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A contract for the sale of timber from national forest lands, detailing the terms and conditions for cutting and removal of timber.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Start by downloading the TIMBER SALE CONTRACT form from the official source.
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 the buyer's information, ensuring all details are accurate.
5. Describe the timber being sold, including type, quantity, and location.
6. Specify the sale price and payment terms.
7. Include details about the duration of the contract and any renewal options.
8. State any special conditions or requirements for the sale.
9. Have both parties review the contract for accuracy.
10. Sign and date the contract to formalize the agreement.

Who needs TIMBER SALE CONTRACT?

1. Timber landowners looking to sell timber.
2. Timber buyers, including logging companies and lumberyards.
3. Real estate professionals involved in timber sales.
4. Legal representatives working on behalf of either party.

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 governing the sale of timber, outlining terms such as the quantity, price, and conditions of sale.

Who is required to file TIMBER SALE CONTRACT?

Typically, the buyer of the timber is required to file the Timber Sale Contract with the appropriate regulatory body or land management agency to ensure compliance with local laws.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, both parties must provide necessary information such as names, contact details, description of the timber, sale terms, and signatures of both parties.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to legally document the sale agreement, protect the interests of both parties, and outline the rights and responsibilities related to the sale and harvesting of timber.

What information must be reported on TIMBER SALE CONTRACT?

The Timber Sale Contract must include information such as the names and addresses of the buyer and seller, a description of the timber being sold, sale price, payment terms, and any applicable legal or regulatory conditions.