Minnesota’s Timber Harvesting Guidelines: An Assessment of Their Financial Cost to Forest Landowners and Influence on Willingness to Pay for Stumpage

Figure 6. Summary of average merchantable volume (without guidelines) by species within the 27 study tracts offered for sale (cords/acre). Figure 7. Discount in willingness to pay for stumpage when guidelines were required below bid values when guidelines were not required for the 80 paired bids submitted on the 23 study tracts sold ($/cord). Figure 8. Summary of the difference in bid price ($/cord) in " with " and " without " guideline paired bids by tract size (acres) among the 23 study tracts sold. Number inside bar indicates number of paired bids .. Summary of the difference in bid price ($/cord) for " with " and " without " guideline paired bids among the 23 tracts sold by appraised tract value. Number inside bar indicates Summary of the difference in bid price ($/cord) for " with " and " without " guideline paired bids among the 23 study tracts sold by stand volume (cords/acre). Summary of the difference in bid price ($/cord) by the number of paired bids submitted per tract among the 23 study tracts sold. Number inside bar indicates number of paired bids received .. Page Figure 12. Summary of the bids by tract size (acres) where there was no difference between paired " with " and " without " guideline bids for the 23 study tracts sold .. Summary of the number of tracts bid by individuals submitting no difference between paired " with " and " without " guideline bids for the 23 study tracts sold by Figure 15. Summary of time, by activity, to set up the 26 study tracts for sale (hours/acre) ......24 Figure 16. Average years of experience in the logging industry for survey respondents who maintain financial records on each tract harvested versus average yeas experience for those timber harvesters who do not maintain separate financial records for each tract harvested (number indicates number of respondents) .. States have developed guidelines (also known as best management practices or BMPs) in response to growing public concern about the need to mitigate negative environmental consequences associated with timber harvesting (e.g., soil erosion, reduced water quality, loss of wildlife habitat). Implementing such practices can lead to increased environmental protection and a variety of forest values desired by society. The application of timber harvesting guidelines also produces a range of benefits and costs that accrue to those who own the forest as well as those …