Michigan Department of Natural Resources Forest, … · Michigan Department of Natural Resources...

41
Michigan Department of Natural Resources Forest, Mineral, and Fire Management Timber Sale Management System AVERAGE STUMPAGE PRICE REPORT Date: 03/12/2003 to 12/31/2002 01/01/2002 Page 1 of 41 SAWLOGS (MBF, see footnote 6) AVG. PRICE USED (2) B.T. ASPEN # OF BID ITEMS TOTAL VOLUME AVG. PRICE (1) AVG. HIGH BID (4) MIN PRICE MAX PRICE % CHANGE (5) PRICE USED % (3) $104.32 $136.00 $87.00 $175.11 4 $130.84 162 -3.80% 76.70% GAYLORD FMU OFFICE $139.26 $150.38 $130.00 $200.00 3 $158.58 70 5.45% 92.60% ATLANTA FOREST MGT UNIT $114.89 $140.35 $87.00 $200.00 7 $139.23 232 -0.80% 81.86% MACKINAW STATE FOREST $84.16 $102.56 $69.00 $100.00 6 $85.22 174 -16.90% 82.06% TRAVERSE CITY FOREST MGT UNIT $107.37 $116.24 $85.00 $653.10 21 $125.77 774 8.20% 92.37% CADILLAC FOREST MGT UNIT $103.12 $113.74 $69.00 $653.10 27 $118.35 948 4.05% 90.67% PERE MARQUETTE STATE FOREST $44.09 $61.94 $42.00 $58.05 5 $44.45 72 -28.24% 71.18% ROSCOMMON FOREST MGT UNIT $48.96 $64.99 $30.00 $100.00 6 $83.41 567 28.33% 75.33% GRAYLING FOREST MGT UNIT $84.14 $106.37 $47.00 $87.00 3 $84.14 287 -20.90% 79.10% GLADWIN FOREST MGT UNIT $59.48 $77.58 $30.00 $100.00 14 $80.59 926 3.89% 76.67% AUSABLE STATE FOREST $85.23 $100.77 $30.00 $653.10 48 $104.05 2,106 3.25% 84.58% NORTHERN LOWER PENINSULA - - - - - - - - - - - - $30.00 $653.10 48 3.25% 84.58% STATEWIDE - - - - - - - - - - - -

Transcript of Michigan Department of Natural Resources Forest, … · Michigan Department of Natural Resources...

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 1 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)B.T. ASPEN # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$104.32$136.00 $87.00 $175.114 $130.84162 -3.80%76.70%GAYLORD FMU OFFICE$139.26$150.38 $130.00 $200.003 $158.5870 5.45%92.60%ATLANTA FOREST MGT UNIT$114.89$140.35 $87.00 $200.007 $139.23232 -0.80%81.86%MACKINAW STATE FOREST$84.16$102.56 $69.00 $100.006 $85.22174 -16.90%82.06%TRAVERSE CITY FOREST MGT UNIT

$107.37$116.24 $85.00 $653.1021 $125.77774 8.20%92.37%CADILLAC FOREST MGT UNIT$103.12$113.74 $69.00 $653.1027 $118.35948 4.05%90.67%PERE MARQUETTE STATE FOREST$44.09$61.94 $42.00 $58.055 $44.4572 -28.24%71.18%ROSCOMMON FOREST MGT UNIT$48.96$64.99 $30.00 $100.006 $83.41567 28.33%75.33%GRAYLING FOREST MGT UNIT$84.14$106.37 $47.00 $87.003 $84.14287 -20.90%79.10%GLADWIN FOREST MGT UNIT$59.48$77.58 $30.00 $100.0014 $80.59926 3.89%76.67%AUSABLE STATE FOREST$85.23$100.77 $30.00 $653.1048 $104.052,106 3.25%84.58%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $30.00 $653.1048 3.25%84.58%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 2 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)BASSWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$179.10$265.33 $162.00 $235.007 $179.49168 -32.35%67.50%BARAGA FOREST MGT UNIT$161.34$205.38 $132.00 $275.007 $175.38421 -14.61%78.56%CRYSTAL FALLS FOREST MGT UNIT$153.11$185.06 $117.00 $185.003 $153.1144 -17.26%82.74%GWINN FOREST MGT UNIT$166.50$213.28 $150.00 $186.003 $178.8250 -16.16%78.06%ESCANABA FOREST MGT UNIT$160.27$200.16 $117.00 $186.006 $166.8794 -16.63%80.07%ESCANABA RIVER STATE FOREST$108.46$133.17 $104.00 $200.002 $139.6841 4.89%81.44%S STE MARIE FMU (DRUMMOND IS)$108.46$133.17 $104.00 $200.002 $139.6841 4.89%81.44%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $104.00 $275.0022 -19.26%75.67%UPPER PENINSULA - - - - - - - - - - - -$124.23$148.51 $87.00 $376.7615 $147.291,198 -0.82%83.65%GAYLORD FMU OFFICE$127.09$160.39 $130.00 $205.003 $154.09176 -3.93%79.24%PIGEON RIVER FOREST MGT UNIT$111.57$156.40 $108.00 $200.006 $137.52468 -12.07%71.33%ATLANTA FOREST MGT UNIT$121.28$151.65 $87.00 $376.7624 $145.461,842 -4.08%79.98%MACKINAW STATE FOREST$114.17$158.93 $96.06 $135.003 $114.5763 -27.91%71.83%TRAVERSE CITY FOREST MGT UNIT$110.00$123.79 $110.00 $110.001 $110.0026 -11.14%88.86%CADILLAC FOREST MGT UNIT$112.96$148.74 $96.06 $135.004 $113.2589 -23.86%75.94%PERE MARQUETTE STATE FOREST$100.00$142.90 $100.00 $400.002 $298.8134 109.10%69.98%ROSCOMMON FOREST MGT UNIT$100.00$142.90 $100.00 $400.002 $298.8134 109.10%69.98%AUSABLE STATE FOREST$120.54$151.37 $87.00 $400.0030 $146.611,965 -3.15%79.63%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $87.00 $400.0052 -8.67%78.27%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 3 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)BEECH # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$78.00$100.00 $78.00 $78.001 $78.004 -22.00%78.00%ESCANABA FOREST MGT UNIT$78.00$100.00 $78.00 $78.001 $78.004 -22.00%78.00%ESCANABA RIVER STATE FOREST$67.00$76.96 $107.00 $107.001 $107.0057 39.03%87.06%S STE MARIE FMU (NAUBINWAY)$81.00$93.12 $120.00 $120.001 $120.0011 28.87%86.98%S STE MARIE FMU (DRUMMOND IS)$69.23$79.53 $107.00 $120.002 $109.0768 37.14%87.04%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $78.00 $120.003 33.53%86.49%UPPER PENINSULA - - - - - - - - - - - -$47.54$61.34 $41.00 $100.953 $98.64137 60.80%77.50%GAYLORD FMU OFFICE$47.54$61.34 $41.00 $100.953 $98.64137 60.80%77.50%MACKINAW STATE FOREST$43.00$62.00 $43.00 $43.001 $43.002 -30.65%69.35%ROSCOMMON FOREST MGT UNIT$62.00$77.00 $62.00 $62.001 $62.0013 -19.48%80.52%GRAYLING FOREST MGT UNIT$59.04$74.66 $43.00 $62.002 $59.0415 -20.93%79.07%AUSABLE STATE FOREST$48.70$62.69 $41.00 $100.955 $94.64152 50.97%77.69%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $41.00 $120.008 44.42%81.00%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

