Re: Logging 60/40 split or $700 a truck load???
[Re: H5Farm]
#6458430
02/11/19 08:48 PM
02/11/19 08:48 PM
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Joined: Jan 2007
Posts: 6,491 central Haudenosaunee, the De...
white marlin
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trapper
Joined: Jan 2007
Posts: 6,491
central Haudenosaunee, the De...
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say your mom and dad left you a used car lot that you know nothing about (they bought it after you moved out of state, you haven't been back, yada yada...).
and someone offered to buy "some" of the cars from you for $1800 each...
you don't know how many are month-old Porsche 911's, or how many are 1973 Pintos. probably some BMW's, but how many?
would you sell without knowing what you have?
if you do, the buyer isn't likely to waste his time with the Pintos, but that's what YOU'LL be left with, after the sale.
Last edited by white marlin; 02/11/19 08:57 PM.
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Re: Logging 60/40 split or $700 a truck load???
[Re: Golf ball]
#6458435
02/11/19 08:51 PM
02/11/19 08:51 PM
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Joined: Dec 2010
Posts: 1,129 west ny
bulldozerjoe
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trapper
Joined: Dec 2010
Posts: 1,129
west ny
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The last forester I talked to charged 10% and did all the leg work, he measured and marked all trees to be cut and sent out up to a hundred bid packets to loggers around the Midwest. In my case I wanted a select cut with only the ash trees removed as they were going to die anyway ! You can have YOUR timber cut anyway you want and a good forester should be more than willing to work with you if you have thoughts of your own ! If your willing to let anyone have more than 50% of your logs then I have some swamp land for sale , lol ! Listen to this^^^^^
No matter how much money you make, always eat good🐠
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Re: Logging 60/40 split or $700 a truck load???
[Re: H5Farm]
#6458467
02/11/19 09:11 PM
02/11/19 09:11 PM
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Joined: Aug 2008
Posts: 16,275 ny
upstateNY
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trapper
Joined: Aug 2008
Posts: 16,275
ny
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sounds like a hose job.Worth more than that as firewood.
the wheels of the gods turn very slowly
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Re: Logging 60/40 split or $700 a truck load???
[Re: charles]
#6458488
02/11/19 09:26 PM
02/11/19 09:26 PM
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Joined: Dec 2006
Posts: 1,580 Duluth, MN
Clark
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trapper
Joined: Dec 2006
Posts: 1,580
Duluth, MN
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Why would he owe SS tax on a lumber sale? Just asking. If he did it right, which very few landowners do, he could pay zero in taxes on this timber sale. Now, he would have had to have the timber appraised by a forester and then set up a timber basis for his property which costs money but the potential savings in taxes can be significant. Timber, if cut after more than one year of owning the land, is taxed as a capital gain which is 15%. If you sell $20K worth of timber (not difficult to do) you’ll owe $3K in taxes, which is less than most appraisals. Clark
Common sense is the collection of prejudices acquired by age eighteen. -Albert Einstein
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Re: Logging 60/40 split or $700 a truck load???
[Re: Bigfoot]
#6458784
02/12/19 06:10 AM
02/12/19 06:10 AM
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Joined: Jan 2007
Posts: 6,491 central Haudenosaunee, the De...
white marlin
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trapper
Joined: Jan 2007
Posts: 6,491
central Haudenosaunee, the De...
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Foresters are just as coruptible as loggers. After all the whole premise for their existance is that all loggers are thieves., not true, at all. (well, except that there are bad foresters, as well). the reasons to hire a forester include his/her expertise in managing your forest for present and future productivity. if you make a mistake in forestry, you and your kids and grandchildren will pay for it. and yes, your forester will protect the landowner's interests (financial, tax considerations and condition of the land following the harvest) with a good, solid contract. do your homework on your forester, too; and hire a GOOD one....you'll be glad you did.
Last edited by white marlin; 02/12/19 06:12 AM.
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Re: Logging 60/40 split or $700 a truck load???
[Re: H5Farm]
#6458955
02/12/19 10:10 AM
02/12/19 10:10 AM
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Joined: Dec 2006
Posts: 3,036 New York
Fire Fly Guy
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trapper
Joined: Dec 2006
Posts: 3,036
New York
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Hire a Timber consultant. Around here they come in, mark the trees to be cut, figure out the board feet, managage the process and require a bond for property damage and put the logs out to bid............ before they are cut, so you know exactly whats coming to you. They do this for 10%.
When we had ours logged, the bids were from $15,000 to $66,000 thousand. pretty big price swing........... and we had our money in escrow before a tree was ever touched.
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