This is a contract whereby the buyer agrees to purchase all timber as designated for removal by the seller. Seller will also grant the buyer the right of ingress and egress to remove the timber from seller's land.
Idaho Timber Sale Contracts With Banks
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A timber deed is a document that gives a timber company the right to cut the timber off of a specific piece of property.
Lump-sum sales are the simplest way to sell timber. Typically, the sale is put up for bid and each potential buyer submits an offer for the designated timber. Lump-sum sales require buyers to have accurate volume estimates by species and product type to establish their bid.
In these auctions, firms bid a per-unit price for each timber species. Total bids are computed by multiplying these prices by Forest Service volume estimates, but payments depend on actual volumes harvested. We develop an equilibrium theory for these auctions.
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to
Seven Steps to Conducting a Successful Timber SaleStep 1: Establish sale/property boundaries.Step 2: Determine and define access.Step 3: Identify trees to cut and appraise value.Step 4: Advertise the sale.Step 5: Execute a written contract.Step 6: Monitor active logging.Step 7: Close out the sale.
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Bid bonds will be returned to the unsuccessful bidders. Location and boundaries of the sale, and time allowed to complete the logging operation.Other contract provisions may explain agreements between seller and.