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This document outlines the terms and conditions for the timber sale agreement between the U.S. Department of Agriculture, Forest Service, and the purchaser, detailing the responsibilities, payment

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Begin by reading the entire contract carefully to understand its contents.
2. Fill in the date at the top of the contract.
3. Provide the names and contact information of both the buyer and seller.
4. Describe the timber species and quantities being sold.
5. Specify the sale price and payment terms.
6. Include any special conditions or clauses relevant to the sale.
7. Ensure both parties sign and date the contract.

Who needs TIMBER SALE CONTRACT?

1. Anyone looking to sell timber from their property needs a timber sale contract.
2. Timber buyers requiring a legal document to confirm the purchase and terms.
3. Forestry professionals and landowners involved in timber 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 seller and a buyer regarding the sale of timber. It outlines the terms and conditions, including the rights and responsibilities of both parties, the price, and the details of the timber being sold.

Who is required to file TIMBER SALE CONTRACT?

Generally, both the buyer and the seller of the timber are required to file the Timber Sale Contract with the appropriate government department or agency to ensure compliance with local regulations and laws.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, both parties should include their names and addresses, a clear description of the timber and its location, terms of payment, duration of the contract, and any additional legal stipulations 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 and responsibilities of both parties, ensure that transactions are conducted fairly, and comply with legal and regulatory requirements.

What information must be reported on TIMBER SALE CONTRACT?

The Timber Sale Contract must report information such as the identities of the buyer and seller, a detailed description of the timber to be sold, location of the timber, sale price, payment terms, and any specific conditions or obligations associated with the sale.