If you have sold timber or plan to sell timber, the way you sell may determine how much taxes are owed. Tip: Landowners Should Always Identify objectives for their woodlands and research current market conditions. Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. Clearcutting involves cutting all of the trees in a particular area, whereas selective cutting involves cutting individual trees throughout the stand. 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. best). Of course, many landowners sell timber for the purpose of generating income, but sometimes timber is harvested to salvage the value of trees that have been damaged by ice, wind, snow storms, wildfires, insects and disease. We are insured and Licensed Master Loggers in the State of Kentucky. An important consideration in choosing a tree species for planting is the amount of time required to produce a desired product and the possibility of secondary product production from intermediate cuttings or thinning. 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. 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. 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? Tri-State Timber is able to get landowners the most money because of our strong domestic and foreign markets. We grade and seed damage to the land. Pulpwood* 20-30 yrs. CRAB ORCHARD: Ottenheim Country Store; 5920 KY HWY 643, Crab Orchard, KY 40489. Lexington, KY 40546-0091 All rights reserved. You must log in or register to reply here. 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. $0.00. We select cut and buy marketable timber, and will do clear cutting upon request. 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. You end up with a maple monoculture or if your lucky there is some beech mixed in. Landowners also need to be familiar with the requirements of the Kentucky Forest Conservation Act and environmental regulations related to forestry operations. Are you building roads or fixing drainage problems? These two sale approaches probably account for well over half of the timber sold in Kentucky. Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. This is because I want my clients to have certainty. Iowa has a bonded timber buyer's law that requires anyone that buys timber to be bonded. Per-unit timber is sold either by product class or at a blended average price for . 2. Logs (lumber and veneer) 40-80 yrs. And theres one area where being informed can be very important for your bottom line: knowing the value of your trees. Departments & Units / Logs 40-80 yrs. The Virginia Department of Forestry monitors the health, composition, and inventory of Virginia's public and private forests to inform land management practices. This may not mean that all bonded buyers are reputable but it gives you a good starting point. You had owned the timber for more than 1 year before the sale. 279 Shaw Station Road Leitchfield, KY 42754. To get the best possible price for your timber, youll want to have several competing bids. Click here for the 2022 Tax Tips for Forest Landowners. Are timber sales good for turkey hunting? This contract will spell out the details of the timber sale. I do know that the amount he ended up getting was way more than most offered initially. 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. College Partners Directory. They can also provide guidance for establishing planting areas. Pulpwood* and posts 15-25 yrs. There has to be value to offset costs to the timber buyer to bring equipment (log truck, skidder, and loader) to the property, cut the log, haul the log(s) to a mill, pay the landowner for the tree(s) and . My father-in-law bought timber for years. Overall, the simple answer is no. Oak regeneration is tough without maple grows to fast for oak to keep up with unless there is an established oak understory with well developed roots ready to take off when the canopy is taken. Pulpwood* 20-30 yrs. Timber is a renewable resource and cash crop that will renew itself if correctly harvested. General Specifications. They love a "select" cut which they take all the good and leave all the bad. Consider your goals in selling timber on your land. Have you received ice or other storm damage to your woodlands? 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. Steps to Marketing Timber. Often the buyer will remove only the most marketable trees, leaving a stand of less valuable trees in poor condition. 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. How will retirement affect our timber investment income? Here is a list of situations/activities that may affect the way you file your income tax returns. Often, the larger the sale, the higher the price per unit of wood that can be offered. 3. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. Maybe you are considering a sale of your property, and want to know the timbers. His adjusted basis for depletion in the timber sold is $5,000 and he owned the timber for more than one year. EN. Department of Natural Resources and Environmental Sciences. Poles and piling 35-50 yrs. Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? 859-257-4772, Students / Will timber, land or both have to be sold to pay family administrative expenses and estate taxes? Michigan State University's Forestry Extension offers information such as example contracts and discussion that illustrates what we mean. