Illinois Forest Products Timber Sale Contract
Description
How to fill out Illinois Forest Products Timber Sale Contract?
Seeking to locate Illinois Forest Products Timber Sale Agreement templates and completing them might be challenging.
To conserve significant time, expenses, and effort, utilize US Legal Forms to quickly find the appropriate template tailored for your state.
Our attorneys draft all documents, so you merely need to complete them. It is truly that easy.
You can print the Illinois Forest Products Timber Sale Agreement form or complete it using any online editor. There's no need to worry about making mistakes, as your form can be utilized, submitted, and printed as often as you wish. Explore US Legal Forms and gain access to over 85,000 state-specific legal and tax documents.
- Access your account via the Log In link and return to the form's webpage to save the document.
- Your stored samples can be found in My documents, always available for future use.
- If you haven’t registered yet, you should sign up.
- Follow our detailed instructions on how to obtain your Illinois Forest Products Timber Sale Agreement form in just a few minutes.
- To get an eligible example, verify its applicability for your state.
- Utilize the Preview feature to view the form (if available).
- If there's a description, read it to understand the key details.
- Click Buy Now if you discover what you are looking for.
Form popularity
FAQ
The two basic ways to sell timber are either as stumpage (standing timber) or as logs or other finished products. Each way has its pros and cons. Log sales involve harvesting and processing your own timber and then selling the finished products that come from it: veneer, sawtimber, pulpwood, etc.
The total volume of the tree would be 225 board feet. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. A fourteen inch Red Oak with a grade 3 rating would be worth $12.00 for an average price per thousand board feet of $265.00.
Salaries for loggers depend on the task in which they specialize. Fallers cut down trees using mobile felling machines and powered chainsaws. They earned a median $21.46 per hour or $44,650 per year as of May 2019, according to the Bureau of Labor Statistics.
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.
Logging companies rarely have the specialized equipment, not to mention proper insurances, to remove trees from an Urban setting. But even if they did, the cost associated with hauling equipment to a location and removing the bulk of an entire tree including its top is usually far greater than the value of the tree.
Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years).
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.
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.
The average stumpage price is $300/MBF, or $1,800 per acre total value.