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This document is a contract between the U.S. Department of Agriculture Forest Service and a purchaser for the cutting and removal of timber from specified national forest areas following agreed conditions.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin with the date and title of the contract.
2. Enter the names and addresses of both parties involved (the seller and buyer).
3. Describe the property where the timber is located, including boundaries and access.
4. Specify the types and amount of timber to be sold, including any specific species.
5. Outline the terms of payment, including total price and payment schedule.
6. Detail any conditions for the sale, such as inspection rights or penalties for breach.
7. Include the duration of the contract and terms for termination.
8. Sign and date the contract by both parties and consider notarization if necessary.

Who needs TIMBER SALE CONTRACT?

1. Timber sellers and landowners looking to sell timber.
2. Timber buyers including logging companies and individual buyers.
3. Real estate agents and brokers involved in timberland transactions.
4. Legal professionals drafting or reviewing timber sale agreements.

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 regarding the sale and purchase of timber. It outlines the terms and conditions under which the timber will be harvested and sold.

Who is required to file TIMBER SALE CONTRACT?

Typically, the seller of the timber is required to file the Timber Sale Contract. This could include private landowners, timber companies, or state and federal agencies.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, both parties should provide information including their names, contact details, a description of the timber to be sold, the sale price, payment terms, and specific conditions related to the harvesting process.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of the Timber Sale Contract is to ensure both parties understand their rights and obligations regarding the sale of timber, to establish the legal terms for the transaction, and to protect both the seller and buyer in the event of disputes.

What information must be reported on TIMBER SALE CONTRACT?

The Timber Sale Contract must include information such as the names and addresses of the parties involved, a legal description of the property, the type and quantity of timber being sold, payment terms, duration of the contract, and any special provisions related to the logging operations.