the timber did not sell by bids. there was little interest among local buyers in bidding, probably because they were not accustomed to timber cruises, estimates and bid sales. it is more common in the area for timber buyers to simply approach a landowner and make an offer based on a guess by the buyer as to an amount that they are sure will make them a profit. the few bids received were too low and were rejected. i approached a team of local loggers with whom i had done business in the past. when they expressed interest in a logging job, i gave them three choices. they could pay me $57,000 for the standing timber, i would pay them $150.00 per mbf for logging and hauling the timber to local buyers within a 50 mile radius, or i would pay them 30% of the sales price of the logs for logging and hauling. they chose the 30% option. they logged the area from february to july. the logs were yarded near the sale area and buyers were asked to bid on the logs. they were sold to a total of five different local sawmills. the totals were: timber sales bd. ft dollars $/mbf 169,970 81,611.95 480 my cruise estimate 160,000 80,000 500 @ 150/mbf 25,496 logging @ 30% 24,484 logging @ $57,000 24,612 logging 70% 57,128 stumpage 589 trees 298 bd. ft. per tree $138.56 per tree then we estimated that we had only cut over about 32 acres so i marked trees on an additional 8 acres or so and the loggers logged that at a price of $150 per mbf: timber sales bd. ft dollars $/mbf subtotal 28,551 12,103.49 424 totals 198,341 93,715.44 472 150/mbf logging 4,282.65 stumpage 7,820.84 40 acres 695 trees 198,341 board feet $93,715 total $64,949 stumpage 17.4 trees /acre 4,958 bd. ft./acre 285 bd.ft./tree $472 per mbf total $327 per mbf stumpage $135 per tree total $93.45 per tree stumpage $1,624/acre stumpage
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these are estimates of the results of the clear cut harvest above: (when this timber harvest took place log prices were about 10% lower than the previous harvest four years before.) 40 acres 2000 trees 320,000 board feet $96,000 total $68,000 stumpage 50 trees /acre 8,000 bd. ft./acre 160 bd.ft./tree $300 per mbf total $212 per mbf stumpage $48 per tree total $34 per tree stumpage $1,700/acre stumpage
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