Get the free TIMBER SALE CONTRACT - fs usda

This document outlines the contractual agreement between the U.S. Department of Agriculture Forest Service and the purchaser for 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 filling out the seller's information, including name and contact details.
2. Enter the buyer's details, including their name and contact information.
3. Specify the location of the timber to be sold, including address and property description.
4. Outline the type and quantity of timber being sold, including species and volume.
5. Set the terms of payment, including total sale price and any advance payments required.
6. Include the date of the sale and the duration of the contract.
7. Add clauses regarding responsibilities for logging operations and any necessary permits.
8. Include terms concerning liability, insurance, and indemnification.
9. Provide space for both parties to sign and date the contract.
10. Review the contract thoroughly before finalizing and retaining copies for both parties.

Who needs TIMBER SALE CONTRACT?

1. Individuals or companies looking to sell timber from their land.
2. Timber buyers seeking to purchase timber for processing or resale.
3. Forestry professionals involved in timber sales and management.
4. Landowners wishing to ensure legal compliance during timber transactions.

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 for the sale and purchase of timber from a specified area of land.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller and the buyer are required to file the TIMBER SALE CONTRACT to ensure legal compliance and to establish the terms of the sale.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, include the names and addresses of both parties, the description of the timber, the location, the sale price, terms of payment, and any specific conditions or obligations.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to outline the terms and conditions of the timber sale, protect the rights of both parties, and ensure that the transaction follows legal regulations.

What information must be reported on TIMBER SALE CONTRACT?

The information that must be reported includes the names and addresses of the buyer and seller, a detailed description of the timber, quantity and quality of the timber, sale price, payment terms, and any conditions regarding the harvesting or removal of the timber.