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This document outlines the agreement between the U.S. Department of Agriculture Forest Service and a purchaser regarding the sale and removal of timber in a specified national forest area.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by gathering necessary information such as the seller's and buyer's details.
2. Clearly define the property where the timber is located, including legal descriptions.
3. Specify the type and quantity of timber being sold.
4. Outline the terms of the sale including price per unit or total sale price.
5. Include payment terms, such as deposit amount, payment schedule, and methods of payment.
6. Detail the responsibilities of both the buyer and seller during the logging operation.
7. State the duration of the contract and the timeline for timber removal.
8. Include any clauses for liability and damage to property.
9. Ensure compliance with local laws and regulations regarding timber sales.
10. Both parties should sign and date the contract to make it legally binding.

Who needs TIMBER SALE CONTRACT?

1. Landowners looking to sell timber for profit.
2. Logging companies interested in purchasing timber.
3. Forestry consultants assisting in timber sales.
4. Investors planning to acquire timberland and manage timber resources.

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 for the sale of timber.

Who is required to file TIMBER SALE CONTRACT?

Timber sale contracts are typically required to be filed by the seller or the buyer depending on the jurisdiction and the specific requirements of the sale.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, provide information such as the parties involved, description of the timber, sale price, payment terms, and any additional conditions or legal requirements.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to legally document the transaction between the seller and buyer, ensuring both parties understand their rights and obligations.

What information must be reported on TIMBER SALE CONTRACT?

The TIMBER SALE CONTRACT must report information including the identities of the parties, the description and quantity of timber sold, the sale price, payment terms, and any specific clauses regarding liability or ownership.