Forest management is the art, science, and business of managing a forest for its most productive beneficial use bases for the landowner objectives.
Why us a Consulting Forester
Millwood Forest Management’s consulting forester will design a timber harvest that meets your goals in a sustainable manner. Our foresters also have a deep understanding of the markets, producers, and logging in the state. Putting an organized bid package will ensure an apple to apples bidding process where we can be assured you will compensated for your timber.
What Can we do for you?
Millwood Forest Management focuses on providing quality services tailored to landowners’ management objectives. Accomplished by real world experience of what can and cannot be done.
Including:
- Timber Sales and Administration
- Forest Management Planning
- Timber Appraisals
- Tax Basis Establishment/Stepped up Cost Basis
- Invasive Plant Control/TSI
Forest management planning is an important part of forest products. Without a plan for the future timber harvests effectiveness can be limited. Additionally, many landowners can receive generous property tax reductions for current agricultural use value (CAUV) and Ohio forest tax law (OFTL)
which are programs administered by the county auditor or division of forestry. Furthermore, forest management plans can be used to apply the Environmental Quality Incentives Program (EQIP) this is a cost share program that helps landowner address issues within their forests.
Appraisals of standing timber can be useful to landowners who are thinking of buying a track of forest ground or having an event such as a pipeline or oil/ gas pad development.
Establishment/ Stepped up cost basis
Who likes paying more tax than you have to? Depending on how long you have owned the property you could pay much less. Say you purchased a property 20 years ago and now want to sell some timber. We can grow those trees back to the purchase date and value them. You then take the value of the tree on the sale date and subtract it from the value on the purchase what you are left with is the taxable income.
Purchase Value 25.000 – Sale Value 50.000 – 25.000 of taxable income.