All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. I believe he was out of Ohio. Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. We are buying trees for our sawmill. Baillie's locations are convenient to major North American shipping routes and seaports. Logs (lumber and veneer) 40-80 yrs. Prices based on woods run of timber. Christmas trees 7-10 yrs. 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. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. 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. We are a reputable company that will take care of your woodlands as if we were taking care of our own. A good timber contract can go a long ways to ensure that . CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. There are many reasons why a landowner might choose to sell timber. Landowners who cut timber on their own land for non-industrial purposes are not required to have a master logger certificate; however, landowners are responsible for implementing best management practices (BMPs) for the purpose of protecting watersheds as required under the Agriculture Water Quality Act. 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. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? 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. Buyers of Standing Timber and Veneer Logs. West Virginia. 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). Decided to go with Maple which was still $3.30/BF. Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Logs 40-60 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. Nuts 12+ yrs. 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. He would buy standing timber. 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. Your basis for the timber is $80,000. Mills bid on the logs on site. 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. Click here for the 2022 Tax Tips for Forest Landowners.. 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. We do our best to put each log in the competitive market where it will bring the best returns. 859-257-4772, Students / Have you taken steps to minimize death taxes? Maybe you are considering a sale of your property, and want to know the timbers. Sell your timber by bids. I do not sell timber on the shares method. Department of Natural Resources and Environmental Sciences. This comes down to species, size, and quality. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Some are ready for harvest in just a few years and others may take 40 or more years before they are mature enough to harvest. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). Are timber sales good for turkey hunting? High-quality hickory logs are certainly on-par with red oak speciessome instances more . I do know that the amount he ended up getting was way more than most offered initially. They love a "select" cut which they take all the good and leave all the bad. 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. Second, you can contact a professional forestry consultant. You will need to know how to treat this on your tax return. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. Provide samples of timber sales contracts and bids. The query tool uses dropdown menus to make choices. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Have you received ice or other storm damage to your woodlands? Post anything thread - piss n on lefties version. Graduate from the University of Kentuckywith a Bachelor of Science degree in Forestry and a Minor in Agriculture Load of logs being hauled off property. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service andthe Kentucky Division of Forestry shows that after factoring in mortality and all forms of removal Kentucky is growing more than twice the sawlog volume that is removed. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . Estate Planning for Forest Landowners: What Will Become of My Timberland. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Consider your goals in selling timber on your land. 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. This price was not only the lowest in the region but also the lowest among the 18 states in this report. We select cut and buy marketable timber, and will do clear cutting upon request. 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!! In this blog post, we will discuss how to tell what your . 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. Price per acre of hunting land in Kentucky averages $1,600. Your file is uploaded and ready to be published. FAIL (the browser should render some flash content, not this). 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. Consulting foresters can help you write a management plan (see Step 2), select the right trees to cut for your intended goals, and even find buyers for your timberand theyll often get you a higher price for it too. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. No high grading. Diffantly get more that one person to look at it. Are the prices favorable? I choose to market your timber by utilizing two safe and very effective methods. 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. Then you may qualify for a reforestation tax credit. In most cases, diameter cutting is just another way of high-grading timber. All species of trees mature at a different rate. Each timber sale is unique, so provisions of each contract may vary. Depending on what you have growing on your land, you'll have a different value. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. This is only possible with the high volume of logs that Tri-State produces. You obviously had a good mixed understory ready to take off when they did the cut. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. 279 Shaw Station Road Leitchfield, KY 42754. The physical boundaries include the edges and corners of your woods. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. Sell your timber by bids. pertaining to the timber sale and the protection of property in the contract. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. . Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. 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. $0.00. 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