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This document outlines the agreement between the U.S. Department of Agriculture Forest Service and a purchaser for the sale of timber from national forest lands, specifying terms related to wood cutting

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by downloading or obtaining a copy of the Timber Sale Contract.
2. Read the entire contract to understand the terms and conditions.
3. Fill in the names and contact information of the buyer and seller at the designated sections.
4. Clearly define the timber species and quantities being sold.
5. Specify the location of the timber sale area or parcel.
6. Include details regarding the sale price, payment terms, and any deposit required.
7. Review any additional terms regarding logging operations, road access, and environmental protections.
8. Sign and date the contract to finalize agreement from both parties.
9. Keep copies of the signed contract for your records.

Who needs TIMBER SALE CONTRACT?

1. Lenders and financial institutions involved in timber financing.
2. Timberland owners looking to sell their timber.
3. Logging companies or buyers interested in purchasing timber.
4. Legal professionals involved in drafting or reviewing timber sale contracts.
5. Environmental agencies monitoring compliance with timber sale regulations.

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 two parties, typically a landowner and a timber buyer, that outlines the terms and conditions under which timber will be harvested and sold.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the landowner and the timber buyer are required to file a TIMBER SALE CONTRACT to ensure legal compliance and to protect their respective interests.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, both parties must provide essential details such as names, addresses, description of the property, type and quantity of timber, payment terms, and any additional conditions agreed upon.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to legally define the rights and responsibilities of both parties regarding the sale, harvesting, and management of timber resources.

What information must be reported on TIMBER SALE CONTRACT?

The TIMBER SALE CONTRACT must report information such as the identities of the buyers and sellers, the location and description of the timber, the payment structure, harvesting details, and any contractual obligations or restrictions.