South Carolina Forest Products Timber Sale Contract South Carolina Form
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People also ask
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What is a timber buyer?
A timber buyer is a professional forester, forest technician, or forest worker who specializes in the purchase and resale of standing trees and timber. Timber is purchased from federal or state government lands or private forest landowners and sold to a wide variety of mills and processing facilities.
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What is the timber tax in South Carolina?
Description: The type of current use tax is modified rate/assessment tax. For property tax purposes land used to grow timber is classified as "agricultural use land" and is taxed on the basis of its fair market value for agricultural purposes. Current assessment rate for agricultural use land (privately owned) is 4.0%.
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How do logging contracts work?
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 ...
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What is the Forest Action Plan in South Carolina?
The 2020 South Carolina Forest Action Plan is a major update of the 2010 Statewide Forest Resource Assessment and Strategy, which was used to identify and quantify the issues affecting our state's forests – and to focus Commission capacity on the most important tasks.
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What is a procurement forester?
PROCUREMENT FORESTERS ARE RESPONSIBLE FOR PURCHASING TIMBER AND EVALUATING LAND FOR ITS CURRENT AND FUTURE VALUE.
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Which type of forester works for mills or corporate landowners?
Consulting foresters bring considerable knowledge and experience to the table when working with landowners, thereby providing their clients with an advantage when it comes to administering and negotiating a timber sale.
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What is timber bidding?
Sealed Bids High quality, easy to measure timber typically receives a higher price with the sealed-bid method. Here, timber value is established when prospective timber buyers submit sealed written offers to be opened at a specified time and place. Each bidder is allowed to make only one bid.
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What type of forester buys timber by contacting local forest owners and negotiating a sale contract?
Procurement foresters buy timber by contacting local forest owners and negotiating a sale. This activity typically involves taking inventory on the type, amount, and location of all standing timber on the property. Procurement foresters then appraise the timbers worth, negotiate its purchase, and draw up a contract.
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