A Landowner’s Guide to the Sale of Standing Timber
Thinking of Selling Your Timber?
Here’s some advice:
Your woodlot is a valuable asset. In addition to its timber, you must consider everything that it contains – wildlife habitat, water resources, opportunities for recreation and aesthetic values. Before you harvest, make sure your woodlot is protected.
A well-managed woodlot should be considered an investment – for your own benefit today and as a legacy for future generations.
Do Some Research
If you are unfamiliar with the value of forest products such as veneer or sawlogs, take the time to do some basic research. How can you get a fair price if you don’t know what the market is paying?
Take an inventory of your woodlot. Find out about the variety, age and number of trees growing on your land.
Prepare a management plan. Whether you are harvesting for a source of revenue or for other objectives, you will benefit from advance planning.
Decide Which Trees to Harvest
Select and mark the trees that you plan to sell. Trees must be marked so that you can accurately compare bids from interested buyers. Keep in mind that it is in your best interest to have a healthy, productive woodlot after the harvest.
Ask for References and Sign a Contract
Check references to ensure that your buyer’s previous customers were satisfied with the harvesting operation.
Ensure you have a signed contract that protects your interests.
Monitor the Harvest
Spend some time in your woodlot during the harvesting operation to ensure that the work is done to your satisfaction. Always make sure the loggers know where you are if you visit while they are working.
Consider Other Values
Make sure that wildlife habitat and the aesthetic and recreational values of your woodlot are protected during harvesting.