Oregon Forest Products Timber Sale Contract
Overview of this form
The Oregon Forest Products Timber Sale Contract is a legal document that formalizes the sale of timber from one party (the Seller) to another (the Buyer). This contract outlines the terms under which the Seller agrees to sell specific timber designated for removal, while granting the Buyer access to harvest and remove the timber from the Seller's land. Unlike other sale agreements, this contract specifically caters to forest products in Oregon, ensuring compliance with local regulations and industry standards.
Form components explained
- Identification of the Seller and Buyer, including their entities.
- Description of the timber being sold and the property from which it will be removed.
- Payment terms, including the amount and timing of payment for the timber.
- Rights granted to the Buyer for ingress and egress to harvest the timber.
- Warranties regarding the timber's title and freedom from liens.
- Provisions for environmental considerations and fire prevention measures.
- Conditions regarding the use of existing logging roads and road repairs.
When to use this document
This contract is necessary when a Seller wishes to sell timber from their property and a Buyer intends to purchase it. It should be used when both parties have agreed on the specific forest products to be sold and need a clear, legally binding agreement to outline the responsibilities and rights related to the sale and harvesting processes. Additionally, this form is useful when compliance with state regulations regarding logging operations and environmental protections is required.
Who needs this form
- Private landowners looking to sell timber from their property.
- Timber companies or individuals interested in purchasing timber for logging purposes.
- Corporations involved in timber sales and timberland management.
- Legal representatives facilitating timber sales between Buyers and Sellers.
How to prepare this document
- Identify the parties involved by entering the names and addresses of the Seller and Buyer.
- Specify the property and describe the timber to be sold clearly.
- Enter the payment amount and date of payment for the timber.
- Include any specific provisions regarding timber removal, such as time restrictions or environmental responsibilities.
- Have all parties sign the document in the presence of a notary, if required.
Is notarization required?
Yes, this form must be notarized to be legally valid. Having a notary public witness the signatures adds a layer of authenticity and helps protect against claims of fraud. US Legal Forms offers integrated online notarization, allowing you to obtain notarization quickly and securely through a video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to accurately describe the timber being sold, leading to disputes over what is included in the sale.
- Not ensuring that all parties sign and date the contract before executing any sale actions.
- Overlooking necessary environmental impact assessments or permits required under state law.
Why complete this form online
- Immediate access to a professionally drafted contract tailored to Oregon's requirements.
- The ability to fill out and edit the form conveniently before finalizing.
- Reliable templates that ensure compliance with local laws and regulations.
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FAQ
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.
Hire a Reputable Forestry Professional. Develop a Forest Management Plan. Plan the Pre-Harvest. Determine a Selling Method. Have a Contract. Conduct the Sale and Harvest. Monitor the Harvest. Closeout with Buyer/Logger.
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.
The going price for property at timber value in Oregon is $2,000 to $4,000 an acre. If it's sold as a home site, it's worth $30,000 an acre.
For these reasons, it's not uncommon for a tree grower to net $40,000 to $60,000 per acre every year producing high quality trees that are healthy and bring premium prices in the marketplace.
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).
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.
Timber has been one of the most consistent investments over time, and a great hedge against inflation. According to value investor Jeremy Grantham, it's risen 3% more than inflation for more than 90 years. Timberland has also beaten the stock market over the long run, and with less volatility.
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.