BLACK ASH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$31.00$42.90 $31.00 $31.001 $31.000 -27.74%72.26%BARAGA FOREST MGT UNIT$105.00$58.69 $145.00 $145.001 $145.0030 147.06%178.91%ESCANABA FOREST MGT UNIT$105.00$58.69 $145.00 $145.001 $145.0030 147.06%178.91%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $31.00 $145.002 146.64%178.65%UPPER PENINSULA - - - - - - - - - - - -$55.00$78.82 $55.00 $200.002 $149.4618 89.62%69.78%ROSCOMMON FOREST MGT UNIT$55.00$78.82 $55.00 $200.002 $149.4618 89.62%69.78%AUSABLE STATE FOREST$55.00$78.82 $55.00 $200.002 $149.4618 89.62%69.78%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $31.00 $200.004 121.62%130.89%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 4 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)BLACK CHERRY

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$174.00$377.84 $200.00 $200.001 $200.0010 -47.07%46.05%BARAGA FOREST MGT UNIT$177.02$183.76 $200.00 $410.003 $317.5935 72.83%96.33%GWINN FOREST MGT UNIT$177.02$183.76 $200.00 $410.003 $317.5935 72.83%96.33%ESCANABA RIVER STATE FOREST$344.58$393.26 $350.00 $450.002 $441.4047 12.24%87.62%S STE MARIE FMU (NAUBINWAY)$344.58$393.26 $350.00 $450.002 $441.4047 12.24%87.62%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $200.00 $450.006 18.45%84.32%UPPER PENINSULA - - - - - - - - - - - -$295.47$343.59 $195.00 $343.003 $305.2878 -11.15%86.00%TRAVERSE CITY FOREST MGT UNIT$183.00$182.89 $183.00 $183.001 $183.002 0.06%100.06%CADILLAC FOREST MGT UNIT$292.51$339.35 $183.00 $343.004 $302.0680 -10.99%86.20%PERE MARQUETTE STATE FOREST$292.51$339.35 $183.00 $343.004 $302.0680 -10.99%86.20%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $183.00 $450.0010 4.07%85.24%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

JACK PINE # OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$202.00$258.96 $160.00 $227.002 $202.00129 -21.99%78.01%ATLANTA FOREST MGT UNIT$202.00$258.96 $160.00 $227.002 $202.00129 -21.99%78.01%MACKINAW STATE FOREST$88.88$164.30 $50.00 $370.086 $137.14512 -16.53%54.10%TRAVERSE CITY FOREST MGT UNIT$99.28$113.61 $75.00 $278.727 $157.15343 38.32%87.39%CADILLAC FOREST MGT UNIT$93.06$143.95 $50.00 $370.0813 $145.17855 0.85%64.64%PERE MARQUETTE STATE FOREST$49.63$83.20 $52.00 $480.009 $103.82854 24.78%59.64%ROSCOMMON FOREST MGT UNIT

$122.00$148.57 $49.00 $461.6210 $245.721,191 65.40%82.12%GRAYLING FOREST MGT UNIT$102.12$112.75 $83.00 $178.003 $109.69178 -2.71%90.57%GLADWIN FOREST MGT UNIT$92.61$120.59 $49.00 $480.0022 $180.322,224 49.53%76.80%AUSABLE STATE FOREST$97.14$132.39 $49.00 $480.0037 $171.833,208 29.79%73.37%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $49.00 $480.0037 29.79%73.37%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 5 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)MIXED ASPEN

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$31.03$40.81 $34.00 $82.509 $38.35558 -6.04%76.04%S STE MARIE FMU (SOO MAINLAND)$37.62$40.70 $33.00 $60.004 $44.20134 8.61%92.44%S STE MARIE FMU (DRUMMOND IS)$32.31$40.79 $33.00 $82.5013 $39.48693 -3.21%79.21%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $33.00 $82.5013 -3.21%79.21%UPPER PENINSULA - - - - - - - - - - - -$130.93$175.22 $92.00 $180.008 $142.11391 -18.90%74.72%GAYLORD FMU OFFICE$86.00$126.19 $100.00 $100.001 $100.005 -20.75%68.15%PIGEON RIVER FOREST MGT UNIT

$178.93$202.00 $178.00 $211.455 $192.94242 -4.48%88.58%ATLANTA FOREST MGT UNIT$148.77$184.98 $92.00 $211.4514 $161.05637 -12.94%80.42%MACKINAW STATE FOREST$69.31$92.77 $58.00 $100.006 $74.20174 -20.01%74.71%TRAVERSE CITY FOREST MGT UNIT$79.53$88.72 $51.00 $110.0013 $80.921,051 -8.79%89.65%CADILLAC FOREST MGT UNIT$78.08$89.29 $51.00 $110.0019 $79.971,225 -10.44%87.44%PERE MARQUETTE STATE FOREST$33.00$65.80 $33.00 $33.001 $33.005 -49.85%50.15%GRAYLING FOREST MGT UNIT

$103.68$116.72 $86.00 $125.007 $103.68265 -11.17%88.83%GLADWIN FOREST MGT UNIT$102.26$115.70 $33.00 $125.008 $102.26271 -11.61%88.39%AUSABLE STATE FOREST$102.27$121.24 $33.00 $211.4541 $107.032,132 -11.72%84.36%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $33.00 $211.4554 -10.88%83.85%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 6 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)MIXED HARDWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$70.75$93.11 $370.00 $600.003 $436.77164 369.12%75.99%CRYSTAL FALLS FOREST MGT UNIT$141.85$209.13 $100.00 $420.008 $244.87111 17.09%67.83%GWINN FOREST MGT UNIT$107.94$133.60 $97.00 $225.009 $152.1774 13.90%80.79%ESCANABA FOREST MGT UNIT$128.25$178.84 $97.00 $420.0017 $207.69186 16.14%71.71%ESCANABA RIVER STATE FOREST$92.13$117.59 $123.00 $150.002 $136.9618 16.47%78.35%S STE MARIE FMU (NAUBINWAY)

$142.48$148.00 $120.00 $350.002 $142.4849 -3.73%96.27%S STE MARIE FMU (SOO MAINLAND)$148.00$148.00 $148.00 $148.001 $148.002 0.00%100.00%S STE MARIE FMU (DRUMMOND IS)$129.64$140.14 $120.00 $350.005 $141.2269 0.77%92.50%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $97.00 $600.0025 106.22%76.29%UPPER PENINSULA - - - - - - - - - - - -$51.00$61.23 $51.00 $51.001 $51.0056 -16.71%83.29%GAYLORD FMU OFFICE$58.00$77.50 $85.00 $85.001 $85.0022 9.68%74.84%PIGEON RIVER FOREST MGT UNIT$52.97$65.82 $51.00 $85.002 $60.5978 -7.94%80.48%MACKINAW STATE FOREST

$154.00$179.52 $180.00 $180.001 $180.0012 0.27%85.78%TRAVERSE CITY FOREST MGT UNIT$78.89$100.31 $66.00 $85.002 $78.8934 -21.36%78.64%CADILLAC FOREST MGT UNIT$98.64$121.14 $66.00 $180.003 $105.4746 -12.93%81.43%PERE MARQUETTE STATE FOREST$70.01$86.45 $51.00 $180.005 $77.33124 -10.55%80.98%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $51.00 $600.0030 87.98%77.03%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 7 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)MIXED OAK

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$84.00$109.93 $100.00 $100.001 $100.0042 -9.03%76.41%GAYLORD FMU OFFICE$102.00$147.85 $110.00 $110.001 $110.009 -25.60%68.99%PIGEON RIVER FOREST MGT UNIT$44.00$76.59 $50.00 $50.001 $50.0027 -34.72%57.45%ATLANTA FOREST MGT UNIT$72.19$102.73 $50.00 $110.003 $83.8078 -18.43%70.28%MACKINAW STATE FOREST

$106.65$184.30 $150.00 $365.003 $259.38460 40.73%57.86%TRAVERSE CITY FOREST MGT UNIT$74.24$91.92 $69.00 $400.009 $114.05295 24.09%80.77%CADILLAC FOREST MGT UNIT$93.99$148.22 $69.00 $400.0012 $202.62754 36.70%63.41%PERE MARQUETTE STATE FOREST

$141.11$225.80 $80.00 $595.0013 $235.85943 4.45%62.49%ROSCOMMON FOREST MGT UNIT$96.99$130.30 $71.00 $300.009 $153.83412 18.06%74.44%GRAYLING FOREST MGT UNIT

