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This document is a contractual agreement between the U.S. Department of Agriculture Forest Service and the purchaser for the sale, cutting, and removal of specified timber from the national forest.

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Start by entering the date of the agreement at the top of the contract.
2. Fill in the names and addresses of the parties involved (the seller and the buyer).
3. Provide a detailed description of the timber being sold, including species, volume, and location.
4. Specify the price per unit and the total price for the timber.
5. Include the payment terms, such as when payment is due and accepted methods.
6. Outline the responsibilities of both parties during the sale process.
7. State the duration of the contract and any important deadlines.
8. Include any legal compliance or permits required for the timber sale.
9. Sign and date the contract by both parties to make it legally binding.

Who needs TIMBER SALE CONTRACT?

1. Timber sale contracts are needed by landowners who wish to sell timber, timber buyers (like logging companies), and legal representatives who facilitate these transactions.

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 and a buyer for the sale and purchase of timber. It outlines the terms and conditions under which the timber is to be sold, including pricing, quantity, and delivery details.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller and the buyer are required to file a TIMBER SALE CONTRACT to ensure that both parties are officially recognized in the transaction. This may also include local or state forestry agencies if required by law.

How to fill out TIMBER SALE CONTRACT?

To fill out a TIMBER SALE CONTRACT, both parties must provide their contact information, specify the location and type of timber being sold, outline the payment terms, and include any additional provisions that govern the sale. It is advisable to consult legal or forestry professionals for specific requirements.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a TIMBER SALE CONTRACT is to formalize the sale of timber to protect the interests of both the seller and the buyer, ensure compliance with regulations, and provide a clear understanding of the terms of the sale.

What information must be reported on TIMBER SALE CONTRACT?

A TIMBER SALE CONTRACT must report information such as the names and addresses of the parties involved, a detailed description of the timber (including species, quantity, and location), price per unit, payment terms, and any conditions or obligations related to the sale.