selling timber in kentucky

selling timber in kentucky

How Do I Choose a Quality Logger? Are timber sales good for turkey hunting? Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. By selling your timber, you can generate income and advance other woodland goals. Kentucky ALPHA: Delbert Farmwald; 3521 State Hwy 1009, Monticello, KY 42633, USA. Logs 40-80 yrs. Are you sure you want to delete your template? . 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. From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. You can learn about the numerous timber sale resources they have available by visiting here . We begin by meeting to view your timberland. BETHEL: Henry Hertzler; State Rt 11 North, Bethel, KY 40360. 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. Select cut after select cut tend to lead to a maple dominated forest. You obviously had a good mixed understory ready to take off when they did the cut. Megamenu; Timber Prices. 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. *Prices shown are based on per ton stumpage price. Selling Timber If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. 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. Buyers of Standing Timber and Veneer Logs. In this blog post, we will discuss how to tell what your . $8.00. Contacted by the Division of Enforcement? You may choose to have a forester with the Division of Forestry assist you or you may hire a consulting forester. 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. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Logs 40-79 yrs. Tips for Selling Your Timber - Kentucky Division of Forestry . In most cases, diameter cutting is just another way of high-grading timber. I would say you got lucky. There are two methods I use to market timber: This is the most valuable service to landowners. HOME; About Us; Departments & Units / 2022 Nature's Choice, LLC | Amish Business. The forester will provide the landowner with his estimate of the owner'smerch timber that is to be sold. 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. Mills bid on the logs on site. 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. Logs 40-60 yrs. 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. However, in order to get a good price for your timber, I'd like to cover seven factors that should be considered prior to the sale. Whatever the reason for harvesting, a professional forester can help you plan a harvest that will suit your objectives and maximize your income. Logs (lumber and veneer) 40-80 yrs. best). Research / Conduct an inventory of the trees for sale by species, number, quality and volume. Everyone talking money don't let them ruin your forestland. 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No seams, splits, rot, shake, or double hearts. I have 12 acres of mixed hardwoods just wondering if it's a good time to sell your timber? Likewise, larger trees will be worth more than smaller trees. 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. Then you may qualify for a reforestation tax credit. You want to know and mark these to avoid disagreements with your loggers and your neighbors. Do you want them to use existing roads or build new ones? Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Nobody knows exactly how much your timber is worth until it is sold but there are ways to obtain an estimation of its value. This service is limited to 50 acres but waivers can be obtained for larger acreage. 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. Most of ours is maple beech due to the same type of cutting several times. SHOW LESS . This process requires some planning and pre-sale preparation before you advertise or talk to prospective buyers. We grade and seed damage to the land. (your forester can provide one), or place an ad in a local newspaper inviting buyers to contact you for details. While Kentucky has more than 100 native tree species, only about 50 have commercial timber value; of those with commercial timber value, a relatively few species account for the majority of harvested volume. 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. 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. 3. Bowling Green, KY 42103 For any landowner or logging company looking to sell trees or logs, Tri-State Timber can provide the service you need. Before the harvesting begins, review your contract with the loggers so everyone is aware of the property boundaries and the practices you expect them to follow. 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. black cherry) are worth more than others (i.e. Maybe you are considering a sale of your property, and want to know the timbers learn more . Lexington, KY 40546-0091 This service is limited to 50 acres but waivers can be obtained for larger acreage. 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? How Do I Determine What Trees to Cut? The purpose of marking is to improve the quality of the stand of timber for the future. The forest is a complex natural system. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Baillie's locations are convenient to major North American shipping routes and seaports. Dean Use a reliable logging firm. There are many reasons why a landowner might choose to sell timber. SHOW MORE . Are you planting trees in abandoned fields or conducting site preparation for your woodlands next timber rotation? -. Second, you can contact a professional forestry consultant. Selling timber is like that toothere are several steps to the process, many of which may be new to you. 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. The greater the harvest expense per tree, the less the harvester may be willing to pay for the trees. 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