A Bid Price Equation For Timber Sales on the Ouachita and Ozark National Forests

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  • Author(s): Huebschmann, Michael M.; Lynch, Thomas B.; Lewis, David K.; Tilley, Daniel S.; Guldin, James M.
  • Date: 2004
  • Station ID: Miscellaneous Publication-SRS-

Abstract

Data from 150 timber sales on the Ouachita and Ozark National Forests in Arkansas and southeaster n Oklahoma were used to develop an equation that relates bid prices to timber sale variables. Variables used to predict the natural logarithm of the real, winning total bid price are the natural logarithms of total sawtimber volume per sale, total pulpwood volume per sale, average sawtimber volume per acre, average sawtimber volume per tree, and the ratio of southern yellow pine #2 dimension lumber producer price index (PPI) to pine sawlog PPI. The sawtimber and pulpwood components of these sales were primarily shor tleaf (Pinus echinata Mill.) pine with some loblolly pine (P. taeda L.) for sales occurring in the extreme southeastern por tions of the Ouachita National Forest.

  • Citation: Huebschmann, Michael M.; Lynch, Thomas B.; Lewis, David K.; Tilley, Daniel S.; Guldin, James M. 2004. A Bid Price Equation For Timber Sales on the Ouachita and Ozark National Forests. Gen. Tech. Rep. SRS–71. Asheville, NC: U.S. Department of Agriculture, Forest Service, Southern Research Station. pp. 220

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