$131.16$179.94 $93.00 $831.0012 $163.08998 -9.37%72.89%GLADWIN FOREST MGT UNIT$129.17$189.63 $71.00 $831.0034 $190.622,353 0.52%68.12%AUSABLE STATE FOREST$119.44$177.69 $50.00 $831.0049 $190.843,185 7.40%67.22%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $50.00 $831.0049 7.40%67.22%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

MIXED PINE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$65.00$100.00 $100.00 $100.001 $100.0035 0.00%65.00%GWINN FOREST MGT UNIT$65.00$100.00 $100.00 $100.001 $100.0035 0.00%65.00%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $100.00 $100.001 0.00%65.00%UPPER PENINSULA - - - - - - - - - - - -$119.00$154.94 $235.00 $235.001 $235.0023 51.67%76.80%GLADWIN FOREST MGT UNIT$119.00$154.94 $235.00 $235.001 $235.0023 51.67%76.80%AUSABLE STATE FOREST$119.00$154.94 $235.00 $235.001 $235.0023 51.67%76.80%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $100.00 $235.002 25.96%70.93%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

MIXED SOFTWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$70.00$101.22 $100.00 $100.001 $100.004 -1.21%69.16%S STE MARIE FMU (NAUBINWAY)$34.00$48.50 $48.00 $48.001 $48.0081 -1.03%70.10%S STE MARIE FMU (SOO MAINLAND)$35.66$50.93 $48.00 $100.002 $50.4085 -1.05%70.02%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $48.00 $100.002 -1.05%70.02%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $48.00 $100.002 -1.05%70.02%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 8 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)N. WHITE CEDAR

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$55.31$54.00 $83.00 $100.002 $88.69246 64.25%102.43%S STE MARIE FMU (DRUMMOND IS)$55.31$54.00 $83.00 $100.002 $88.69246 64.25%102.43%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $83.00 $100.002 64.25%102.43%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $83.00 $100.002 64.25%102.43%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

PAPER BIRCH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$70.08$159.40 $60.00 $666.005 $102.89204 -35.45%43.97%BARAGA FOREST MGT UNIT$81.51$110.91 $160.00 $345.003 $240.1548 116.52%73.49%CRYSTAL FALLS FOREST MGT UNIT$54.84$80.96 $50.00 $175.003 $79.4734 -1.84%67.73%GWINN FOREST MGT UNIT

$110.52$144.09 $109.00 $250.006 $154.1634 6.99%76.71%ESCANABA FOREST MGT UNIT$82.80$112.66 $50.00 $250.009 $116.9869 3.83%73.49%ESCANABA RIVER STATE FOREST$87.00$121.23 $125.00 $125.001 $125.0027 3.11%71.76%NEWBERRY FOREST MGT UNIT$97.05$127.14 $90.00 $156.005 $132.3456 4.09%76.33%S STE MARIE FMU (NAUBINWAY)

$101.82$124.14 $90.00 $150.007 $108.93183 -12.26%82.01%S STE MARIE FMU (SOO MAINLAND)$121.48$125.31 $200.00 $250.003 $222.3446 77.43%96.94%S STE MARIE FMU (DRUMMOND IS)$102.59$124.60 $90.00 $250.0016 $131.26312 5.35%82.33%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $50.00 $666.0033 -3.53%66.21%UPPER PENINSULA - - - - - - - - - - - -$72.00$102.36 $85.00 $85.001 $85.0012 -16.96%70.34%TRAVERSE CITY FOREST MGT UNIT$44.00$65.30 $44.00 $44.001 $44.0010 -32.62%67.38%CADILLAC FOREST MGT UNIT$58.84$84.94 $44.00 $85.002 $65.7322 -22.62%69.27%PERE MARQUETTE STATE FOREST$58.84$84.94 $44.00 $85.002 $65.7322 -22.62%69.27%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $44.00 $666.0035 -3.94%66.27%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 9 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)Q. ASPEN # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$50.00$68.63 $85.00 $85.001 $85.00139 23.85%72.85%PIGEON RIVER FOREST MGT UNIT$50.00$68.63 $85.00 $85.001 $85.00139 23.85%72.85%MACKINAW STATE FOREST$70.00$81.86 $100.00 $100.001 $100.0077 22.16%85.51%TRAVERSE CITY FOREST MGT UNIT$73.21$85.53 $65.00 $101.004 $87.3597 2.12%85.60%CADILLAC FOREST MGT UNIT$71.79$83.91 $65.00 $101.005 $92.95174 10.78%85.56%PERE MARQUETTE STATE FOREST$41.55$51.53 $37.00 $66.653 $55.4360 7.55%80.63%ROSCOMMON FOREST MGT UNIT$44.00$67.42 $44.00 $44.001 $44.00101 -34.74%65.26%GRAYLING FOREST MGT UNIT$63.00$84.24 $63.00 $63.001 $63.0094 -25.21%74.79%GLADWIN FOREST MGT UNIT$50.42$69.90 $37.00 $66.655 $53.67254 -23.21%72.14%AUSABLE STATE FOREST$56.87$73.88 $37.00 $101.0011 $73.39567 -0.66%76.98%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $37.00 $101.0011 -0.66%76.98%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 10 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)RED MAPLE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$104.99$176.95 $84.00 $420.0013 $166.64569 -5.83%59.34%BARAGA FOREST MGT UNIT$113.63$135.41 $110.00 $148.005 $119.3387 -11.88%83.91%ESCANABA FOREST MGT UNIT$113.63$135.41 $110.00 $148.005 $119.3387 -11.88%83.91%ESCANABA RIVER STATE FOREST$121.68$155.77 $125.00 $129.002 $127.5469 -18.12%78.12%NEWBERRY FOREST MGT UNIT$134.26$165.76 $120.00 $216.007 $184.56192 11.34%81.00%S STE MARIE FMU (NAUBINWAY)$120.00$132.00 $150.00 $150.001 $150.001 13.64%90.91%S STE MARIE FMU (SOO MAINLAND)$130.87$162.94 $120.00 $216.0010 $169.34263 3.92%80.31%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $84.00 $420.0028 -3.59%66.99%UPPER PENINSULA - - - - - - - - - - - -$70.06$87.22 $54.00 $170.006 $127.09238 45.72%80.33%GAYLORD FMU OFFICE

$139.00$154.58 $139.00 $139.001 $139.009 -10.08%89.92%PIGEON RIVER FOREST MGT UNIT$72.57$89.67 $54.00 $170.007 $127.53247 42.22%80.93%MACKINAW STATE FOREST

$126.26$171.57 $75.00 $730.0011 $226.47238 32.00%73.59%TRAVERSE CITY FOREST MGT UNIT$115.83$156.36 $75.00 $1,115.0020 $178.48680 14.15%74.08%CADILLAC FOREST MGT UNIT$118.54$160.30 $75.00 $1,115.0031 $190.92918 19.10%73.94%PERE MARQUETTE STATE FOREST$88.79$140.48 $77.00 $325.005 $121.9660 -13.18%63.20%ROSCOMMON FOREST MGT UNIT$90.67$146.04 $80.00 $93.002 $90.6724 -37.91%62.09%GRAYLING FOREST MGT UNIT

