Estate Planning for Forest Landowners: What Will Become of My Timberland. This type of cutting, known as high-grading, removes not only the current value of the stand, but much of its future value too. 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. 1296. 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. 2022 Commonwealth of Kentucky. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. All rights reserved.Kentucky.gov, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. If you cut 500 MBF of timber, your depletion allowance would be $40,000 (500 MBF $80). The training is a three-day program, one day per week for a three-week period. Like any agricultural crop, continued management is necessary during harvest and into the next rotation, McLaren said. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. 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. These factors include - Competition: Size-wise, wood basins are typically small, making up of a handful of counties. We tell you up-front the amount you will receive for your timber. 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? How the payment is to be made. You can check the Kentucky master logger Web site for a list of Kentucky master loggers in your area. Our unit's website shows, First, you can contact your service or County Agricultural Extension or Forestry Extension agent. I will mark or inventory your timber in preparation for a sale. tweet share email. kraig@kentuckylandandtimber.com All rights reserved.Kentucky.gov, Kentucky Forest Products Industry Directory, Liability Protection and Technical Assistance, Environmental Compliance Assistance Program. Wondering about the possibility of selling individual trees from your yard or small acreage tract? Alternatively, you can visit the website of the. Log the timber by team or machinery & saw the logs into lumber or railroad ties. Pulpwood* and posts 20-30 yrs. Hi Aaron: Demand of hickory has improved over the last year. 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. . Kentucky has rich resources of soils, a variety of tree species and ideal growing conditions for a valuable timber crop. An Official Website of the Commonwealth of Kentucky, Selling timber is something that most woodland owners do infrequently; and therefore, they are not familiar with how to claim the income or deductions when filing income tax forms. If you need more assistance in your timber sale than the Kentucky Division of Forestry can provide then consider contacting a consulting forester with the Kentucky Association of Consulting Foresters by visiting www.kacf.org. 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. We grade and seed damage to the land. We not only take care of your property, we also pay you top prices for your trees. Pulpwood* 10-20 yrs. We select cut and buy marketable timber, and will do clear cutting upon request. We are buying trees for our sawmill. Extension / Diffantly get more that one person to look at it. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Having a plan can help you decide the details of your harvestwhere, how, which trees, etc.and your steps after the timber sale. 317- 445-2651 . Therefore, the value of a stand of trees becomes whatever is agreeable between the buyer and seller. In the shares method, the logger cuts the trees and takes them to area mills and pays you a percent of what they receive. With several production facilities in the Eastern United States, Baillie is where the hardwoods are. Conduct an inventory of the trees for sale by species, number, quality and volume. Notify landowners that have property adjacent to the timber sale boundary in writing of the impend- ing harvest (per the timber trespass law KRS We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. . Are the wildlife plots, timber management practices, hiking trails and cabin by the creek that I planned still feasible? Logs 40-60 yrs. We are a reputable company that will take care of your wood. Once your timber is marked, you need to prepare a bid for advertised timber contract. 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. 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. The complaint also alleges that there . 859-257-4772, Students / Poles and pilings 40-50 yrs. We help landowners responsibly maximize the monetary values when they sell timber, yet still keep in mind the intrinsic values unique to each landowner. You will need to know how to treat this on your tax return. The physical boundaries include the edges and corners of your woods. Post anything thread - piss n on lefties version. Professional foresters can help you plan your timber harvest and sale. Your file is uploaded and ready to be published. 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. Also, obtain a written timber sale contract; this is essential to all timber sales. Not all timber land is created equal. For example, take a log of 16 inches diameter x 16 . The purpose of marking is to improve the quality of the stand of timber for the future. 2014 cropland value in Indiana is more than double ($6,950/acre) of that in Kentucky ($3,150/acre). Your timber will be on the market for approximately 30 days. Youll need to set some boundaries before you set out to sell. Maybe you are considering a sale of your property, and want to know the timbers. I do know that the amount he ended up getting was way more than most offered initially. 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. Youll also need to decide what you want to protect. 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. Cutting and Selling Your Own Logs. Leitchfield, Kentucky - Hardwood Lumber Concentration Yard. You may choose either to harvest your own timber and sell the cut product such as veneer and saw logs, pulpwood, posts and poles or to sell the standing trees and allow the buyer to cut and haul them. May 8, 2017 Timber sales timber harvest Bill Klase. Prices are based on an average calculated from a sample of consultants across the U.S., and only intended to provide an estimate of trends and current prices. Timber Evaluations and Price Proposals are free. 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. All commercial harvesting operations in Kentucky are required to have a Kentucky master logger on site and in charge. 1. There can be a substantial difference in taxes owed if you have to treat the dollars received as ordinary income versus capital gains. Maximum knot size 5". 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. JavaScript is disabled. Browse through Kentucky cheap homes for sale and get instant access to relevant information, including property descriptions, photos and maps.If you're looking for specific price intervals, you can also use the filtering options to check out cheap homes for sale under $300,000, $200,000, $100,000 and $50,000. Do you want them to use existing roads or build new ones? Saw pine wood can differ by as high as $20 per ton. Our methods minimize harvesting damage to your property, and enhance the environment for wildlife. In that case you will be fine. Click here for the 2022 Tax Tips for Forest Landowners. Do you have a forest management plan? Your forest land is a valuable asset and may represent one of the largest financial transactions youll ever make. I had a buyer tell me a tree I had marked last week was worth $1,000. Bahasa Indonesia Trke Suomi Latvian Lithuanian esk professional foresters can help you plan your timber marked! Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Lithuanian. Per ton railroad ties a list of Kentucky master logger Web site for a period... 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