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This document is a contract between the U.S. Department of Agriculture Forest Service and a purchaser for the sale of timber from the National Forest, detailing the conditions, terms, and obligations

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Read the contract carefully to understand all terms and conditions.
2. Fill in the date of the contract at the top.
3. Provide the names and addresses of both the buyer and seller.
4. Describe the specific timber to be sold, including species and quantity.
5. Specify the sale price and payment terms.
6. Include the location of the timber and access rights.
7. Outline the responsibilities of both parties regarding harvesting and transportation.
8. Sign and date the contract at the bottom after checking for accuracy.

Who needs TIMBER SALE CONTRACT?

1. Timber sellers who own forestry land and wish to sell timber.
2. Timber buyers, such as logging companies, looking to acquire timber for commercial use.
3. Landowners seeking legal documentation for timber transactions.

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 and buyer outlining the terms and conditions for the sale of timber stands, detailing the responsibilities and rights of both parties.

Who is required to file TIMBER SALE CONTRACT?

Individuals or entities that engage in the sale of timber, typically landowners or timber companies, are required to file a Timber Sale Contract.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, provide the necessary details such as the seller's and buyer's information, a description of the timber to be sold, terms of payment, and any specific conditions or obligations agreed upon by both parties.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to define the transaction terms, protect the rights of both parties, ensure compliance with laws, and provide a clear understanding of the responsibilities involved in the timber sale.

What information must be reported on TIMBER SALE CONTRACT?

The information that must be reported on a Timber Sale Contract includes the parties' details, the location and description of the timber, sale price, payment terms, delivery methods, and any legal obligations or warranties.