Get the free TIMBER SALE CONTRACT - fs usda

This document outlines the agreement between the United States Department of Agriculture, Forest Service, and the Purchaser for the cutting and removal of timber from specified national forest areas.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by reading the entire contract to understand its terms and conditions.
2. Fill in the date of the contract at the top of the page.
3. Enter the names and addresses of both the buyer and seller in the designated fields.
4. Provide a detailed description of the timber being sold, including species, quantity, and location.
5. Specify the sale price and payment terms, including any deposit requirements.
6. Outline the responsibilities of both parties, such as logging operations and environmental protections.
7. Sign and date the contract at the bottom, ensuring both parties have copies.

Who needs TIMBER SALE CONTRACT?

1. Landowners looking to sell timber from their property.
2. Timber buyers or logging companies interested in purchasing timber.
3. Foresters and land management professionals involved in timber sales.

People Also Ask about

How much is 5 acres of pine trees worth?

"If a landowner plants five acres of pine trees today and manages it the way it should be managed, he or she can expect a return of $25,000-plus -- it could be much more than that -- when it matures at 35 years of age," Traugott said. "Timber buyers routinely purchase tracts of five acres or less."

What is a timber contract?

A written timber sale agreement or contract is generally the preferable and safest method of selling timber. A written contract is a legally binding document that protects both the buyer and the seller (the landowner) from misunderstandings that may develop in the absence of such an agreement.

How much do logging companies pay for timber?

How Much Money is an Acre of Timber Worth? Pine Timber Values/Acre YearPlantation*Natural 2017 $1,542 $1,618 2018 $1,694 $1,738 2019 $1,566 $2,0551 more row

How do you handle timber sales on a tax return?

How to report sale of lumber using Capital Gains - Schedule D: You may receive income by cutting timber and opting to treat that cutting as a sale, or by disposing of standing timber, which is known as stumpage. In this case the income is treated as a Capital Gain and is reported by the taxpayer on their Schedule D.

What trees are worth money for logging?

Walnut trees are always one of the most demanded trees in the wood industry. Oaks, maples, cherry, and ashes are also valuable trees. A high-quality veneer tree with a large diameter can be worth a lot but they are rare. A common rule is the bigger the log, the more it is worth.

How much is 100 acres of timber worth?

A 100-acre natural stand might be valued at $196,000–$216,800, with thinnings at $66,400–$75,700.

How much does timber profit per acre?

Using current timber market prices one acre of slash pine at age 25 is estimated to produce timber benefits of up to $8,314 per acre (Table 1).

How do I sell timber on my property?

You can advertise your timber through local timber markets, mills, or logging companies. You can also reach out to forestry organizations and associations for recommendations on reputable buyers.

For pdfFiller’s FAQs

What is TIMBER SALE CONTRACT?

A Timber Sale Contract is a legal agreement between a seller and a buyer regarding the sale of timber, outlining the terms and conditions of the sale, including pricing, payment schedule, and responsibilities for harvesting.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller of the timber and the buyer are required to complete and file a Timber Sale Contract to ensure legal compliance and clarity in the sale transactions.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, parties must include essentials such as the names and addresses of both parties, a description of the timber being sold, sale terms, payment details, and any pertinent legal stipulations or conditions.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to formalize the agreement between the timber seller and buyer, ensuring that both parties understand their obligations, the terms of sale, and the rights related to the timber being exchanged.

What information must be reported on TIMBER SALE CONTRACT?

Information required on a Timber Sale Contract typically includes the parties involved, detailed description of the timber, quantity, pricing, payment terms, harvesting methods, and any legal obligations or warranties.