(The following is the result of an actual timber sale bidding process on a Missouri forest property. What would the result have been if the timber had been sold without a bid?)
Situation: A landowner had a consulting forester mark 493 trees on his property with a volume of almost 200,000 board feet. The trees were a mixture of hardwoods, mostly oaks.
Opening bids: The 11 bids ranged from $19,000 to $56,000.