It sounds like they do the leg work to get the best price after the logs are cut and ready to be hauled off. 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. Have you taken steps to minimize death taxes? Consult a forester before you sell any timber, he recommended. Mark your property lines Flooring and cabinet manufacturing is likely the reason for this steady demand. Private and public foresters provide different services. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. Extension / Bowling Green, KY 42103 Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. $4.50. Most timber in Kentucky is sold on the shares method. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. report published by the U.S. Forest Service, Southern Research Station., 2022 Commonwealth of Kentucky. 270-259-3104. If you are selling stumpage or logs, it is important to recognize the differences in volume associated with the different log rules. For answers to all these questions, download a copy of the Estate Planning for Forest Landowners: What Will Become of My Timberland? 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. Delivered Wood Price Benchmarks; . For example, take a log of 16 inches diameter x 16 . 1. They can also provide guidance for establishing planting areas. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. For a better experience, please enable JavaScript in your browser before proceeding. In the shares method, you will not know what your timber is worth until the last log is sold. You will need to know how to treat this on your tax return. How Do I Choose a Quality Logger? After receiving the bids, proceed with hiring a logger, usually the highest bidder, with a written timber sale contract. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. How the payment is to be made. Where the property boundaries are located. Are your forestry investments structured so that they will retain their value at your death? An Official Website of the Commonwealth of Kentucky, Selling timber is something that most woodland owners do infrequently; and therefore, they are not familiar with how to claim the income or deductions when filing income tax forms. We are a reputable company that will take care of your wood. Forests can be harvested using a variety of methods ranging from clearcutting to selective cutting. Pulpwood* 10-20 yrs. 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Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. 1609 Harmony Way The contract price was $15,000. I recently had a logger survey my farm. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. Poles and pilings 40-50 yrs. (30-130 yrs. Most timber that is not sold by a consultant is sold on what is called the shares method. This is the most valuable service to landowners. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Maximum knot size 5". Decided to go with Maple which was still $3.30/BF. I do not charge for our initial meeting. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. kraig@kentuckylandandtimber.com 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. Proper forest management is accomplished by identifying and selecting the best trees for removal. Logs (lumber and veneer) 40-80 yrs. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Sell your timber by bids. 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. I do know that the amount he ended up getting was way more than most offered initially. Will sharing that income with our children serve to enrich and motivate them? Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Philanthropy & Alumni Do you want the loggers to follow certain rules? We are a reputable company that will take care of your woodlands as if we were taking care of our own. FAIL (the browser should render some flash content, not this). Not all timber land is created equal. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. Tips for Selling Your Timber - Kentucky Division of Forestry . Create a contract and monitor the sale to resolve issues that may arise. Saw pine wood can differ by as high as $20 per ton. Research / A professional forester can be invaluable when it comes to managing for long-term woodland sustainability. The Kentucky Forest Conservation Act (KRS 149.330 - 149.355) requires that every commercial logging operation in Kentucky have a master logger on site and in charge at all times. If you need more assistance in your timber sale than the Kentucky Division of Forestry can provide then consider contacting a consulting forester with the Kentucky Association of Consulting Foresters by visiting www.kacf.org. jhayek@illinois.edu. Participants must attend and participate in all three days of the program to be designated as a Kentucky master logger. 859-257-4772, Students / Posts 20-30 yrs. 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. Visitors to our timber and log price information on the web page are often looking for answers to two simple questions: "What is my timber worth?" 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. 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. Have you and a neighbor traded some woodlands for better management opportunities? This price was not only the lowest in the region but also the lowest among the 18 states in this report. 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? Below we talk about how to answer these questions. Figure out what restrictions you need to protect the health of your woods before you proceed. 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. Fundamentally, steps 1 through 8 are all about being prepared and informed. Philanthropy & Alumni We begin by meeting to view your timberland. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. Timber Evaluations and Price Proposals are free. You obviously had a good mixed understory ready to take off when they did the cut. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. THREE REGIONS, ONE PURPOSE. In most cases, diameter cutting is just another way of high-grading timber. Wondering about the possibility of selling individual trees from your yard or small acreage tract? Third, you can get a rough idea of the level and trends of timber prices by examining the prices for timber in your state or surrounding states. Baillie's locations are convenient to major North American shipping routes and seaports. 859-257-4772, Students / Performing this action will revert the following features to their default settings: Hooray! The training is a three-day program, one day per week for a three-week period. Logs 40-80 yrs. Cutting and Selling Your Own Logs. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. We are insured and Licensed Master Loggers in the State of Kentucky. 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