$118.80$145.35 $90.00 $162.009 $128.051,061 -11.90%81.74%GLADWIN FOREST MGT UNIT$116.65$145.11 $77.00 $325.0016 $126.951,145 -12.52%80.39%AUSABLE STATE FOREST$112.68$145.22 $54.00 $1,115.0054 $152.432,309 4.97%77.60%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $54.00 $1,115.0082 2.26%74.24%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 11 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)RED OAK # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$586.37$672.50 $482.00 $954.604 $884.6061 31.54%87.19%BARAGA FOREST MGT UNIT$175.00$300.00 $177.00 $177.001 $177.0059 -41.00%58.33%ESCANABA FOREST MGT UNIT$175.00$300.00 $177.00 $177.001 $177.0059 -41.00%58.33%ESCANABA RIVER STATE FOREST$273.00$300.12 $300.00 $300.001 $300.001 -0.04%90.96%S STE MARIE FMU (SOO MAINLAND)$273.00$300.12 $300.00 $300.001 $300.001 -0.04%90.96%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $177.00 $954.606 9.66%78.60%UPPER PENINSULA - - - - - - - - - - - -$176.00$288.89 $320.00 $320.001 $320.008 10.77%60.92%GAYLORD FMU OFFICE$318.00$336.97 $360.00 $510.002 $435.0018 29.09%94.37%PIGEON RIVER FOREST MGT UNIT$211.13$252.28 $155.00 $637.003 $377.15196 49.50%83.69%ATLANTA FOREST MGT UNIT$218.54$260.47 $155.00 $637.006 $379.78222 45.81%83.90%MACKINAW STATE FOREST$279.29$340.16 $294.00 $610.009 $401.67754 18.08%82.10%TRAVERSE CITY FOREST MGT UNIT$277.85$292.93 $156.00 $520.0013 $376.901,409 28.67%94.85%CADILLAC FOREST MGT UNIT$278.35$309.39 $156.00 $610.0022 $385.542,163 24.61%89.97%PERE MARQUETTE STATE FOREST$177.53$244.94 $208.00 $748.536 $366.50721 49.62%72.48%ROSCOMMON FOREST MGT UNIT$202.46$254.83 $179.00 $1,029.0011 $328.70674 28.99%79.45%GRAYLING FOREST MGT UNIT$284.82$344.31 $350.00 $1,185.104 $759.46140 120.57%82.72%GLADWIN FOREST MGT UNIT$198.24$258.33 $179.00 $1,185.1021 $385.661,534 49.29%76.74%AUSABLE STATE FOREST$243.61$286.63 $155.00 $1,185.1049 $385.263,919 34.41%84.99%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $155.00 $1,185.1055 33.17%84.67%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 12 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)RED PINE # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$140.00$229.37 $150.00 $150.001 $150.0032 -34.60%61.04%CRYSTAL FALLS FOREST MGT UNIT$143.75$176.79 $141.00 $250.003 $194.1386 9.81%81.31%GWINN FOREST MGT UNIT$132.05$198.55 $135.55 $205.008 $170.47183 -14.14%66.51%ESCANABA FOREST MGT UNIT$135.77$191.62 $135.55 $250.0011 $178.00269 -7.11%70.85%ESCANABA RIVER STATE FOREST$199.72$222.33 $170.00 $262.004 $244.03244 9.76%89.83%SHINGLETON FOREST MGT UNIT$221.25$285.48 $210.00 $327.535 $281.60367 -1.36%77.50%NEWBERRY FOREST MGT UNIT$250.19$313.28 $250.00 $300.005 $276.33326 -11.79%79.86%S STE MARIE FMU (NAUBINWAY)$187.00$210.00 $200.00 $200.001 $200.0015 -4.76%89.05%S STE MARIE FMU (SOO MAINLAND)$225.12$277.66 $170.00 $327.5315 $268.91952 -3.15%81.08%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $135.55 $327.5327 -4.50%78.99%UPPER PENINSULA - - - - - - - - - - - -$154.53$221.83 $164.86 $582.0510 $190.341,407 -14.20%69.66%GAYLORD FMU OFFICE$141.51$235.74 $140.00 $280.005 $164.22875 -30.34%60.03%PIGEON RIVER FOREST MGT UNIT$300.15$342.74 $200.00 $500.005 $344.93366 0.64%87.57%ATLANTA FOREST MGT UNIT$170.34$243.13 $140.00 $582.0520 $203.062,648 -16.48%70.06%MACKINAW STATE FOREST$166.18$194.59 $140.00 $732.3021 $197.722,232 1.61%85.40%TRAVERSE CITY FOREST MGT UNIT$173.66$198.41 $116.00 $275.0023 $185.98857 -6.27%87.52%CADILLAC FOREST MGT UNIT$168.26$195.65 $116.00 $732.3044 $194.463,089 -0.60%86.00%PERE MARQUETTE STATE FOREST$147.50$236.70 $153.00 $501.0018 $200.061,826 -15.48%62.32%ROSCOMMON FOREST MGT UNIT$194.92$243.68 $121.00 $380.0014 $222.98952 -8.49%79.99%GRAYLING FOREST MGT UNIT$215.25$252.76 $170.00 $802.257 $294.32449 16.44%85.16%GLADWIN FOREST MGT UNIT$170.91$240.99 $121.00 $802.2539 $219.933,227 -8.74%70.92%AUSABLE STATE FOREST$169.83$226.00 $116.00 $802.25103 $206.178,963 -8.77%75.15%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $116.00 $802.25130 -8.19%75.67%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 13 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)SUGAR MAPLE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$527.98$755.00 $335.00 $999.0015 $773.51774 2.45%69.93%BARAGA FOREST MGT UNIT$275.72$344.24 $218.00 $600.008 $362.8796 5.41%80.10%CRYSTAL FALLS FOREST MGT UNIT$327.39$414.16 $192.00 $876.808 $513.32293 23.94%79.05%GWINN FOREST MGT UNIT$234.24$310.79 $202.00 $700.004 $395.4151 27.23%75.37%ESCANABA FOREST MGT UNIT$313.62$398.88 $192.00 $876.8012 $495.89344 24.32%78.62%ESCANABA RIVER STATE FOREST$594.61$725.31 $461.00 $929.006 $807.93219 11.39%81.98%SHINGLETON FOREST MGT UNIT$586.74$778.32 $435.00 $1,000.006 $819.07197 5.24%75.39%NEWBERRY FOREST MGT UNIT$592.57$716.73 $470.00 $923.008 $815.72208 13.81%82.68%S STE MARIE FMU (NAUBINWAY)$523.00$553.88 $382.00 $670.003 $523.7519 -5.44%94.43%S STE MARIE FMU (SOO MAINLAND)$585.75$714.07 $725.00 $996.795 $874.40311 22.45%82.03%S STE MARIE FMU (DRUMMOND IS)$588.21$727.27 $382.00 $1,000.0028 $827.80955 13.82%80.88%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $192.00 $1,000.0063 10.04%76.23%UPPER PENINSULA - - - - - - - - - - - -$389.21$445.58 $250.00 $786.1816 $534.54613 19.96%87.35%GAYLORD FMU OFFICE$329.65$417.56 $350.00 $500.003 $451.2381 8.06%78.95%PIGEON RIVER FOREST MGT UNIT$171.75$204.76 $143.00 $375.105 $268.3685 31.06%83.88%ATLANTA FOREST MGT UNIT$359.32$416.42 $143.00 $786.1824 $496.86779 19.32%86.29%MACKINAW STATE FOREST$498.29$565.49 $479.00 $1,158.003 $638.86113 12.97%88.12%TRAVERSE CITY FOREST MGT UNIT$224.78$255.52 $217.00 $275.004 $230.9956 -9.60%87.97%CADILLAC FOREST MGT UNIT$407.07$462.11 $217.00 $1,158.007 $502.82169 8.81%88.09%PERE MARQUETTE STATE FOREST$185.00$264.62 $185.00 $185.001 $185.008 -30.09%69.91%ROSCOMMON FOREST MGT UNIT$112.53$184.95 $115.00 $310.004 $200.7677 8.55%60.85%GRAYLING FOREST MGT UNIT$119.32$192.41 $115.00 $310.005 $199.2984 3.58%62.01%AUSABLE STATE FOREST$347.52$405.59 $115.00 $1,158.0036 $473.511,033 16.75%85.68%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $115.00 $1,158.0099 11.54%78.35%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 14 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)WHITE ASH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$91.86$166.81 $84.34 $170.003 $143.5514 -13.94%55.07%BARAGA FOREST MGT UNIT$146.70$227.37 $120.00 $210.004 $159.3141 -29.93%64.52%ESCANABA FOREST MGT UNIT$146.70$227.37 $120.00 $210.004 $159.3141 -29.93%64.52%ESCANABA RIVER STATE FOREST$126.00$141.37 $150.00 $150.001 $150.006 6.10%89.13%S STE MARIE FMU (NAUBINWAY)$126.00$141.37 $150.00 $150.001 $150.006 6.10%89.13%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $84.34 $210.008 -24.62%64.28%UPPER PENINSULA - - - - - - - - - - - -$87.00$152.54 $97.00 $97.001 $97.0019 -36.41%57.03%GAYLORD FMU OFFICE

