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This document details the Timber Sale Contract between the U.S. Department of Agriculture, Forest Service, and the purchaser for the sale of timber from the National Forest.
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How to fill out timber sale contract
How to fill out TIMBER SALE CONTRACT
01
Begin with the title and date of the contract.
02
Include the names and contact information of both the seller and the buyer.
03
Describe the timber being sold: type, quantity, and location.
04
Specify the sale price and payment terms.
05
Outline the responsibilities of both parties regarding the logging and removal process.
06
Include any legal obligations or requirements for permits.
07
Define the duration of the contract and the timeline for timber harvest.
08
Sign and date the contract to make it legally binding.
Who needs TIMBER SALE CONTRACT?
01
Timber landowners looking to sell timber.
02
Logging companies seeking to purchase timber for processing.
03
Real estate developers requiring timber for construction projects.
04
Investors interested in timber as a commodity.
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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 seller and a buyer for the sale and purchase of timber, outlining the terms and conditions under which the timber will be harvested and sold.
Who is required to file TIMBER SALE CONTRACT?
Typically, both the seller of the timber and the buyer are required to file a TIMBER SALE CONTRACT to ensure compliance with legal and regulatory requirements.
How to fill out TIMBER SALE CONTRACT?
To fill out a TIMBER SALE CONTRACT, both parties need to provide details such as their names, contact information, identification of the timber to be sold, payment terms, and any specific conditions or clauses relevant to 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, protect the rights of both the buyer and seller, and ensure clear terms for the sale and harvesting of the timber.
What information must be reported on TIMBER SALE CONTRACT?
The TIMBER SALE CONTRACT must report information including the names and addresses of the buyer and seller, a description of the timber, the sale price, the method of payment, and any specific conditions or obligations of both parties.
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