Definition of Timber sale

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TeachMeFinance.com - explain Timber sale



Timber sale

The term 'Timber sale ' as it applies to the area of agriculture can be defined as ' A contract for the sale of federal timber to a private purchaser with the right to cut and remove trees for an agreed-upon stumpage price; the contract includes an estimated volume of wood and an appraised stumpage price, which is the basis for competitive bidding by purchasers'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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