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This document is a contract between the U.S. Department of Agriculture Forest Service and the purchaser for the sale of timber from National Forest land, detailing conditions, specifications, and

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by identifying the parties involved in the contract, including the seller and buyer.
2. Specify the legal description of the property where the timber is located.
3. Detail the type and quantity of timber being sold, including any specific species.
4. Outline the sale price and payment terms, including deposit and final payment.
5. Include any restrictions or special conditions regarding logging practices or timing.
6. Specify the duration of the contract and any renewal terms if applicable.
7. Include clauses related to liability, insurance, and environmental considerations.
8. Ensure both parties sign and date the contract to make it legally binding.

Who needs TIMBER SALE CONTRACT?

1. Timber Sale Contracts are needed by landowners looking to sell timber, timber buyers or companies interested in purchasing timber, and legal professionals involved in facilitating 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 legal agreement between a landowner and a buyer that outlines the terms under which the buyer can purchase and harvest timber from the landowner's property.

Who is required to file TIMBER SALE CONTRACT?

Typically, the landowner who is selling the timber is required to file the TIMBER SALE CONTRACT.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, the parties must provide specific details including the names and addresses of both the seller and buyer, a description of the timber being sold, the sale price, the terms of payment, and the timelines for harvest and payment.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to legally outline the rights and obligations of both the seller and buyer, ensuring clear terms for the sale and harvest of timber, and to mitigate potential disputes.

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 both parties, a detailed description of the timber, the agreed purchase price, payment terms, harvest conditions, and any additional agreements regarding land use.