$152.97$189.34 $150.00 $376.002 $241.6237 27.61%80.79%PIGEON RIVER FOREST MGT UNIT$130.59$176.85 $97.00 $376.003 $192.5556 8.88%73.84%MACKINAW STATE FOREST$143.00$160.95 $143.00 $143.001 $143.0015 -11.15%88.85%CADILLAC FOREST MGT UNIT$143.00$160.95 $143.00 $143.001 $143.0015 -11.15%88.85%PERE MARQUETTE STATE FOREST$119.29$132.58 $113.00 $128.002 $119.29203 -10.03%89.97%GLADWIN FOREST MGT UNIT$119.29$132.58 $113.00 $128.002 $119.29203 -10.03%89.97%AUSABLE STATE FOREST$122.93$143.22 $97.00 $376.006 $135.60274 -5.32%85.83%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $84.34 $376.0014 -10.00%80.60%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

WHITE OAK

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$52.00$71.63 $52.00 $56.002 $54.4969 -23.92%72.60%TRAVERSE CITY FOREST MGT UNIT$52.00$71.63 $52.00 $56.002 $54.4969 -23.92%72.60%PERE MARQUETTE STATE FOREST$48.85$68.59 $48.00 $49.002 $48.8533 -28.78%71.22%ROSCOMMON FOREST MGT UNIT$36.00$54.66 $60.00 $60.001 $60.009 9.77%65.86%GRAYLING FOREST MGT UNIT$56.00$69.77 $56.00 $56.001 $56.0079 -19.74%80.26%GLADWIN FOREST MGT UNIT$52.58$68.32 $48.00 $60.004 $54.37121 -20.42%76.95%AUSABLE STATE FOREST$52.37$69.53 $48.00 $60.006 $54.41190 -21.74%75.32%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $48.00 $60.006 -21.74%75.32%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 15 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)WHITE PINE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$34.00$61.80 $34.00 $34.001 $34.000 -44.98%55.02%BARAGA FOREST MGT UNIT$166.71$267.91 $145.55 $624.1910 $188.96212 -29.47%62.22%ESCANABA FOREST MGT UNIT$166.71$267.91 $145.55 $624.1910 $188.96212 -29.47%62.22%ESCANABA RIVER STATE FOREST$126.50$145.22 $111.00 $173.004 $146.00131 0.53%87.10%SHINGLETON FOREST MGT UNIT$126.60$150.23 $86.00 $244.444 $177.9785 18.46%84.27%NEWBERRY FOREST MGT UNIT$80.36$101.22 $146.00 $160.003 $148.5239 46.73%79.39%S STE MARIE FMU (NAUBINWAY)

$119.45$140.14 $86.00 $244.4411 $157.04256 12.06%85.24%LAKE SUPERIOR STATE FOREST - - - - - - - - - - - - $34.00 $624.1922 -13.38%71.14%UPPER PENINSULA - - - - - - - - - - - -

$68.35$87.81 $85.00 $104.113 $99.25131 13.03%77.84%PIGEON RIVER FOREST MGT UNIT$68.35$87.81 $85.00 $104.113 $99.25131 13.03%77.84%MACKINAW STATE FOREST$69.89$84.60 $60.00 $75.003 $72.8982 -13.85%82.62%TRAVERSE CITY FOREST MGT UNIT$77.43$98.79 $95.00 $180.008 $149.21333 51.04%78.38%CADILLAC FOREST MGT UNIT$75.94$95.99 $60.00 $180.0011 $134.15415 39.76%79.12%PERE MARQUETTE STATE FOREST

$114.45$162.48 $115.00 $148.502 $118.6921 -26.95%70.44%ROSCOMMON FOREST MGT UNIT$41.47$62.02 $55.00 $100.002 $83.4976 34.60%66.86%GRAYLING FOREST MGT UNIT$57.16$83.62 $55.00 $148.504 $91.0697 8.89%68.35%AUSABLE STATE FOREST$71.55$92.45 $55.00 $180.0018 $120.52643 30.36%77.40%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $34.00 $624.1940 3.72%73.59%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

WHITE SPRUCE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$22.19$41.57 $24.00 $40.005 $33.1971 -20.16%53.39%BARAGA FOREST MGT UNIT$48.00$53.00 $50.00 $50.001 $50.001 -5.66%90.57%S STE MARIE FMU (SOO MAINLAND)$45.36$53.00 $46.00 $70.002 $61.3944 15.84%85.58%S STE MARIE FMU (DRUMMOND IS)$45.39$53.00 $46.00 $70.003 $61.2644 15.59%85.64%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $24.00 $70.008 -4.42%67.59%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $24.00 $70.008 -4.42%67.59%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 16 of 41

SAWLOGS (MBF, see footnote 6)AVG. PRICE USED

(2)YELLOW BIRCH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$203.28$324.61 $220.00 $800.0010 $476.2997 46.73%62.62%BARAGA FOREST MGT UNIT$45.00$58.25 $45.00 $45.001 $45.002 -22.75%77.25%ESCANABA FOREST MGT UNIT$45.00$58.25 $45.00 $45.001 $45.002 -22.75%77.25%ESCANABA RIVER STATE FOREST

$201.21$241.98 $246.00 $550.002 $350.3334 44.78%83.15%S STE MARIE FMU (NAUBINWAY)$201.21$241.98 $246.00 $550.002 $350.3334 44.78%83.15%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $45.00 $800.0013 46.10%66.89%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $45.00 $800.0013 46.10%66.89%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 17 of 41

SAWLOGS EXCLUSION (MBF, see footnote 6)BLACK CHERRY

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$2,126.32$0.001 9GLADWIN FOREST MGT UNIT$2,126.32$0.001 9AUSABLE STATE FOREST$2,126.32$0.001 9NORTHERN LOWER PENINSULA$2,126.32$0.001STATEWIDE - - - - - -

RED MAPLE

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$3,987.36$0.001 7S STE MARIE FMU (NAUBINWAY)$3,987.36$0.001 7LAKE SUPERIOR STATE FOREST$3,987.36$0.001UPPER PENINSULA - - - - - -$1,703.60$0.001 27TRAVERSE CITY FOREST MGT UNIT$1,703.60$0.001 27PERE MARQUETTE STATE FOREST$1,703.60$0.001 27NORTHERN LOWER PENINSULA$3,987.36$0.002STATEWIDE - - - - - -

RED OAK # OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$1,704.00$0.001 9TRAVERSE CITY FOREST MGT UNIT$2,766.00$0.001 6CADILLAC FOREST MGT UNIT$2,766.00$0.002 15PERE MARQUETTE STATE FOREST$2,766.00$0.002 15NORTHERN LOWER PENINSULA$2,766.00$0.002STATEWIDE - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 18 of 41

SAWLOGS EXCLUSION (MBF, see footnote 6)RED PINE # OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$1,330.88$0.001 54ATLANTA FOREST MGT UNIT$1,330.88$0.001 54MACKINAW STATE FOREST$1,652.00$0.001 100TRAVERSE CITY FOREST MGT UNIT$1,652.00$0.001 100PERE MARQUETTE STATE FOREST$1,750.00$0.001 9ROSCOMMON FOREST MGT UNIT$1,750.00$0.001 9AUSABLE STATE FOREST$1,750.00$0.003 164NORTHERN LOWER PENINSULA$1,750.00$0.003STATEWIDE - - - - - -

