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This contract records the agreement between the U.S. Department of Agriculture, Forest Service, and the purchaser for the sale of timber to be cut and removed from the specified national forest area.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by reading the entire contract carefully to understand its terms and conditions.
2. Fill out the date of the agreement at the top of the contract.
3. Provide the name and contact information of both the seller and the buyer.
4. Describe the property where the timber is located, including legal descriptions if applicable.
5. Specify the type and quantity of timber being sold.
6. Determine the price per unit of timber and calculate the total sale price.
7. Outline the payment terms, including deposit requirements and payment method.
8. Clarify the responsibilities of both parties regarding the harvesting and transportation of timber.
9. Include any relevant clauses for damages, liability, or insurance requirements.
10. Sign and date the contract, ensuring both parties retain a copy.

Who needs TIMBER SALE CONTRACT?

1. Landowners who want to sell timber from their property.
2. Logging companies or buyers looking to purchase timber.
3. Real estate professionals involved in timberland transactions.
4. Legal professionals needing a framework for 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 the seller and buyer that outlines the terms and conditions for the sale of timber from a specified tract of land.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller (landowner) and the buyer (purchaser) are required to file a TIMBER SALE CONTRACT, particularly if it involves significant volumes of timber or if regulations mandate it.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, parties must provide accurate details such as identification of the property, description of the timber being sold, terms of payment, duration of the contract, and signatures of both parties.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to establish clear terms for the transaction, protect the interests of both parties, and ensure compliance with legal regulations related to timber sales.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported includes the legal description of the property, species and quantity of timber, payment terms, rights and responsibilities of each party, and any special conditions or provisions.