This type of timber sale is referred to as selling stumpage. Overall, the simple answer is no. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. 859-257-4772, Students / Going a step further, if you, your spouse, or both of you were to die today, what would happen to the forestland that you have worked together a lifetime to obtain? 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. Pulpwood* and posts 15-25 yrs. 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. 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. An oak tree in a timber sale can be worth anywhere from 15 cents a board foot for pallet material quality up to $1.20 per board foot for high quality logs. Logs (lumber and veneer) 40-60 yrs. The cost for this service is $10per 1,000 board feet. You hired and directed a logger to cut your timber and sell the logs to a mill you specified for $20,000. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. This service is limited to 50 acres but waivers can be obtained for larger acreage. . Logs (lumber and veneer) 40-80 yrs. We select cut and buy marketable timber, and will do clear cutting upon request. This comes down to species, size, and quality. Tips for Selling Your Timber - Kentucky Division of Forestry. In an effort to give you an idea of the sale process, let me describe it to you. Where can I get assistance in selling my timber?Involving a professional forester in planning and implementing your timber sale is recommended. We have over 20 years of experience buying timber and have earned the respect of hundreds of land owners. Your timber will be on the market for approximately 30 days. Select cutting of larger trees enables the rapid growth of younger trees, thus enhancing the long term value of the woods. Are your forestry investments structured so that they will retain their value at your death? His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. 2. CARLISLE: David Graber; 4600 Burris Road, Carlisle, KY 40311, USA. It may be advisable to obtain legal counsel when preparing a contract. Below we talk about how to answer these questions. We are buying trees for our sawmill. How the sales price is determined. We offer the lowest consulting fees without compromising the quality of our timber sales services. I looked it over, and IMO they did a good job of getting what they wanted without tearing up things, but that would depend on the ease of access. Contact a local Kentucky sawmill or timber mill and ask whether it will purchase your tree. Timber selling methods. SHOW MORE . Indiana, Illinois, Michigan, Virginia, West Virginia, Kentucky, and Tennessee. Conduct an inventory of the trees for sale by species, number, quality and volume. 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. Logs 40-79 yrs. A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. If you need to determine the value of your timber, this service should be considered. 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. Extension / If you experienced significant timber loss due to storms, drought or other environmental conditions, please consult a tax expert. Seek the advice of a professional forester. So when you sell timber, give Tri-State Timber a call. We grade and seed damage to the land. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. Once your timber is marked, you need to prepare a bid for advertised timber contract. 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. Saw pine wood can differ by as high as $20 per ton. If yes, will it continue to function as an effective tool for the survivors and provide for them in an equitable manner without disruption? If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. The purpose of marking is to improve the quality of the stand of timber for the future. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Performing this action will revert the following features to their default settings: Hooray! Are you receiving cost-share payments? Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? 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. 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. Logs 40-60 yrs. 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. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. A quick review of the latest Kentucky forest inventory data collected by the U.S. Forest Service and the 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. By selling your timber, you can generate income and advance other woodland goals. The query tool uses dropdown menus to make choices. Professional foresters can help you plan your timber harvest and sale. Department of Natural Resources and Environmental Sciences. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Most cuts like that maple take over. 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. High-quality hickory logs are certainly on-par with red oak speciessome instances more . Logs (lumber and veneer) 40-80 yrs. If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? Logs (lumber and veneer) 40-80 yrs. The data also show there are differences with respect to the species that are being harvested. Often, the larger the sale, the higher the price per unit of wood that can be offered. All of those things can affect how much wood can be removed and the operational costs of harvesting. 2022 Nature's Choice, LLC | Amish Business. This mix of 10 x 20 black oak, white oak and post oak trees from a homebuilding site would sell for about $75-$100 each, delivered to a local sawmill. WTS - Bullitt County / Ruger 357 Magnum with Night Sights - Reduced. A train derails in Manatee County(FL) while carrying propane tankers. Decided to go with Maple which was still $3.30/BF. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Kentucky Hunting is the leading online community for outdoors enthusiasts to discuss hunting, fishing, archery, and life in Kentucky. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Meet the directors of these agencies: the nation's 59 state foresters. Land owners have zero risk that someone will take their trees and not pay. DON'T SELL TO A TIMBER BUYER THAT IS NOT BONDED. 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. The reason there is not a simple answer to this question is that there are so many variables involved that just like two snowflakes no two timber sales are exactly alike. 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. Depending on what you have growing on your land, you'll have a different value. Division of Forestry employees are not experts when it comes to timber tax issues. Independent forestry consultants often have a wide network of contractors in order to custom-tailor service for each landowner. 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. Step 1. 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. Click here for the 2022 Tax Tips for Forest Landowners.. Poles and piling 35-50 yrs. 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. Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Poles and pilings 40-50 yrs. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. Extension / You can sell through an oral auction where several buyers attend and verbally bid on the trees, or you can request sealed bids that allow you to compare several different offers on sale day. The Southern Research Station is one of seven units that make up the U.S. Forest Service Research and Development organization the most extensive natural resources research organization in the world. This might be done through a forester walk-through, cruise or what's known in my area when mixed-age, mixed-species . 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. $4.50. Any thoughts? Timber is a renewable resource and cash crop that will renew itself if correctly harvested. : Tri-State Timber manages Americas renewable resource, a complex resource that we all value differently. Extension Specialist, Forestry. 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. (75-225 yrs. The service provided by the division is to assist you with implementation of your forest stewardship plan. This method requires the buyer to pay you a share (often 50%) of the money they receive from selling your timber. . 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. Advertise to Buyers: Take your time with this step, otherwise you may lose out on what your timber is really worth. Marked, you need to prepare a bid for advertised timber contract wts - Bullitt County / 357... Which was still $ 3.30/BF planning and implementing your timber buyer to pay you a share often. With this step, otherwise you may lose out on what your timber sales services you! Service should be considered Manatee County ( FL ) while carrying propane tankers sales services whether! And not pay buyer & # x27 ; s law that requires anyone that timber... 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