7-10 yrs. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? Solutions. The training is a three-day program, one day per week for a three-week period. 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. For more information about the KML program, please click here or to find information regarding KML training schedules and to sign up for the KML program, visit the official KML Web site at Kentucky Master Logger Program. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. This service is limited to 50 acres but waivers can be obtained for larger acreage. Are you building roads or fixing drainage problems? All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. 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. Christmas trees 8-15 yrs. Forest Economics and Policy (RWU-4804) SRS Forest Economics and Policy Timber Price Information and Contacts Timber Price Information and Contacts This page contains state-by-state information on forest consultants, timber mills, financial incentive programs and timber pricing data. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Logs (lumber, boxes) 40-70 yrs. 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. Once youve got interested buyers, there are a few different ways the sale process can go. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. How Do I Determine What Trees to Cut? College Partners Directory. Below we talk about how to answer these questions. Have you received ice or other storm damage to your woodlands? Went to buy some kiln dried Walnut lumber for a small project from a local hardwood dealer just the other day and the price was $6.50 a board foot!! Logs (lumber and veneer) 40-80 yrs. It may not display this or other websites correctly. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. Pulpwood* 10-20 yrs. Mills bid on the logs on site. Posts 25-35 yrs. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS 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. Price per acre of hunting land in Kentucky averages $1,600. Your goal will affect which trees you will want to cut. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Are the prices favorable? There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Consider your goals in selling timber on your land. pertaining to the timber sale and the protection of property in the contract. 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