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This contract outlines the agreement between the U.S. Department of Agriculture Forest Service and a purchaser for the sale and removal of specified timber from a designated national forest area,

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by gathering all necessary information, including the seller's and buyer's details.
2. Specify the location of the timber, including exact boundaries and any relevant maps.
3. Clearly outline the type of timber being sold, including species and quantities.
4. Determine and state the price per unit and the total contract price.
5. Include terms of payment, such as deposit amounts and payment schedule.
6. Specify the duration of the contract, including start and end dates.
7. Include clauses regarding liability and responsibilities of both parties.
8. Detail any legal requirements or permits necessary for the sale.
9. Ensure both parties sign and date the contract.

Who needs TIMBER SALE CONTRACT?

1. Timber sale contracts are needed by landowners looking to sell timber.
2. Timber buyers who wish to legally purchase timber from landowners.
3. Forestry companies engaged in timber harvesting and management.
4. Legal professionals to ensure compliance with laws and 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 a seller of timber and a buyer, outlining the terms and conditions under which the timber will be sold, including price, delivery, and payment terms.

Who is required to file TIMBER SALE CONTRACT?

Typically, the seller of the timber is required to file the TIMBER SALE CONTRACT, although both parties may need to retain copies for their records and potential regulatory requirements.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, provide details such as the parties involved, description of the timber, sale price, payment schedule, delivery terms, and any additional provisions related to the sale.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to legally document the sale of timber, ensuring that both parties understand their rights and responsibilities, and to protect the interests of both the seller and buyer.

What information must be reported on TIMBER SALE CONTRACT?

The TIMBER SALE CONTRACT must report information including the names and addresses of the buyer and seller, a detailed description of the timber to be sold, the sale price, payment terms, delivery methods, and any other relevant conditions.