[email protected] Our free timber price information page also now includes links to sample timber contracts for the most viewed states. NIFA's key partner is the nation's Land-Grant University (LGU) System, which includes . His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. Estate Planning for Forest Landowners: What Will Become of My Timberland. Pulpwood* 30-50 yrs. $0.00. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Have you taken steps to minimize death taxes? May 8, 2017 Timber sales timber harvest Bill Klase. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. 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. No seams, splits, rot, shake, or double hearts. Our Membership Our members are valued for their leadership, expertise, and public-trust commitment to managing and conserving public and private forests across the country. We grade and seed damage to the land. 4. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Although it is not required, landowners and loggers are encouraged to contact their local Kentucky Division of Forestry (KDF) office to notify them of a commercial timber harvest. 2022 Commonwealth of Kentucky. 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. Posts 20-30 yrs. Performing this action will revert the following features to their default settings: Hooray! Timber values may fluctuate wildly based on the species being harvested, their quality, their volume per acre and per tree, the distance to markets, logging difficulty level, time of year, contract restrictions, as well as current market conditions. 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. black cherry) are worth more than others (i.e. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Likewise, larger trees will be worth more than smaller trees. The appropriate method to use depends on the quality of the forest and the specific objectives of the landowner. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. Whether you are buying or selling timber, planning a harvest, brokering a timber sale or tracking the value of timber over time, Forest2Market . 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. Click here for the 2022 Tax Tips for Forest Landowners. Delivered Wood Price Benchmarks; . This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. 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. Department of Natural Resources and Environmental Sciences. We are also well positioned to serve . 1. One way to locate these foresters is by visiting the. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. 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. I had a buyer tell me a tree I had marked last week was worth $1,000. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. 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. 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. 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. This is for at least five possible reasons. best). How can I transfer the knowledge and experience gained from managing the land to my family? FAIL (the browser should render some flash content, not this). Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. 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?" 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. . An Official Website of the Commonwealth of Kentucky. Steps to Marketing Timber. Tri-State Timber is a leading producer of veneer and high quality logs. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Pulpwood* 20-30 yrs. I would say you got lucky. They can also provide guidance for establishing planting areas. 1609 Harmony Way 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. 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. Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. Logs 40-60 yrs. By selling your timber, you can generate income and advance other woodland goals. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? It can be more costly per unit of wood removed to cut only a few, selected trees, rather than cut most or all trees in the stand. Second, a timber stand's value is dependent on the species, sizes, and qualities of the trees growing in it. Logs 40-60 yrs. Step 1. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. 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. We are insured and Licensed Master Loggers in the State of Kentucky. Higher costs translate into lower prices offered. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Now we are workin hard to try some other options to try to regenerate more oaks. Baillie's locations are convenient to major North American shipping routes and seaports. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. I will mark or inventory your timber in preparation for a sale. We are a reputable company that will take care of your woodlands as if we were taking care of our own. Here is a list of situations/activities that may affect the way you file your income tax returns. First, you can call on the free or low-cost services of state or university personnel. Very high value timber, such as walnut or veneer white oak, may be an exception. I do know that the amount he ended up getting was way more than most offered initially. "That doesn't mean you plant the trees and get $100 to $150 a year -- landowners must properly manage the timber, thinning a few times over the 35-year lifespan. Program Planning and Administration Branch, Quality Assurance and Standard Operating Procedures, Purchase of Agricultural Conservation Easements, Develop Your Agriculture Water Quality Plan, Forest Stewardship Program and Landowner Services, Mine Permits and Mine Reclamation and Enforcement Regulations and Statutes, Abandoned Mine Lands Regulations and Statutes, Kentucky Mine Safety Review Commission Regulations and Statutes, Kentucky's Energy Statutes and Regulations, Find Information on Distributed Energy Resources, Environmental Education, Research, and Recreation, Apple Valley Glades State Nature Preserve, Blue Licks Battlefield State Park and Nature Preserve, Boone Cliffs and Dinsmore Woods State Nature Preserves, Cumberland Falls State Park and Nature Preserve, Eastview and Springhouse Barrens State Nature Preserves, Frances Johnson Palk State Nature Preserve, Younger's Creek/Jim Scudder State Nature Preserve, Kingdom Come State Park and State Nature Preserve, Lower Howard's Creek Nature & Heritage Preserve, Natural Bridge State Park and Nature Preserve, Obion Creek and Murphy's Pond State Nature Preserve, Pine Mountain State Park State Nature Preserve, Raymond Athey Barrens State Nature Preserve, Stone Mountain Wildlife Management Area and State Natural Area, Thompson Creek Glade State Nature Preserve, Kentucky River Palisades/Tom Dorman State Nature Preserve, Hall Hill/Vernon-Douglas State Nature Preserve, Breckinridge County Wildlife Education Park, Fort Donelson National Battlefield (Fort Heiman Unit), Kentucky Ridge State Forest and Wildlife Management Area, Perryville Battlefield State Historic Site, Knobs State Forest and Wildlife Management Area, Carter Caves State Park and Nature Preserves, John James Audubon State Park and Nature Preserve, KSU Environmental Education and Research Center, William Whitley House State Historic Site. Digital Media Library, College of Agriculture, Food and Environment. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Extension Specialist, Forestry. How Do I Choose a Quality Logger? This is only possible with the high volume of logs that Tri-State produces. There are many steps to take and things to learn for successfully cutting and selling your own logs. Have you received ice or other storm damage to your woodlands? Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. Pre-Sale preparation before you advertise or talk to prospective buyers volume of logs that tri-state.. Feed ( 10 MBF ) of standing selling timber in kentucky in a lump-sum sale on 4/15/20 take and to! You can call on the free or low-cost services of State or university personnel in the timber request... To locate these foresters is by visiting the high quality logs and 29 for. 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