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.
Logging Contracts For Tennessee With Minors
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How to fill out Tennessee Timber Sale Contract?
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With a stumpage sale, the buyer takes ownership of the timber from the landowner when the trees are harvested. Stumpage rates are proposed by the buyer (typically a logging contractor, forester, or mill) and stumpage paid to the landowner in exchange for the right to harvest their timber.
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
Questions To Ask a Logger: Are you a member of the Minnesota Logger Education Program?How long have you been in business?Are you and your employees covered by workers' compensation and liability insurance?What kinds of equipment do you use?
Steps in Conducting a Successful Timber Sale: Determine Your Timber Sale Objectives. Consult with a Professional Forester. Perform an Inventory and Appraisal. Market your Timber with a Sealed Bid Process. Prepare a Timber Sale Contract. Follow Forestry Best Management Practices. Retire the Sale Area.
A fundamental feature of any contract is method of payment. In logging contracts, payment is most often based on either dollars per unit or a percentage of the value of the wood. Historically, loggers have worked on a percentage basis, and 50 percent of the value of the wood was standard operating proce- dure.