121.506 What definitions are important for sales or leases of Government-owned timber§ 121.506 What definitions are important for sales or leases of Government-owned timber?
(a) Forest product industry means logging, wood preserving, and the manufacture of lumber and wood related products such as veneer, plywood, hardboard, particle board, or wood pulp, and of products of which lumber or wood related products are the principal raw materials.
(b) Logging of timber means felling and bucking, yarding, and/or loading. It does not mean hauling.
(c) Manufacture of logs means, at a minimum, breaking down logs into rough cuts of the finished product.
(d) Sell means, in addition to its usual and customary meaning, the exchange of sawlogs for sawlogs on a product-for-product basis with or without monetary adjustment, and an indirect transfer, such as the sale of the assets of a concern after it has been awarded one or more set-aside sales of timber.
(e) Significant logging of timber means that a concern uses its own employees to perform at least two of the following: felling and bucking, yarding, and loading.