A Bid Price Equation for National Forest Timber Sales in Western Arkansas and Southeastern Oklahoma

Abstract

Abstract An equation relating bid price to timber sale characteristics was developed using regression techniques on the basis of data from 150 timber sales that occurred between June 1992 and Dec. 1998 in the Ozark and Ouachita National Forests in Arkansas and southeastern Oklahoma. Predicted values of the real winning bid price are based on 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. Sawtimber and pulpwood in these sales are mainly shortleaf pine (Pinus echinata Mill.). The most highly significant variables were total sawtimber volume and the ratio of southern yellow pine #2 dimension lumber PPI to pine sawlog PPI. The equation explains 95% of the variation in the total bid price data. South. J. Appl. For. 28(2):100–108.