selling timber in kentuckyselling timber in kentucky

I do not charge for our initial meeting. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. The land prices in Indiana and Ohio though are not unfairly gauged, though. The cost for this service is $10per 1,000 board feet. pertaining to the timber sale and the protection of property in the contract. We are not harvesting more wood than we are growing. 2. Figure out what restrictions you need to protect the health of your woods before you proceed. Prices based on woods run of timber. 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. No seams, splits, rot, shake, or double hearts. To use it rationally requires a broad understanding of the biological processes involved as well as an appreciation for the economic, social . 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. Visit theTimber Harvesting and Salespage to learn more. All species of trees mature at a different rate. Tip: Foresters Will Maximize the present and future value of your timber by identifying trees that should be harvested and trees that should remain to regenerate the stand. Extension / 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. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. I can get you the name of the guy my buddy went with in Mercer Co if you want. . Estate Planning for Forest Landowners: What Will Become of My Timberland. Meet the directors of these agencies: the nation's 59 state foresters. Now we are workin hard to try some other options to try to regenerate more oaks. Paul is engaged in the business of selling timber and makes frequent sales. In most cases, diameter cutting is just another way of high-grading timber. Now, obviously prices will range from mill. Tips for Selling Your Timber - Kentucky Division of Forestry. 317- 445-2651 . If you have any questions you can call or email us at: [email protected] www.warwickforestryservices.com 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. Each timber sale is unique, so provisions of each contract may vary. Cost-Share Payments Are you receiving cost-share payments? If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). The contract protects you. Once youve chosen the winning bid, you will need to have a written, signed contract that describes what you and the buyer have agreed to, what everyones responsibilities are, and how payment will be made. I will mark or inventory your timber in preparation for a sale. We select cut and buy marketable timber, and will do clear cutting upon request. Field staff assist landowners through technical assistance and management planning to support conservation and sustainable forestry practices. Buyers of Standing Timber and Veneer Logs. 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. Logs (lumber and veneer) 40-80 yrs. Logs must be sound, straight, and produced from green timber. If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS All of those things can affect how much wood can be removed and the operational costs of harvesting. Your timber will be on the market for approximately 30 days. 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. Logs (lumber and veneer) 40-80 yrs. Then you will want to know about the IRS Timber Tax Form T available for download from the Internal Revenue Service at http://www.irs.gov/pub/irs-pdf/ft.pdf. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. best). To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report. Delivered Wood Price Benchmarks; . This service is limited to 50 acres but waivers can be obtained for larger acreage. The cost for this service is $10 per 1,000 board feet. Certain types of timber (i.e. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. How much is a mature oak tree worth? We do our best to put each log in the competitive market where it will bring the best returns. 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. 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. Monitor the harvesting process to ensure that Best Management Practices (BMPs) are used to protect water quality. Are you sure you want to delete your template? Wondering about the possibility of selling individual trees from your yard or small acreage tract? 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. 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 may not display this or other websites correctly. How the payment is to be made. 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. 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. The Kentucky Division of Forestry offers a variety of services that can assist woodland owners in conducting a timber sale but they are not allowed to actually sell the timber for you. Do you have a forest management plan? 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. Higher costs translate into lower prices offered. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. Tips for Selling Your Timber - Kentucky Division of Forestry . The contract price was $15,000. 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. Further, by obtaining the services of a professional, paid or unpaid, you can ensure that the land and forest remaining after the harvest is more productive in the long run. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. . Most timber that is not sold by a consultant is sold on what is called the shares method. They love a "select" cut which they take all the good and leave all the bad. 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. Did Emerald Ash Borer kill ash trees trees that you planted for future harvesting opportunities? I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Pulpwood* and posts 15-30 yrs. Kraig Moore, ACF Tri-State Timber and their crews have been awarded Logger of the Year by the Indiana Tree Farmers Association three different times. . All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. All rights reserved. Timber harvesting not only provides a source of income, it can help landowners accomplish other objectives. Logs 40-60 yrs. For example, an insect or disease outbreak may necessitate a harvest to salvage dying trees and protect the forest from further losses. I choose to market your timber by utilizing two safe and very effective methods. 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. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. Here is a list of situations/activities that may affect the way you file your income tax returns. Timber Evaluations and Price Proposals are free. South Central Kentucky Don't let them skin you! For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. There are two methods of selling timber. This is the most valuable service to landowners. Do you want them to use existing roads or build new ones? In this blog post, we will discuss how to tell what your . Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. The goal of KFCA is to protect water quality by requiring loggers to use appropriate BMPs. 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. If youve sold a house, a car, or any other piece of property, then you know that selling can be tricky. Paul Bunyan sold 10,000 board feed (10 MBF) of standing timber in a lump-sum sale on 4/15/20. This may not mean that all bonded buyers are reputable but it gives you a good starting point. Posts 20-30 yrs. 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. Dean With several production facilities in the Eastern United States, Baillie is where the hardwoods are. We pay one half the value upon the agreement to sell and the other half before the first tree is cut. There are many steps to take and things to learn for successfully cutting and selling your own logs. What Is My Timber Worth, and How Do I Sell It? 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. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. LOG LENGTH: 8'8" & 17'6". We grade and seed damage to the land. 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. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. The competitive market where it will bring the best returns though are not harvesting more wood we! Buyer & # x27 ; 8 & # x27 ; 6 & quot.... 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