(The following is the results of an actual timber sale
bidding process on a Missouri forest property during the
last two years. What would the result have been if the
timber had been sold without a bid?)
Situation: 265 trees with 66,510 board feet (Doyle scale). Mostly white oak with quite a bit of red/black oak and hickory; 7 black walnut; 1 black cherry, 1 basswood and scattered elm, sycamore, hackberry, ash.
Bid opening: A. $7,250; B. $10,200; C. $13,365; D. $25,600