YELLOW BIRCH

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$3,047.00$0.001 9BARAGA FOREST MGT UNIT$3,047.00$0.001UPPER PENINSULA - - - - - -$3,047.00$0.001STATEWIDE - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 19 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)B.T. ASPEN # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$20.60$23.69 $23.65 $23.651 $23.65270.00 -0.17%86.96%GWINN FOREST MGT UNIT$20.60$23.69 $23.65 $23.651 $23.65270.00 -0.17%86.96%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $23.65 $23.651 -0.17%86.96%UPPER PENINSULA - - - - - - - - - - - -$18.73$23.11 $12.70 $45.109 $29.803,937.00 28.96%81.06%GAYLORD FMU OFFICE$25.70$24.70 $26.00 $26.001 $26.00320.00 5.26%104.05%PIGEON RIVER FOREST MGT UNIT$22.39$22.36 $20.50 $22.612 $22.401,443.00 0.18%100.14%ATLANTA FOREST MGT UNIT$20.05$23.01 $12.70 $45.1012 $27.715,700.00 20.45%87.14%MACKINAW STATE FOREST$19.52$23.96 $17.10 $60.9910 $28.043,312.70 17.01%81.46%TRAVERSE CITY FOREST MGT UNIT$23.41$23.88 $18.25 $50.0027 $29.794,716.00 24.76%98.04%CADILLAC FOREST MGT UNIT$21.80$23.91 $17.10 $60.9937 $29.078,028.70 21.56%91.18%PERE MARQUETTE STATE FOREST$17.24$24.43 $14.00 $64.547 $30.98928.40 26.78%70.58%ROSCOMMON FOREST MGT UNIT$16.81$23.71 $12.30 $25.0016 $19.113,914.00 -19.42%70.88%GRAYLING FOREST MGT UNIT$18.68$22.95 $13.50 $20.003 $18.682,096.00 -18.59%81.41%GLADWIN FOREST MGT UNIT$17.43$23.58 $12.30 $64.5426 $20.576,938.40 -12.77%73.93%AUSABLE STATE FOREST$19.85$23.55 $12.30 $64.5475 $25.8420,667.10 9.72%84.29%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $12.30 $64.5476 9.59%84.33%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

BALSAM FIR

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$16.29$20.90 $16.50 $40.017 $29.571,184.60 41.50%77.94%GWINN FOREST MGT UNIT$21.00$27.74 $17.00 $66.5018 $26.962,072.10 -2.79%75.71%ESCANABA FOREST MGT UNIT$19.29$25.25 $16.50 $66.5025 $27.913,256.70 10.54%76.38%ESCANABA RIVER STATE FOREST$10.83$12.78 $8.60 $33.663 $25.311,042.00 98.10%84.73%S STE MARIE FMU (NAUBINWAY)$9.85$11.06 $8.60 $15.003 $11.08311.50 0.21%89.06%S STE MARIE FMU (SOO MAINLAND)

$10.60$12.38 $8.60 $33.666 $22.041,353.50 77.98%85.62%LAKE SUPERIOR STATE FOREST - - - - - - - - - - - - $8.60 $66.5031 21.96%77.95%UPPER PENINSULA - - - - - - - - - - - -

$15.40$22.67 $16.00 $16.001 $16.0074.00 -29.42%67.93%TRAVERSE CITY FOREST MGT UNIT$14.00$21.77 $22.00 $22.001 $22.0046.50 1.06%64.31%CADILLAC FOREST MGT UNIT$14.86$22.32 $16.00 $22.002 $18.32120.50 -17.95%66.57%PERE MARQUETTE STATE FOREST$14.86$22.32 $16.00 $22.002 $18.32120.50 -17.95%66.57%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $8.60 $66.5033 20.90%77.65%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 20 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)BALSAM POPLAR

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$14.30$18.36 $16.00 $20.002 $18.27194.10 -0.51%77.88%GWINN FOREST MGT UNIT$18.29$22.82 $14.00 $33.339 $20.99877.50 -8.03%80.16%ESCANABA FOREST MGT UNIT$17.57$22.01 $14.00 $33.3311 $20.491,071.60 -6.89%79.82%ESCANABA RIVER STATE FOREST$2.85$4.08 $5.85 $5.851 $5.8542.00 43.38%69.85%S STE MARIE FMU (NAUBINWAY)$2.96$6.45 $8.50 $21.562 $9.191,001.90 42.41%45.94%S STE MARIE FMU (SOO MAINLAND)$3.85$5.81 $3.40 $5.003 $3.981,746.40 -31.50%66.31%S STE MARIE FMU (DRUMMOND IS)$3.52$6.02 $3.40 $21.566 $5.882,790.30 -2.28%58.50%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $3.40 $33.3317 -4.97%70.95%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $3.40 $33.3317 -4.97%70.95%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

BASSWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$3.79$5.57 $5.00 $10.003 $7.161,902.00 28.52%68.00%CRYSTAL FALLS FOREST MGT UNIT$6.96$7.55 $8.00 $9.002 $8.79144.00 16.45%92.16%GWINN FOREST MGT UNIT

$12.92$16.02 $12.00 $15.002 $14.75645.00 -7.92%80.62%ESCANABA FOREST MGT UNIT$11.83$14.48 $8.00 $15.004 $13.67789.00 -5.60%81.72%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $5.00 $15.007 10.81%75.12%UPPER PENINSULA - - - - - - - - - - - -$2.02$3.20 $3.00 $6.002 $4.471,120.00 39.54%63.23%GAYLORD FMU OFFICE$4.00$4.92 $10.00 $10.001 $10.00256.00 103.25%81.30%PIGEON RIVER FOREST MGT UNIT$2.39$3.52 $3.00 $10.003 $5.491,376.00 56.11%67.93%MACKINAW STATE FOREST$3.79$5.84 $3.40 $4.502 $3.79114.50 -35.15%64.85%TRAVERSE CITY FOREST MGT UNIT$4.30$5.38 $4.30 $4.301 $4.30242.90 -20.07%79.93%CADILLAC FOREST MGT UNIT$4.14$5.53 $3.40 $4.503 $4.14357.40 -25.18%74.82%PERE MARQUETTE STATE FOREST$2.80$4.01 $27.00 $27.001 $27.006.60 573.21%69.81%ROSCOMMON FOREST MGT UNIT$2.80$4.01 $27.00 $27.001 $27.006.60 573.21%69.81%AUSABLE STATE FOREST$2.75$3.93 $3.00 $27.007 $5.301,740.00 34.65%69.92%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $3.00 $27.0014 16.47%73.89%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 21 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)BEECH # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$5.10$5.47 $5.10 $5.101 $5.1057.00 -6.76%93.24%CADILLAC FOREST MGT UNIT$5.10$5.47 $5.10 $5.101 $5.1057.00 -6.76%93.24%PERE MARQUETTE STATE FOREST$6.75$9.00 $6.75 $6.751 $6.75113.00 -25.00%75.00%GRAYLING FOREST MGT UNIT$6.75$9.00 $6.75 $6.751 $6.75113.00 -25.00%75.00%AUSABLE STATE FOREST$6.20$7.82 $5.10 $6.752 $6.20170.00 -20.72%79.28%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $5.10 $6.752 -20.72%79.28%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

BLACK ASH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$13.00$14.53 $13.00 $15.002 $13.93600.00 -4.13%89.45%ESCANABA FOREST MGT UNIT$13.00$14.53 $13.00 $15.002 $13.93600.00 -4.13%89.45%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $13.00 $15.002 -4.13%89.45%UPPER PENINSULA - - - - - - - - - - - -$7.00$10.00 $7.00 $7.001 $7.004.20 -30.00%70.00%ROSCOMMON FOREST MGT UNIT$7.00$10.00 $7.00 $7.001 $7.004.20 -30.00%70.00%AUSABLE STATE FOREST$7.00$10.00 $7.00 $7.001 $7.004.20 -30.00%70.00%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $7.00 $15.003 -4.25%89.36%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

