An owner of timber that is exempt under s. 30.44 (3) (c) 1. shall comply with a rule regulating timber cutting and harvesting promulgated under s. 30.42 (1) (d) :
(1) If the rule is not inconsistent with the contract entered into under s. 77.03 or 77.16 (4) ; or
(2) If the owner agrees to modify the contract entered into under s. 77.03 or 77.16 (4) to require compliance with the rules.