Variables

Douglas fir L = 754

Lodge pole pine L = 340

Mean

Std.dev.

Mean

Std.dev.

Winning bid ($/mbf)

151.59

92.93

40.46

28.11

Stumpage price ($/mbf)

205.66

120.04

35.32

21.28

Hauling distance (miles)

48.29

49.87

42.60

30.32

Volume of timber (mbf)

571.09

1593.55

624.95

851.42

Reserve price ($/mbf)

90.79

57.65

21.45

17.61

Number of bidders

4.67

2.09

3.88

1.96

Acres (acres)

139.17

1125.10

333.52

1259.30