BLACK CHERRY

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$6.89$8.86 $3.80 $25.003 $15.69680.30 77.08%77.80%TRAVERSE CITY FOREST MGT UNIT$6.89$8.86 $3.80 $25.003 $15.69680.30 77.08%77.80%PERE MARQUETTE STATE FOREST$6.89$8.86 $3.80 $25.003 $15.69680.30 77.08%77.80%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $3.80 $25.003 77.08%77.80%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 22 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)BLACK SPRUCE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$30.40$38.51 $18.50 $40.002 $33.95449.50 -11.85%78.92%GWINN FOREST MGT UNIT$22.80$31.12 $20.00 $26.002 $23.36325.00 -24.93%73.27%ESCANABA FOREST MGT UNIT$27.21$35.41 $18.50 $40.004 $29.51774.50 -16.67%76.84%ESCANABA RIVER STATE FOREST$33.60$39.74 $35.66 $60.025 $43.481,355.00 9.40%84.56%SHINGLETON FOREST MGT UNIT$29.60$51.04 $35.00 $35.001 $35.00590.00 -31.43%57.99%NEWBERRY FOREST MGT UNIT$9.00$10.72 $40.11 $40.111 $40.11260.00 274.16%83.96%S STE MARIE FMU (NAUBINWAY)

$29.63$39.34 $35.00 $60.027 $40.812,205.00 3.74%75.32%LAKE SUPERIOR STATE FOREST - - - - - - - - - - - - $18.50 $60.0211 -1.17%75.68%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $18.50 $60.0211 -1.17%75.68%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

HEMLOCK

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$5.20$7.50 $8.25 $8.251 $8.2598.00 10.00%69.33%S STE MARIE FMU (NAUBINWAY)$5.20$7.50 $8.25 $8.251 $8.2598.00 10.00%69.33%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $8.25 $8.251 10.00%69.33%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $8.25 $8.251 10.00%69.33%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 23 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)JACK PINE # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$40.00$56.05 $66.03 $66.031 $66.034,050.00 17.81%71.36%BARAGA FOREST MGT UNIT$29.05$48.41 $62.50 $62.501 $62.502,024.00 29.11%60.01%CRYSTAL FALLS FOREST MGT UNIT$40.90$54.24 $30.00 $68.138 $56.858,606.40 4.80%75.41%GWINN FOREST MGT UNIT$40.90$54.24 $30.00 $68.138 $56.858,606.40 4.80%75.41%ESCANABA RIVER STATE FOREST$46.52$58.99 $45.30 $65.106 $62.613,613.00 6.14%78.87%SHINGLETON FOREST MGT UNIT$41.92$57.70 $47.11 $64.2017 $60.7220,361.00 5.22%72.65%NEWBERRY FOREST MGT UNIT$45.36$52.99 $50.88 $63.254 $60.071,652.00 13.36%85.60%S STE MARIE FMU (NAUBINWAY)$42.79$57.58 $45.30 $65.1027 $60.9425,626.00 5.84%74.31%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $30.00 $68.1337 7.83%73.63%UPPER PENINSULA - - - - - - - - - - - -$16.78$25.09 $15.80 $33.374 $28.952,193.00 15.37%66.85%GAYLORD FMU OFFICE$19.74$24.08 $20.00 $37.002 $24.45149.00 1.53%81.97%PIGEON RIVER FOREST MGT UNIT$21.23$26.18 $17.15 $39.003 $31.882,283.00 21.78%81.09%ATLANTA FOREST MGT UNIT$19.07$25.60 $15.80 $39.009 $30.254,625.00 18.19%74.49%MACKINAW STATE FOREST$16.44$20.52 $12.40 $37.0621 $20.4513,346.00 -0.33%80.09%TRAVERSE CITY FOREST MGT UNIT$17.47$19.51 $11.45 $41.1921 $23.647,025.80 21.19%89.54%CADILLAC FOREST MGT UNIT$16.79$20.17 $11.45 $41.1942 $21.5520,371.80 6.85%83.24%PERE MARQUETTE STATE FOREST$14.62$25.09 $7.00 $75.0216 $25.5211,169.10 1.71%58.26%ROSCOMMON FOREST MGT UNIT$19.19$23.72 $12.15 $50.0017 $31.7214,784.00 33.69%80.90%GRAYLING FOREST MGT UNIT$20.09$25.49 $19.90 $32.546 $26.363,371.00 3.42%78.79%GLADWIN FOREST MGT UNIT$17.55$24.45 $7.00 $75.0239 $28.7429,324.10 17.56%71.80%AUSABLE STATE FOREST$17.40$22.94 $7.00 $75.0290 $26.1754,320.90 14.09%75.83%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $7.00 $75.02127 10.05%74.41%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 24 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)MIXED ASPEN

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$12.80$30.52 $15.80 $15.801 $15.80123.00 -48.23%41.94%CRYSTAL FALLS FOREST MGT UNIT$18.19$22.98 $10.00 $29.0014 $23.614,965.00 2.78%79.19%GWINN FOREST MGT UNIT$22.90$34.65 $22.90 $22.901 $22.90132.00 -33.91%66.09%ESCANABA FOREST MGT UNIT$18.32$23.28 $10.00 $29.0015 $23.595,097.00 1.36%78.68%ESCANABA RIVER STATE FOREST$20.64$25.76 $15.00 $30.557 $25.101,378.00 -2.58%80.10%SHINGLETON FOREST MGT UNIT$13.69$16.55 $15.65 $25.1010 $19.263,325.00 16.36%82.67%NEWBERRY FOREST MGT UNIT$15.80$18.37 $14.00 $36.108 $25.556,536.00 39.05%86.02%S STE MARIE FMU (NAUBINWAY)$11.05$13.85 $10.20 $21.5614 $16.1811,030.90 16.77%79.78%S STE MARIE FMU (SOO MAINLAND)$7.01$13.97 $7.10 $12.006 $9.2212,590.00 -34.01%50.16%S STE MARIE FMU (DRUMMOND IS)

$11.11$15.47 $7.10 $36.1045 $16.0734,859.90 3.86%71.83%LAKE SUPERIOR STATE FOREST - - - - - - - - - - - - $7.10 $36.1061 3.11%72.89%UPPER PENINSULA - - - - - - - - - - - -

$16.62$23.30 $16.00 $33.3710 $24.595,915.00 5.56%71.36%GAYLORD FMU OFFICE$20.00$26.24 $20.00 $20.001 $20.00135.00 -23.78%76.22%PIGEON RIVER FOREST MGT UNIT$16.62$17.54 $14.00 $23.102 $18.80294.00 7.17%94.74%ATLANTA FOREST MGT UNIT$16.69$23.09 $14.00 $33.3713 $24.236,344.00 4.91%72.30%MACKINAW STATE FOREST$13.65$18.44 $7.00 $35.0010 $23.892,886.00 29.60%74.05%TRAVERSE CITY FOREST MGT UNIT$18.95$19.86 $14.40 $30.0014 $21.337,043.20 7.38%95.40%CADILLAC FOREST MGT UNIT$17.41$19.45 $7.00 $35.0024 $22.079,929.20 13.50%89.52%PERE MARQUETTE STATE FOREST$15.00$25.15 $33.64 $33.641 $33.641,749.70 33.76%59.64%ROSCOMMON FOREST MGT UNIT$13.73$17.64 $20.00 $40.002 $24.75198.00 40.30%77.83%GRAYLING FOREST MGT UNIT$23.46$27.03 $18.80 $31.1811 $24.273,231.00 -10.22%86.79%GLADWIN FOREST MGT UNIT$20.23$26.04 $18.80 $40.0014 $27.455,178.70 5.44%77.70%AUSABLE STATE FOREST$17.88$22.12 $7.00 $40.0051 $24.0121,451.90 8.56%80.84%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $7.00 $40.00112 5.39%76.21%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 25 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)MIXED HARDWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$5.26$10.29 $5.45 $15.0019 $8.0512,047.90 -21.78%51.17%BARAGA FOREST MGT UNIT$12.15$15.51 $10.70 $30.0025 $18.149,826.00 16.94%78.33%CRYSTAL FALLS FOREST MGT UNIT$13.12$17.70 $10.00 $66.7831 $16.9313,268.90 -4.37%74.10%GWINN FOREST MGT UNIT$19.55$24.50 $17.00 $31.0018 $23.903,892.40 -2.46%79.80%ESCANABA FOREST MGT UNIT$14.58$19.24 $10.00 $66.7849 $18.5117,161.30 -3.82%75.75%ESCANABA RIVER STATE FOREST$11.83$14.98 $6.75 $27.2611 $17.527,774.00 16.93%78.95%SHINGLETON FOREST MGT UNIT$8.06$12.31 $6.90 $13.007 $8.983,852.00 -27.06%65.44%NEWBERRY FOREST MGT UNIT

