Arranging a Timber Sale and Timber Sale Contracts

[Peter Smallidge]

Timber sales are relatively uncommon for most woodland owners, yet most properties are harvested at some point.  Harvests are infrequent, potentially of high value, and are unique in that the harvest puts the next crop at risk. Timber harvests need to have a written contract, but what details should be included in a process that isn't standardized.

A webinar on this topic will be offered on Wednesday July 20, 2016 through ForestConnect.  The webinar is an hour long and will be live at noon and again at 7PM.

Visit this site to obtain a registration access code. 

1. You need a personal registration ID to join this month’s webinar.  There is unlimited space for participants, the ID simply provides you the necessary access code.  Obtain your registration ID via:   https://cornell.webex.com/cornell/onstage/g.php?MTID=e20b64c4f50a4b...  If prompted for a password, use            C0rne11F0rest      (the word “CornellForest” except the o = zero= 0 and L = the number 1; the numbers are in red font).

The webinar has been pre-approved for 1.0 credits of SAF category 1 CFE units.

URLs that will be shared during the presentation include the following:

• •www.timbertax.org ; (not operational as of July 19 2016)
• Introduction to Forest Harvesting Systems (B. Spong, WVU) www.youtube.com/ForestConnect or http://youtu.be/XUUQ57Csdw4  

• Introduction to Silviculture (D. McGill, WVU) www.youtube.com/ForestConnect or http://youtu.be/_Ep2F-2DwMM

• Federal income tax treatment of timber income, Bill Hoover, https://www.extension.purdue.edu/extmedia/FNR/FNR_FAQ_3.pdf

• NYS DEC Stumpage Price Report, spring 2016, 

  http://www.dec.ny.gov/docs/lands_forests_pdf/spr2016w.pdf

I've attached a draft of talking points to help a woodland owner discuss a harvest with their forester.  I welcome comments, suggestions, edits, deletions, and other refinements from woodland owners and foresters.

Owner & Forester pre-harvest talking points