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This document serves as a contract between the U.S. Department of Agriculture Forest Service and the Purchaser for the sale and removal of specified timber from national forest land.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Obtain the TIMBER SALE CONTRACT document from the relevant authority or website.
2. Read the contract thoroughly to understand all terms and conditions.
3. Fill in the seller's information, including name, address, and contact details.
4. Provide buyer's information in the designated section.
5. Specify the location and description of the timber being sold.
6. Indicate the sale price and payment terms clearly.
7. Outline the responsibilities of both parties regarding the timber harvesting.
8. Sign and date the contract at the end of the document.
9. Ensure both parties receive a copy of the signed contract.

Who needs TIMBER SALE CONTRACT?

1. Individuals or companies looking to sell timber.
2. Landowners with timber resources to manage or sell.
3. Buyers interested in purchasing timber for construction or other uses.
4. Forestry professionals handling timber sales on behalf of landowners.

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 a buyer that outlines the terms and conditions under which timber will be sold, including pricing, transportation, and responsibilities.

Who is required to file TIMBER SALE CONTRACT?

Typically, landowners or timber sellers who wish to sell timber to a buyer are required to file a Timber Sale Contract.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, one should provide the necessary details such as the description of the timber being sold, the location, the payment terms, and the specific obligations of both parties.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to formally document the sale of timber, ensuring that both parties understand their rights and responsibilities, and to protect both parties in the transaction.

What information must be reported on TIMBER SALE CONTRACT?

Essential information that must be reported on a Timber Sale Contract includes the seller's and buyer's contact details, a detailed description of the timber, sales price, payment terms, and any specific conditions agreed upon.