What was the average price for the highest quality white oak sawlogs in Indiana in 2002 (Doyle Scale)?

What was the average price for the highest quality white oak sawlogs in Indiana in 2002 (Doyle Scale)?

• A. $100 per thousand board feet
• B. $634 per thousand board feet (Doyle Scale).
• C. $1500 per thousand board feet
• D. $250 per thousand board feet

Answer: (B)

In timber pricing, log values are quoted per thousand board feet and depend on species, quality, and the scale used to estimate volume. For Indiana in 2002, the highest quality white oak sawlogs on the Doyle scale averaged about $634 per thousand board feet. The Doyle scale is a traditional method for estimating log volume, and premium white oak logs yield higher prices because they produce higher-quality lumber with strong demand. The figure $634 reflects the going market value for top-grade white oak in that year. The other options are outside the typical range for premium white oak in 2002: they’re either too low for high-grade logs or implausibly high for standard market transactions.

In timber pricing, log values are quoted per thousand board feet and depend on species, quality, and the scale used to estimate volume. For Indiana in 2002, the highest quality white oak sawlogs on the Doyle scale averaged about $634 per thousand board feet. The Doyle scale is a traditional method for estimating log volume, and premium white oak logs yield higher prices because they produce higher-quality lumber with strong demand. The figure $634 reflects the going market value for top-grade white oak in that year. The other options are outside the typical range for premium white oak in 2002: they’re either too low for high-grade logs or implausibly high for standard market transactions.