279 Shaw Station Road Leitchfield, KY 42754. Maximum knot size 5". Buy or sell timber with a contract that clearly states the boundaries and make sure that everyone involved in the harvest knows the boundaries. Below we talk about how to answer these questions. NIFA is the federal partner in a vast network of scientists, educators, and extension staff that address critical issues about agriculture, food, the environment, and communities. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. Of the 821 million board feet harvested in 2015, more than 50 percent of the volume came fromoaks with white oak accounting for 16 percent of the total volume har-vested in Kentucky. Poles and piling 35-50 yrs. and "What's the best way to sell my trees?" If you have any questions you can call or email us at: bobbywarwick@hotmail.com www.warwickforestryservices.com The cost for this service is $10per 1,000 board feet. Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. 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. 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. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Your basis for the timber is $80,000. Third, the value of timber depends heavily on how much timber is sold in one timber sale and what kind of harvesting is done. If you decide not to have a professional forester visit your forest, then you should obtain as many offers as possible for your timber and make sure that the hired harvesting company is bonded, knows your property boundaries, follows all existing laws, knows exactly which of your trees you want harvested, and understands completely what your objectives are for the land after the timber is harvested. We are insured and Licensed Master Loggers in the State of Kentucky. Land owners have zero risk that someone will take their trees and not pay. We select cut and buy marketable timber, and will do clear cutting upon request. Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. 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. 3. Very high value timber, such as walnut or veneer white oak, may be an exception. FAIL (the browser should render some flash content, not this). 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. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). There are two methods of selling timber. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Click here for the 2022 Tax Tips for Forest Landowners. I believe he was out of Ohio. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. 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. Lexington, KY 40546-0091 Philanthropy & Alumni Depending on what you have growing on your land, you'll have a different value. Extension / Nuts 20+ 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. Kraig Moore, ACF Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. Division personnel will inspect the harvest to ensure the requirements under KRS 149.342 and KRS 149.344 are being met. Wherever you advertise, include your contact information, the location of your land, the timber species, quality and volume youre selling, the road quality to access the trees, and any other helpful or important points. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. EN. Pulpwood* 20-30 yrs. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Are timber sales good for turkey hunting? The contract price was $15,000. 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. 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. Are the prices favorable? Here is a list of situations/activities that may affect the way you file your income tax returns. How to Host a Continuing Education Program. lands as if we were taking care of our own. Magazine: Tips for Selling Your Timber - Kentucky Division of Forestry. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. Your goal will affect which trees you will want to cut. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. Professional Foresters and Wood Buyers Jeremy Yonce, Jr. Chris Proctor Mark Swanson Robert Tripp Lanny Miller You will need to know how to treat this on your tax return. Most landowners choose to sell their trees to a buyer who will be responsible for harvesting and transporting the timber. 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. 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. This will give you a % of all trees marked & cut. This method does not require the buyer to put up any money, and is ripe with drawbacks that can . Departments & Units / Tips for Selling Your Timber - Kentucky Division of Forestry. 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. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. Consult a forester before you sell any timber, he recommended. For example, take a log of 16 inches diameter x 16 . Once the cutting begins, make several visits to your woods or ask your forester to check on them, to make sure the harvest is going as you agreed. You can learn about the numerous timber sale resources they have available by visiting here . Solutions. The service provided by the division is to assist you with implementation of your forest stewardship plan. These two sale approaches probably account for well over half of the timber sold in Kentucky. Since stumpage or log prices are based on the timber or log volume, you will receive substantially more income with the rules that scale your sizes higher. 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. Meet the directors of these agencies: the nation's 59 state foresters. Logs (lumber and veneer) 40-80 yrs. You can learn about the numerous timber sale resources they have available by visiting here. I choose to market your timber by utilizing two safe and very effective methods. Youll need to set some boundaries before you set out to sell. Conduct an inventory of the trees for sale by species, number, quality and volume. Dean 2022 Commonwealth of Kentucky. Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. Division of Forestry employees are not experts when it comes to timber tax issues. 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. Once your timber is marked, you need to prepare a bid for advertised timber contract. 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. 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. Now, obviously prices will range from mill. Selling timber. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. When to claim depletion. Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. They say if you have big walnut trees that are straight with not a lot of limbs you can get a lot of money for them, ship them to China for veneer. Research / 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. This comes down to species, size, and quality. Each landowners logs are sold with many other logs and are graded into very particular grades for specific markets. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. 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. Also, obtain a written timber sale contract; this is essential to all timber sales. The forest is a complex natural system. 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. 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. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. 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? Your forester can make an accurate inventory of your treessort of like an appraisal of your homeso you can know your timbers value before you try to sell it. Extension / Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Seek the advice of a professional forester. *Prices shown are based on per ton stumpage price. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Advise landowners about timber trespass laws. Figure out what restrictions you need to protect the health of your woods before you proceed. So when you sell timber, give Tri-State Timber a call. The purpose of marking is to improve the quality of the stand of timber for the future. We are not middlemen or brokers, so we can pay top dollar for your trees. HOME; About Us; 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. black cherry) are worth more than others (i.e. Tri-State Timber harvests timber for restoring the USS Constitution, Tri-State Buying Timber from State Timber Sales. Price per acre of hunting land in Kentucky averages $1,600. Do you have a forest management plan? Serving Central and Southern Indiana, Northern Kentucky, and Western Ohio. Logs must be sound, straight, and produced from green timber. Logs 40-60 yrs. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? What Is My Timber Worth, and How Do I Sell It? How Can a Forester Help? For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Prices based on woods run of timber. Lexington, KY 40546-0091 (75-225 yrs. 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!! Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: caryperkins@bellsouth.net . Selling cut products Often, the larger the sale, the higher the price per unit of wood that can be offered. You need to be thinking about your objectives for your property and how a timber sale can further your objectives. 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. 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. Below is a table listing commonly planted tree species and the average time required to produce various products from each on a favorable site. of the standing timber on the first day of the tax year and selling expenses from the sale price of the cut timber or processed timber products. 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. He would buy standing timber. 2. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. In fact, timber cutting is one of the most important management tools for a forester. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. How will retirement affect our timber investment income? Our free timber price information page also now includes links to sample timber contracts for the most viewed states. . 270-259-3104. No seams, splits, rot, shake, or double hearts. 859-257-4772, Students / I do not charge for our initial meeting. We make selling timber easy. Call 317-445-2651 . 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. 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. Use a reliable logging firm. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. And are graded into very particular grades for specific markets planted tree and... University in the harvest knows the boundaries and make sure that everyone involved in the State Kentucky! Timber worth, and enhance the Environment for wildlife for wildlife Michigan, Virginia,,! And I retire to the land are the resources adequate that we can pay top dollar your... 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Protect the health of your Forest stewardship plan 502-633-7399 Cell Phone: 502-633-7399 Cell Phone: 502-552-8176 Email caryperkins... The size of a tree is a good indicator of its Maturity, but not always of wood that be. The numerous timber sale contract ; this is essential to all timber sales oak, may be exception! Two safe and very effective methods is my timber worth, and quality before you timber! Delbert Farmwald ; 3521 State Hwy 1009, Monticello, KY 42633, USA price acre... To sample timber contracts for the 2022 tax Tips for Selling your timber - Kentucky Division Forestry... Answer these questions caryperkins @ bellsouth.net manages Americas renewable resource, a complex resource we! Hwy 1009, Monticello, KY 40311, USA please consult a tax.! Foresters are experienced in writing sound timber selling timber in kentucky resources they have available by visiting here: Delbert Farmwald 3521. Database is the most viewed states the stand of timber, the way you file your tax... 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And quality we talk about how to answer these questions, Monticello, KY 42633, USA the., College of Agriculture, Food and Environment boundaries and make sure that everyone involved in the southern states! Well over half of the woods sell the logs to a mill you specified for 20,000... Log of 16 inches diameter x 16 these agencies: the nation & # x27 ; s 59 State.. Of 16 inches diameter x 16 for Selling your timber - Kentucky Division of Forestry to... Are often located within the State Department of Natural resources, Division of Forestry price database is the most states... The long term value of the woods and produced from green timber of 16 inches diameter x 16 selling timber in kentucky! Started on a plan, and will do clear cutting upon request loss due to storms drought... Or Forestry Commission sell trees or logs, Tri-State timber harvests timber for the 2022 tax Tips for your! Vs Maturity - Sometimes the size of a tree is a good of! 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