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This contract outlines the agreement between the U.S. Department of Agriculture Forest Service and the purchaser for the sale, cutting, and removal of included timber within the national forest.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by entering the date of the contract.
2. Identify the parties involved, including the seller and buyer's names and addresses.
3. Describe the timber being sold, including species, quantity, and location.
4. Specify the sale price and payment terms, including any deposits.
5. Outline the responsibilities of both parties regarding access to the timber, logging operations, and transportation.
6. Include terms related to severability, termination, and liability.
7. Provide a section for signatures and dates to finalize the agreement.

Who needs TIMBER SALE CONTRACT?

1. Loggers and timber harvesters looking to sell timber.
2. Landowners wanting to manage and sell their timber resources.
3. Forestry service agencies involved in timber sales.
4. Businesses that purchase timber for processing and manufacturing.

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 legally binding agreement between a seller (usually the landowner) and a buyer (usually a logging company) for the sale of timber from a specified area of land.

Who is required to file TIMBER SALE CONTRACT?

Typically, the seller of the timber, the landowner, or their authorized representative is required to file the Timber Sale Contract.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, parties should include details such as the names and addresses of seller and buyer, a description of the timber being sold, sale price per unit, payment terms, and any special conditions or requirements.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to formalize the sale of timber, providing legal protection for both parties and setting clear terms for the transaction.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported on a Timber Sale Contract includes the identification of the parties involved, the location and description of the timber, pricing details, payment terms, and any specific conditions or stipulations related to the sale.