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This document outlines the contractual agreement between the U.S. Department of Agriculture's Forest Service and the purchaser for the sale and harvest of timber from designated areas within the National

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by entering the date at the top of the contract.
2. Identify and enter the names and addresses of the buyer and seller.
3. Clearly describe the timber being sold, including species, quantity, and location.
4. Specify the purchase price and payment terms, including any deposits required.
5. Outline the logging duration and any specific schedule for removal of the timber.
6. Include any necessary permits or legal requirements for logging operations.
7. Specify the responsibilities of both parties regarding access to the property.
8. Review and check for any contingencies or conditions that need to be agreed upon.
9. Both parties should sign and date the contract.

Who needs TIMBER SALE CONTRACT?

1. Landowners looking to sell timber from their property.
2. Logging companies or individuals seeking to purchase timber for commercial use.
3. Real estate professionals handling transactions that involve timber sales.
4. Investors or companies engaged in forestry or lumber industries.

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 (typically a landowner) and a buyer outlining the sale of timber from the seller's land. It specifies terms related to the quantities, types of timber being sold, payment schedules, and responsibilities of both parties.

Who is required to file TIMBER SALE CONTRACT?

Typically, the seller of the timber is required to file the Timber Sale Contract. This may involve landowners or forest management organizations who are selling timber to buyers or logging companies.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, one should include details such as the names and contact information of the parties involved, a legal description of the property, a detailed description of the timber being sold, agreed payment terms, and any applicable legal and regulatory requirements. It is advisable to consult legal or forestry professionals when drafting the contract.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to provide a clear and legally binding agreement that protects the rights and responsibilities of both the buyer and seller, ensuring that the sale and harvesting of timber occur according to agreed terms and legal standards.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported on a Timber Sale Contract includes the names and addresses of the parties, property description, type and volume of timber being sold, sale price, payment terms, harvest methods, and any legal requirements or conditions that must be adhered to during the sale.