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This document constitutes a Timber Sale Contract between the U.S. Department of Agriculture Forest Service and a purchaser for the sale, cutting, and removal of specified timber from designated national

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Obtain a copy of the Timber Sale Contract template from the relevant authority or organization.
2. Read through the contract carefully to understand all provisions and conditions before filling it out.
3. Fill in the seller's information, including name, address, and contact details.
4. Provide the buyer's information, ensuring accurate contact details are included.
5. Specify the timber species, quantities, and descriptions of the timber to be sold.
6. Clearly define the sale price and payment terms, including any deposit or installment details.
7. Set the duration of the contract, indicating when harvesting and payment will take place.
8. Include any special conditions or restrictions associated with the timber sale, such as access rights or environmental considerations.
9. Review the contract for completeness and correctness, ensuring all blanks are filled in accurately.
10. Sign and date the contract, and ensure that both parties receive a copy of the signed document.

Who needs TIMBER SALE CONTRACT?

1. Landowners who wish to sell timber from their property.
2. Companies or individuals interested in purchasing timber.
3. Forestry professionals handling timber sales.
4. Conservation organizations managing timber sales for ecological restoration or management.

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 landowner (seller) and a buyer for the sale of timber, outlining the terms and conditions of the sale.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller and buyer are required to file a TIMBER SALE CONTRACT to ensure legal compliance and clarity in the transaction.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, both parties should provide details including seller and buyer information, a description of the timber, sale price, payment terms, and any specific provisions related to the sale.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to formalize the sale of timber, protect the rights of both parties, and specify the obligations and expectations during and after the sale.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported includes the names and addresses of both parties, a description of the timber being sold, agreed prices, payment schedule, delivery details, and any specific terms or conditions of the sale.