Tax season is upon us and the Federal income tax provisions that apply to timber have changed for the 2018 tax year from the December 2017 new tax legislation. To help family timber owners, foresters, and their tax prep professionals in filing their 2018 tax returns, this bulletin provides income tax guidance that is current as of September 30, 2018. To print a copy of the full 2018 Tax Tips bulletin, click here. A reliable source for forestry tax information continued to the timbertax.org.

Woodland owners in 52 counties impacted by Hurricane Florence and recognized as federally-declared disaster areas can now apply for cost-share funding for reforestation efforts. The North Carolina General Assembly approved $2.5 million in time-limited funding for reforestation efforts that will be administered by the N.C. Department of Agriculture and Consumer Services and the N.C. Forest Service. Applications are now being accepted, and requests are being considered on a first-come, first-served basis. More information can be found in this press release.

The 4th quarter 2018 timber prices are now available on the NC State Extension Forestry web page . The price report provides state-wide, average standing timber prices for pine, oak, and mixed hardwood sawtimber, pine chip-n-saw, and pine and hardwood pulpwood. Read this short report for more detail on these prices, and f or more information on the 2018 fourth quarter stumpage prices in North Carolina, please visit the Quarterly Price Report web page .

Join other woodland landowners through out the region to learn about how you can take better care of your woodlands. This is a regional Extension course being offered in 5 sessions. The first four sessions are webinars hosted by your local Extension center on Thursdays from 7-9 PM from February 21, 2019 to March 14, 2019. Visit our event page to learn more about these webinars and how to join. An optional fifth session maybe offered by the local Extension center. To participate in this course contact your local Extension offices.

Woodland Owner Notes E-news is a monthly email newsletter from Extension Forestry at NC State University. This newsletter is made possible through support from Renewable Resources Extension Act and the National Institute of Food and Agriculture. The 2019 editors are:

Mary Lou Addor, NCSU, Eastern NC Sentinel Landscapes Partnership, Raleigh, NC

Robert Bardon, NC State University, Extension Forestry, Raleigh, NC

Jim Hamilton, NC Cooperative Extension Service, Asheville, NC

Alton Perry, Roanoke Electric Cooperative, Rich Square, NC

Colby Lambert, NC Cooperative Extension, Lillington, NC

Send Comments to the Editor, at NC State University, Email: extension_forestry@ncsu.edu . If you received this email as a forwarded message, and like what you see, please use this LINK to join the mailing list.