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This contract outlines the terms and conditions associated with the sale of timber from National Forest land, detailing responsibilities of both the U.S. Forest Service and the purchaser, including

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by reading the contract carefully to understand the terms and conditions.
2. Enter the names and addresses of the seller and buyer at the top of the contract.
3. Specify the location of the timber and the boundaries of the sale area.
4. Clearly state the type and quantity of timber being sold.
5. Outline the payment terms, including the amount, due dates, and method of payment.
6. Include any specific instructions regarding the logging process and restoration of the land post-sale.
7. Clarify any additional obligations or rights of both parties.
8. Sign and date the contract at the designated lines.

Who needs TIMBER SALE CONTRACT?

1. Landowners looking to sell timber from their property.
2. Timber buyers such as logging companies or lumber mills.
3. Foresters involved in managing timber sales.
4. Legal representatives assisting with contract negotiations.

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, typically a landowner or forestry company, and a buyer who intends to purchase timber for logging or other uses.

Who is required to file TIMBER SALE CONTRACT?

The seller of the timber and the buyer engaged in the sale are both required to file a Timber Sale Contract to ensure compliance with regulations and to document the transaction.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, both parties must provide their contact information, details about the timber being sold, pricing, harvest terms, and any other relevant conditions or agreements.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to formalize the sale of timber, protect the rights of both parties, and clearly outline the terms and conditions of the transaction.

What information must be reported on TIMBER SALE CONTRACT?

A Timber Sale Contract must report information such as the names and addresses of both parties, description of the timber, sale price, payment terms, delivery conditions, and any legal obligations of the seller and buyer.