We sell timber into many different markets as lumber, veneer, and other forest products. Written notification to adjacent property owners within seven days of starting the harvest. Digital Media Library, Timber Harvesting as a Woodland Management Tool, College of Agriculture, Food and Environment. We are buying trees for our sawmill. Sellers should also beware of timber buyers who offer to buy all of the trees above a certain diameter. Consider both price and quality when selecting a logger. Likewise, larger trees will be worth more than smaller trees. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Click here for the 2022 Tax Tips for Forest Landowners.. 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. Logs 40-60 yrs. Logs (lumber and veneer) 40-60 yrs. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. 2023 Tri-State Timber, LLC. 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. Buyers of Standing Timber and Veneer Logs. 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. We have been buying and selling timber in Indiana, Kentucky, Ohio, and Illinois nearly 2 decades. Where the property boundaries are located. To get the best possible price for your timber, youll want to have several competing bids. We are also well positioned to serve . 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. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. 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. Most timber in Kentucky is sold on the shares method. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. All contract stipulations should be available in the timber sale request for bid so all buyers are bidding on a level playing field. A good timber contract can go a long ways to ensure that . 1609 Harmony Way In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. You had owned the timber for more than 1 year before the sale. How the sales price is determined. Research / There are, however, several ways you can obtain information about the value of your timber: Our recommendations on how to sell timber are similar to those for determining what timber is worth: One last bit of caution. 1296. 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. What Is My Timber Worth, and How Do I Sell It? BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. 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. Licensed foresters are experienced in writing sound timber sale contracts to meet specific client and property requirements. Selling timber is not simple, and there are many potential ways in which a landowner working without professional forestry expertise can be taken advantage of. Pulpwood* 20-30 yrs. We tell you up-front the amount you will receive for your timber. Consult with a professional forester who can assist the selection of trees based on their knowledge of the potential value of the timber. These two sale approaches probably account for well over half of the timber sold in Kentucky. Sell your timber by bids. Research / This may not mean that all bonded buyers are reputable but it gives you a good starting point. We are buying trees for our sawmill. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Now we are workin hard to try some other options to try to regenerate more oaks. 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. It may not display this or other websites correctly. I choose to market your timber by utilizing two safe and very effective methods. Logs (lumber and veneer) 40-80 yrs. Contacted by the Division of Enforcement? The cost for this service is $10 per 1,000 board feet. Maybe you are considering a sale of your property, and want to know the timbers learn more . If you own forestland and are approaching or in retirement, you may be asking yourself questions like: Can I afford to take early retirement, so I can work on projects on my property? Have you received ice or other storm damage to your woodlands? Here is a list of situations/activities that may affect the way you file your income tax returns. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. 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. They can also provide guidance for establishing planting areas. 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. Partnerships are integral to NIFA's mission. Example 4. Bowling Green, KY 42103 You obviously had a good mixed understory ready to take off when they did the cut. Often, the larger the sale, the higher the price per unit of wood that can be offered. Understanding a few timber-harvesting basics can help in making good decisions about your woodlands and harvesting. All rights reserved. Hi Aaron: Demand of hickory has improved over the last year. 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? The complaint accuses Old World Timber LLC of selling or offering to sell counterfeit 3M 1860 and 1860S N95 surgical masks that were stored in its warehouse. Documentation of landowner to retain all rights to carbon credits. Timber Evaluations and Price Proposals are free. Pulpwood* 15-25 yrs. Nuts 20+ yrs. Forest2Market's timber price database is the most complete and accurate timber pricing service in the southern United States. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? 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. -. 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. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS Cutting and Selling Your Own Logs. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. 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. best). Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. Wondering about the possibility of selling individual trees from your yard or small acreage tract? . Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Whether you are wanting to sell your timber or design a professional forest management plan, Ohio Foresters LLC will work with you every step of the way. Diffantly get more that one person to look at it. 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. It may be advisable to obtain legal counsel when preparing a contract. 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. Advise landowners about timber trespass laws. How much is a mature oak tree worth? CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. 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. The service provided by the division is to assist you with implementation of your forest stewardship plan. There are several steps you should follow before selling your timber. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. That's a rare, veneer white oak growing in excellent soil. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . 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. 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. How will retirement affect our timber investment income? You end up with a maple monoculture or if your lucky there is some beech mixed in. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Provide samples of timber sales contracts and bids. Flooring and cabinet manufacturing is likely the reason for this steady demand. General Specifications. There are many reasons why a landowner might choose to sell timber. Logs must be sound, straight, and produced from green timber. jhayek@illinois.edu. Seek the advice of a professional forester. In that case you will be fine. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. I will mark or inventory your timber in preparation for a sale. Our Mission: Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. Christmas trees 7-10 yrs. Philanthropy & Alumni Searching cheap houses for sale in Kentucky has never been easier on PropertyShark! You must log in or register to reply here. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Once your timber is marked, you need to prepare a bid for advertised timber contract. Your goal will affect which trees you will want to cut. Tips for Selling Your Timber - Kentucky Division of Forestry . I will mark or inventory your timber in preparation for a sale. College Partners Directory. Tri-State Timber is a leading producer of veneer and high quality logs. 9 West Timber can buy these white oak timbers from you in the woods (when you sign a cut and measure contract) . 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. , Kentucky, Ohio, and ask your forester for help your.! / this may not display this or other websites correctly trees, thus enhancing long! Timber management practices, hiking trails and cabin by the creek that planned. Affect the way you file your income Tax returns click here for 2022. Which trees you will want to have several competing bids Illinois nearly 2 decades smaller.. For your bottom line: knowing the value of the timber for more than trees. 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