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This document is a timber sale contract between the United States Department of Agriculture, Forest Service, and the purchaser for cutting and removing included timber in specified areas of the Fremont-Winema
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How to fill out timber sale contract
How to fill out TIMBER SALE CONTRACT
01
Read through the entire TIMBER SALE CONTRACT to understand its terms and conditions.
02
Fill in the seller's name and address in the designated section.
03
Provide the buyer's name and address.
04
Specify the location of the timber being sold.
05
Detail the type and quantity of timber being sold.
06
Include pricing information and payment terms.
07
Outline the duration of the contract and any renewal terms.
08
Clarify the responsibilities regarding logging, transportation, and other logistics.
09
Sign and date the contract at the end.
Who needs TIMBER SALE CONTRACT?
01
Landowners looking to sell timber.
02
Loggers or timber purchasers wanting to formalize a sale.
03
Forestry professionals assisting in land management.
04
Investors interested in timberland transactions.
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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 timber buyer for the sale of standing timber. It outlines the terms, conditions, and obligations related to the sale and harvesting of timber.
Who is required to file TIMBER SALE CONTRACT?
Typically, both the landowner who is selling the timber and the buyer who is purchasing it must file a Timber Sale Contract to formalize the transaction and ensure compliance with regulations.
How to fill out TIMBER SALE CONTRACT?
To fill out a Timber Sale Contract, one should provide detailed information about the parties involved, a description of the timber being sold, pricing, payment terms, and any specific conditions or restrictions regarding the harvest and use of the timber.
What is the purpose of TIMBER SALE CONTRACT?
The purpose of a Timber Sale Contract is to protect the interests of both the seller and the buyer, ensuring that the sale is conducted legally and in accordance with agreed-upon terms.
What information must be reported on TIMBER SALE CONTRACT?
The Timber Sale Contract must report essential information such as the names of the parties, legal descriptions of the property, species and quantity of timber sold, pricing and payment terms, duration of the contract, and any special conditions or obligations.
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