The Value of Standing Timber

In selling anything, it is wise to know its value. In forestry, several factors determine the value of timber. The species, potential products, and volumes of the trees to be removed are important. Equally important are the operability and accessibility of the harvest site and the local market conditions. Once again, foresters are experienced at "cruising timber" (i.e. measuring sale volume) and determining market value. Estimating the volume of timber is important in writing the prospectus. The market value is useful in deciding which bid, if any, to accept.