Each type of sale has different implications for landowner liability, workers` compensation insurance, federal income taxes and other considerations. It is important to understand them before continuing. The contract for the sale of sample wood below is adapted to the method of selling wood stock. Foresters prepare and monitor the sale of wood in different ways. The actions taken depend on your management objectives, the forest products harvested and their relative value. Landowners should expect a forest ranger to at least indicate the acreage of the crop, enter it into a legally binding contract with a buyer, and provide for a certain level of crop monitoring. Sales of more prepared and monitored wood include: 18. State restrictions: Where there is a condition on the ground on or before the validity date that limits the buyer`s ability to harvest and remove wood under a government rule, decree, law or decree or an act of threat from a federal, national or local government authority: (1) Is it a sale per unit limited wood is excluded from sale; and (2) If it is a lump sum sale, the seller will reimburse the buyer, within thirty days of the written application, for the wood located in the regulated area at the fair value of the wood on the date of purchase. The following example of a timber contract is used for educational purposes and reminds sellers of the importance of a legal contract for the sale of wood, a property when it is sold permanently. When you sell a valuable commodity like wood, you always know what you are selling and seek professional advice to ensure that you get fair market value, that you are improving the future state of your forests and that you have the right legal and tax advice to ensure that your tax bill is correct and that the appropriate safeguards are in place.
14. Decking: All deckings and skidding must take place in the wood sales area. The buyer has the right to build a reasonable number of skating paths and wood covers, provided the location and extension are approved in advance. The buyer will use the existing routes if reasonably possible. Sale Most of the wood marketed in New Hampshire is sold through sales of stumps that indicate the value of the trees as they are present in the forest or “on the stump”. Stumpage is the value associated with the wood at the stop.