Get the free TIMBER SALE CONTRACT - fs usda

This document is a contract between the U.S. Department of Agriculture Forest Service and the Purchaser for the sale of timber, outlining the conditions, specifications, and provisions related to

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Obtain a copy of the TIMBER SALE CONTRACT template from the relevant authority.
2. Read the entire contract thoroughly to understand its terms and conditions.
3. Fill in the seller's information, including name, address, and contact details.
4. Specify the buyer's information in the same manner.
5. Describe the timber being sold, including species, estimated volume, and location.
6. Outline the payment terms, including price per unit and total payment amount.
7. Include details about the duration of the contract and any specific delivery dates.
8. State any warranties or guarantees related to the timber quality.
9. Review any additional clauses related to liability, indemnification, or breach of contract.
10. Both parties should sign and date the contract to make it legally binding.

Who needs TIMBER SALE CONTRACT?

1. Timber Sale Contracts are needed by timber sellers, including private landowners and logging companies, as well as buyers such as lumber mills or wood product manufacturers.

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 landowner or timber seller and a buyer, outlining the terms and conditions for the sale of timber from a specified area.

Who is required to file TIMBER SALE CONTRACT?

Typically, the timber seller or landowner is required to file the TIMBER SALE CONTRACT, as they are the ones selling the timber.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, you should provide required details such as the parties involved, description of the timber, sale price, payment terms, and any specific conditions or regulations applicable to the sale.

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 the seller and buyer, ensure fair compensation, and facilitate the management and harvesting of timber resources.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported on a TIMBER SALE CONTRACT includes the names and addresses of the parties, a detailed description of the timber to be sold, the price and payment method, delivery terms, and any legal or environmental stipulations.