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This document is a contract between the U.S. Department of Agriculture Forest Service and the Purchaser for the sale and removal of timber from a specified national forest area. It outlines the terms

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Title: Begin with the title of the contract at the top of the document.
2. Parties Involved: Clearly list the names and addresses of both the seller and buyer.
3. Description of Timber: Provide detailed information about the timber being sold, including species, quantity, and location.
4. Sale Price: Specify the price per unit of timber and total sale price.
5. Payment Terms: Outline the payment schedule, including any deposits or advance payments required.
6. Delivery Terms: State the responsibility for transportation and any associated costs for delivering the timber.
7. Warranties and Representations: Include any warranties or representations made by the seller regarding the timber.
8. Miscellaneous Provisions: Address any other legal terms, such as dispute resolution, governing law, and amendments.
9. Signatures: Provide space for the signatures of both parties and the date of signing.

Who needs TIMBER SALE CONTRACT?

1. Landowners looking to sell timber from their property.
2. Logging companies or buyers in need of timber for commercial purposes.
3. Forestry consultants facilitating timber sales.
4. Investors or individuals purchasing timber as an asset.

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 legally binding agreement between a seller of timber and a buyer, outlining the terms and conditions under which the timber will be sold, harvested, and delivered.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller and the buyer of the timber are required to file the TIMBER SALE CONTRACT, as it serves to protect the interests of both parties involved in the transaction.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, both parties should include details such as the names and addresses of the seller and buyer, a description of the timber, the sale price, payment terms, and any specific conditions related to harvesting and delivery.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to formally outline the expectations and responsibilities of each party in the sale of timber, ensuring clear communication and minimizing disputes.

What information must be reported on TIMBER SALE CONTRACT?

Information that must be reported on a TIMBER SALE CONTRACT includes the names and contact information of the parties involved, a detailed description of the timber being sold, the agreed sale price, payment schedule, and any additional clauses related to the contract.