(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: A landowner had only 26 trees, mostly oaks, but his consulting forester urged him to sell it by taking bids. Even a seemingly small timber sale (4,886 board feet) can benefit from the competitive bidding process.
Bid opening: A. $576.63; B. $785.00; C. $850.00; D. $1,000.00