Sample Contracts For Timber Sales In South Carolina Without A Degree
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FAQ
To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report.
There are many factors that affect the value of timber on a specific parcel. These include supply and demand, logging costs, landowner objectives, and volume of timber in the forest to be harvested.
You can sell through an oral auction where several buyers attend and verbally bid on the trees, or you can request sealed bids that allow you to compare several different offers on sale day. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids.
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
The formula is: Tree Value = Base Value x Cross-sectional Area x Species Class x Condition Class x Location Class Base Value is the dollar amount assigned to 1 square inch of a tree's trunk cross-sectional area and is typically based on the cost of the largest available replacement plant of the same species.