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This contract outlines the terms and conditions for the sale of timber from national forests, including specifications for cutting, removing timber, and payment rates.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by entering the date of the contract at the top of the document.
2. Provide the names and addresses of the buyer and seller.
3. Describe the timber being sold, including species, quantity, and location.
4. Specify the price per unit of timber and total contract amount.
5. Outline the terms of payment, including deposit and payment schedule.
6. Include details regarding the duration of the contract and any special conditions.
7. Sign the contract at the end by both buyer and seller, along with date.

Who needs TIMBER SALE CONTRACT?

1. Timber Sale Contracts are needed by landowners looking to sell timber.
2. Timber companies that are interested in purchasing timber.
3. Forestry professionals facilitating timber sales.
4. Legal advisors ensuring the compliance of the contract terms.

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 timber seller and a buyer that outlines the terms and conditions under which timber is to be sold and harvested.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller and the buyer of the timber are required to file the TIMBER SALE CONTRACT, especially in jurisdictions where legal compliance and forest management practices are enforced.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, both parties should provide their legal names, contact information, details about the timber being sold, the terms of the sale, payment information, and any applicable regulations or conditions.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to formalize the agreement between the buyer and seller, ensuring that both parties understand their rights and obligations regarding the sale and harvesting of timber.

What information must be reported on TIMBER SALE CONTRACT?

The information that must be reported on a TIMBER SALE CONTRACT includes the identities of both parties, legal descriptions of the property, quantity and quality of timber, purchase price, payment terms, and provisions for liability and compliance with applicable laws.