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This contract outlines the agreement between the U.S. Department of Agriculture, Forest Service and the purchaser for the sale, cutting, and removal of timber from a designated area in the National

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Obtain a copy of the Timber Sale Contract form from the relevant authority or organization.
2. Read the introduction section to understand the purpose and scope of the contract.
3. Fill in the seller's information, including name, address, and contact details.
4. Provide the buyer's information, following the same format as the seller.
5. Detail the timber to be sold, including species, quantity, and any specific quality metrics.
6. Include the location of the timber and legal description of the land where the sale will occur.
7. Specify the terms of payment, including total cost, payment schedule, and any deposits required.
8. Outline the responsibilities of both parties, including logging practices, road maintenance, and damages.
9. Sign and date the contract, ensuring both parties have copies of the signed document.
10. Review the contract periodically for adherence to terms and conditions outlined.

Who needs TIMBER SALE CONTRACT?

1. Timberland owners who wish to sell timber for commercial use.
2. Individuals or companies looking to purchase timber for logging or milling.
3. Forestry professionals and consultants involved in timber sales and management.
4. Legal professionals who assist in drafting or reviewing contracts for 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 seller and a buyer that outlines the terms and conditions under which timber is sold and harvested.

Who is required to file TIMBER SALE CONTRACT?

Typically, the seller of the timber is required to file the TIMBER SALE CONTRACT to ensure compliance with local regulations and to protect both parties' interests.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, one should provide information such as the names and addresses of both parties, a description of the timber being sold, the price, payment terms, and any specific provisions regarding the sale.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to legally document the sale of timber, clarify the rights and responsibilities of each party, and help prevent disputes.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported on a TIMBER SALE CONTRACT includes the seller and buyer details, the description of the timber, sale price, payment schedule, and any special conditions related to the sale and harvesting.