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This document is a timber sale contract issued by the U.S. Department of Agriculture Forest Service for the sale of timber from the Faller Thin site, detailing terms, conditions, and specifications
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How to fill out timber sale contract
How to fill out TIMBER SALE CONTRACT
01
Begin by downloading the TIMBER SALE CONTRACT template from a reliable source.
02
Fill in the date at the top of the contract.
03
Provide the names and contact information of both the seller and the buyer.
04
Clearly describe the timber species, quantity, and location being sold.
05
Specify the terms of payment, including the total sale price and payment schedule.
06
Include any conditions regarding the logging process, such as permitted methods and timelines.
07
Detail any responsibilities for road maintenance and damage to the land.
08
Ensure any relevant legal requirements and regulations are addressed.
09
Both parties should review the contract for accuracy.
10
Sign and date the contract to make it legally binding.
Who needs TIMBER SALE CONTRACT?
01
Landowners who wish to sell timber from their property.
02
Logging companies looking to purchase timber for processing.
03
Resource management professionals managing forest resources.
04
Government agencies involved in forestry and land management.
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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.
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What is TIMBER SALE CONTRACT?
A TIMBER SALE CONTRACT is a legal agreement between a landowner and a buyer that outlines the terms and conditions under which timber is sold and harvested from a specific area of land.
Who is required to file TIMBER SALE CONTRACT?
The landowner or seller of the timber is typically required to file the TIMBER SALE CONTRACT to ensure compliance with local regulations and to protect their legal rights.
How to fill out TIMBER SALE CONTRACT?
To fill out a TIMBER SALE CONTRACT, the parties should provide detailed information regarding the location of the timber, the quantity and species of timber being sold, payment terms, duration of the agreement, and any specific conditions or requirements for both parties.
What is the purpose of TIMBER SALE CONTRACT?
The purpose of a TIMBER SALE CONTRACT is to formalize the sale of timber, establish expectations between the buyer and seller, and provide a legal framework for the transaction to protect both parties' interests.
What information must be reported on TIMBER SALE CONTRACT?
The TIMBER SALE CONTRACT must report the location of the timber, species and volume of timber being sold, sale price, payment schedule, duration of the contract, signatures of both parties, and any relevant legal or environmental stipulations.
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