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This document is a contract between the U.S. Forest Service and the purchaser for the sale of timber, detailing the conditions for cutting, removing, and paying for the timber.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Obtain a copy of the Timber Sale Contract form.
2. Read the contract thoroughly to understand its terms and conditions.
3. Fill in the names and contact information of both the seller and the buyer.
4. Provide a detailed description of the timber being sold, including species, quantity, and estimated value.
5. Specify the sale price and payment terms.
6. Include details regarding the harvest operations, such as start date and duration.
7. Outline any access rights, restrictions, and responsibilities during the sale.
8. Sign and date the contract by both parties.

Who needs TIMBER SALE CONTRACT?

1. Forest landowners looking to sell timber.
2. Timber buyers, such as logging companies or mills.
3. Real estate agents specializing in timberland sales.
4. Foresters and land management professionals involved in 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 legally binding agreement between a seller and buyer for the sale of timber, outlining the terms and conditions under which the timber will be harvested and sold.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the buyer and seller involved in the timber sale are required to file the Timber Sale Contract to ensure that all parties have a clear understanding and legal record of the transaction.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, parties should provide details such as the names and addresses of the buyer and seller, a description of the timber being sold, payment terms, and any specific terms regarding the harvesting and transportation of the timber.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to legally formalize the agreement between the buyer and seller regarding the transaction of timber, to protect the rights of both parties, and to ensure compliance with applicable laws and regulations.

What information must be reported on TIMBER SALE CONTRACT?

The information that must be reported on a Timber Sale Contract includes the identities of the involved parties, the specific location of the timber, the quantity and type of timber, the sale price, payment terms, and any conditions or requirements related to the harvest and sale.