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Selling Timber On Your Land
Selling Timber On Your Land. Once a landowner has a management plan and decides to move forward with a recommended timber sale, further planning is essential. Subtract the cost of the timber sold from your sales proceeds to determine the capital gain to be reported.

Studies show that timber sellers using professional foresters get up to 50% more per sale. Subtract the cost of the timber sold from your sales proceeds to determine the capital gain to be reported. Selling timber requires expert advice.
In Addition To Best Management Practices That Protect The Health And Productivity Of Your Woods, There Are Also Financial Considerations For The Owner’s Attention.
He or she will know timber product grades and values and be familiar with local timber buyers and the. Subtract the cost of the timber sold from your sales proceeds to determine the capital gain to be reported. This comes down to species, size, and quality.
It Is Highly Recommended That You Use A Consulting Forester To Sell Your Timber.
First, check the county courthouse for plats, deeds and tax maps. At any point during the sale of the land, we can quickly get a price for the timber if circumstances require. I provide an example below.
Certain Types Of Timber (I.e.
Call a surveyor to walk the property and physically draw out the lines that serve as your border. Land sales and timber harvest fact. With stumpage, there are 2 ways to be paid.
They Can Also Deduct From The Cost Basis Of Their Land Timber Damage Due To Insects, Fire, Wind Or Vandalism If They.
This publication looks at issues involving designing and building a new woodland road suitable for transport of timber products versu light vehicle traffic such as cars and pickups. If your land was surveyed in the past, plats show exactly where the lines and corners are located. The land was not acquired with the specific intent of selling timber or land;
A Landowner’s Guide To Selling Standing Timber 1 Atthe East Central Woodlot Conference, In February 2001, A Local Landowner Related His Personal Experience About How He Was Approached By A Local Logger Who Offered Him $5,000 To Mark And Harvest His.
Take your time with this step, otherwise you may lose out on what your timber is really worth. The wrong way by peter smallidge timber in farm woodlots and rural woodlands may offer economic opportunities for the landowner. If you do sell timber before selling your land, make sure there is a justified reason to improve your marketing and financial position.
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