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. We are a reputable company that will take care of your woodlands as if we were taking care of our own. In that case you will be fine. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. 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. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. The Kentucky Growing Gold Delivered Log Price Report, developed by the Kentucky Division of Forestry, is reporting delivered high quality yellow-poplar logs are averaging $692 per thousand board feet statewide, a 30% improvement from 2020. Logs 40-79 yrs. This type of timber sale is referred to as selling stumpage. How Do I Choose a Quality Logger? . 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. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Digital Media Library, College of Agriculture, Food and Environment. 270-259-3104. Delivered red oak logs have improved 51% for the higher quality logs and 29% for medium quality. Select cut after select cut tend to lead to a maple dominated forest. Logs (handle stock, lumber) 40-70 yrs. 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. Thomas Poe Cooper Building730 Rose StreetLexington, KY 40546-0073, Forestry and Natural Resources DepartmentEmail UK FNR(859) 257-7596, Forestry [email protected](859) 257-7597, Forestry and Natural Resources Quick LinksContact UsForestry TVWoodland OwnersFrom the Woods TodayFNR Job Board, Nancy Cox, Ph.D. Logs must be sound, straight, and produced from green timber. In the shares method, you will not know what your timber is worth until the last log is sold. However, a closer look at the data shows that higher quality trees are much more likely to be harvested than lower quality trees. Are you sure you want to delete your template? If my spouse and I retire to the land are the resources adequate that we can enjoy a satisfactory lifestyle? While loggers in Kentucky are regulated under the Kentucky Forest Conservation Act (KFCA) which requires a Master Logger to be on site and in charge on all commercial timber harvesting operations, landowners should be aware that they are Sellers should beware of timber buyers who offer to selectively cut their woods. Proper forest management is accomplished by identifying and selecting the best trees for removal. Research / No seams, splits, rot, shake, or double hearts. For instance, you may be interested in clearing the land for development, preserving wildlife or managing growth. Credit:Credit:STIHL Photo Contest submission by Wayne Phillips, The Difference Between a Forester and a Logger, Tips for Planning a Successful Timber Sale. 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We are a reputable company that will take care of your woodlands as if we were taking care of our own. Logs (lumber and veneer) 40-80 yrs. 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. HOME; About Us; Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. Youll also need to decide what you want to protect. Master loggers must complete the Kentucky Master Logger Program (KML) and learn how to operate efficiently within the framework of constantly changing environmental and safety regulations. Also, once logs leave your property, you cannot be assured you are paid for them. 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. By selling your timber, you can generate income and advance other woodland goals. Tri-State Timber is a leading producer of veneer and high quality logs. He would buy standing timber. Shelbyville, Kentucky 40065 Phone: 502-633-7399 Cell Phone: 502-552-8176 Email: [email protected] . Once the volumes have been determined, If you need to determine the value of your timber, this service should be considered. Taking the very best and leaving the rest is called high-grading and can lower long-term timber value. Timber is sold either "per-unit" or "lump sum." A per-unit sale is one in which the buyer and the seller negotiate a price per unit of harvested wood, and the buyer pays for the timber after it is cut and the volume is determined. Extension Forestry personnel are typically located at your local Land-Grant university in the Forestry Department. Extension / Size vs Maturity - Sometimes the size of a tree is a good indicator of its maturity, but not always. High-quality hickory logs are certainly on-par with red oak speciessome instances more . . Timber Evaluations and Price Proposals are free. Most of the woodlands in Kentucky have experienced timber harvesting at some point and many have been harvested multiple times, yet the relative area of woodlands in Kentucky has increased over 3 percent in the last 70 years. (30-130 yrs. Departments & Units / . All species of trees mature at a different rate. 1609 Harmony Way The training is a three-day program, one day per week for a three-week period. Professional foresters can help you plan your timber harvest and sale. -. 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. Your basis for the timber is $80,000. Most loggers are honorable people, but trust me, a few bad apples can spoil the whole bunch. FAIL (the browser should render some flash content, not this). 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