Volume 23, Number 2
The Bid Box
By Hank Stelzer | MU Extension - School of Natural Resources
Randolph County, Missouri
- 24 acres
- 227 marked trees
- Estimated total volume: 35,070 bd. ft. (Doyle Scale)
- 21,000 bd. ft. white oak, 2,500 bd. ft. were stave quality
- 5,000 bd. ft. northern red oak
- 7,000 bd. ft. black oak (7,000 feet)
- 2,070 bd. ft. mixed hardwoods, including three walnut trees, two of which were potential veneer quality
- Forester estimated value of $11,000
- Four bids received
- Landowner accepted high bid. The forester was surprised with the range of bids for an oak sale. The two lower bids were from individuals that don't often buy timber lump-sum, so were probably inexperienced with this type of sale.
- Return: $506/ac
As always, it pays to have a professional forester market your timber. Not only will they help you get the highest price for the trees in your woodlots that need to be harvested, but they can help ensure future harvests are profitable, too!
To help you become familiar with some of the aspects of selling timber, check out the following MU Guides:
G5051 - Selling Timber: What the Landowner Needs to Know
G5057 - Basic Elements of a Timber Sale Contract
G5056 - Managing Your Timber Sale Tax
These Guides will help you better understand the ins and outs of marketing your timber and help you help your professional forester!
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