$10.47$13.95 $11.10 $23.7015 $15.3113,595.00 9.70%75.00%S STE MARIE FMU (NAUBINWAY)$6.14$10.31 $5.00 $21.5614 $11.413,816.70 10.68%59.52%S STE MARIE FMU (SOO MAINLAND)$6.12$10.23 $5.00 $12.008 $9.772,775.60 -4.50%59.85%S STE MARIE FMU (DRUMMOND IS)$9.61$13.24 $5.00 $27.2655 $14.1331,813.30 6.70%72.55%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $5.00 $66.78148 1.40%71.86%UPPER PENINSULA - - - - - - - - - - - -$5.29$12.91 $4.00 $56.1215 $14.309,715.00 10.76%40.97%GAYLORD FMU OFFICE$9.34$13.16 $15.00 $15.001 $15.0083.00 13.98%70.97%PIGEON RIVER FOREST MGT UNIT$7.68$10.94 $8.10 $24.074 $14.552,520.00 33.08%70.20%ATLANTA FOREST MGT UNIT$5.81$12.51 $4.00 $56.1220 $14.3612,318.00 14.77%46.41%MACKINAW STATE FOREST$8.75$13.49 $6.00 $15.906 $10.191,886.40 -24.50%64.84%TRAVERSE CITY FOREST MGT UNIT

$13.20$16.80 $12.60 $16.002 $13.2068.00 -21.43%78.57%CADILLAC FOREST MGT UNIT$8.90$13.61 $6.00 $16.008 $10.291,954.40 -24.36%65.43%PERE MARQUETTE STATE FOREST$8.61$21.57 $8.00 $30.002 $12.2194.00 -43.38%39.93%ROSCOMMON FOREST MGT UNIT$6.64$12.88 $9.20 $15.002 $9.53668.00 -26.00%51.58%GRAYLING FOREST MGT UNIT

$20.08$24.06 $19.00 $21.652 $20.22185.00 -15.97%83.47%GLADWIN FOREST MGT UNIT$9.46$15.93 $8.00 $30.006 $11.88947.00 -25.38%59.42%AUSABLE STATE FOREST$6.43$12.86 $4.00 $56.1234 $13.6815,219.40 6.36%49.99%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $4.00 $66.78182 2.20%68.36%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 26 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)MIXED OAK

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$4.72$7.95 $13.60 $33.373 $24.381,258.00 206.83%59.42%GAYLORD FMU OFFICE$2.15$3.73 $8.00 $8.001 $8.00265.00 114.48%57.64%ATLANTA FOREST MGT UNIT$4.27$7.21 $8.00 $33.374 $21.531,523.00 198.52%59.26%MACKINAW STATE FOREST$8.75$11.48 $5.10 $10.802 $8.82720.00 -23.18%76.22%TRAVERSE CITY FOREST MGT UNIT

$10.35$13.73 $9.00 $77.0012 $17.252,111.40 25.57%75.37%CADILLAC FOREST MGT UNIT$9.94$13.16 $5.10 $77.0014 $15.102,831.40 14.75%75.56%PERE MARQUETTE STATE FOREST

$11.43$16.54 $8.50 $23.129 $13.915,762.00 -15.87%69.13%ROSCOMMON FOREST MGT UNIT$10.30$15.61 $7.20 $40.3515 $15.167,352.00 -2.84%65.99%GRAYLING FOREST MGT UNIT$12.59$15.93 $10.40 $59.507 $20.072,692.00 25.94%79.02%GLADWIN FOREST MGT UNIT$11.10$16.00 $7.20 $59.5031 $15.5415,806.00 -2.87%69.38%AUSABLE STATE FOREST$10.42$14.94 $5.10 $77.0049 $15.9320,160.40 6.66%69.78%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $5.10 $77.0049 6.66%69.78%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

MIXED PINE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$5.50$8.16 $5.50 $5.501 $5.50156.00 -32.60%67.40%GRAYLING FOREST MGT UNIT$5.50$8.16 $5.50 $5.501 $5.50156.00 -32.60%67.40%AUSABLE STATE FOREST$5.50$8.16 $5.50 $5.501 $5.50156.00 -32.60%67.40%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $5.50 $5.501 -32.60%67.40%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 27 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)MIXED SOFTWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$8.17$19.07 $11.50 $15.006 $13.103,152.10 -31.31%42.81%BARAGA FOREST MGT UNIT$21.16$27.13 $17.10 $42.0017 $29.625,121.00 9.18%78.02%CRYSTAL FALLS FOREST MGT UNIT$18.94$25.36 $10.00 $30.0012 $24.531,320.00 -3.25%74.71%GWINN FOREST MGT UNIT$22.44$27.59 $20.00 $32.005 $27.84708.00 0.91%81.35%ESCANABA FOREST MGT UNIT$20.17$26.14 $10.00 $32.0017 $25.692,028.00 -1.72%77.15%ESCANABA RIVER STATE FOREST$13.15$14.59 $38.45 $38.451 $38.45467.00 163.54%90.13%NEWBERRY FOREST MGT UNIT$11.26$14.27 $17.55 $32.366 $26.571,999.00 86.22%78.92%S STE MARIE FMU (NAUBINWAY)$10.06$13.00 $15.00 $21.567 $19.585,581.10 50.59%77.35%S STE MARIE FMU (SOO MAINLAND)$10.74$13.00 $10.66 $14.553 $13.501,342.90 3.88%82.60%S STE MARIE FMU (DRUMMOND IS)$10.56$13.35 $10.66 $38.4517 $21.149,390.00 58.33%79.13%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $10.00 $42.0057 17.52%72.66%UPPER PENINSULA - - - - - - - - - - - -$12.30$17.57 $24.82 $24.821 $24.82382.00 41.26%70.01%GAYLORD FMU OFFICE$12.30$17.57 $24.82 $24.821 $24.82382.00 41.26%70.01%MACKINAW STATE FOREST$6.00$10.00 $6.00 $6.001 $6.00130.00 -40.00%60.00%CADILLAC FOREST MGT UNIT$6.00$10.00 $6.00 $6.001 $6.00130.00 -40.00%60.00%PERE MARQUETTE STATE FOREST

$10.70$15.65 $6.00 $24.822 $20.04512.00 28.08%68.38%NORTHERN LOWER PENINSULA - - - - - - - - - - - - $6.00 $42.0059 17.74%72.57%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

N. WHITE CEDAR

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$25.00$14.78 $50.00 $50.001 $50.00213.00 238.29%169.15%ESCANABA FOREST MGT UNIT$25.00$14.78 $50.00 $50.001 $50.00213.00 238.29%169.15%ESCANABA RIVER STATE FOREST$11.27$14.88 $17.55 $36.605 $28.391,719.00 90.77%75.75%S STE MARIE FMU (NAUBINWAY)$17.64$17.92 $20.00 $20.502 $20.282,444.00 13.17%98.41%S STE MARIE FMU (DRUMMOND IS)$15.01$16.67 $17.55 $36.607 $23.634,163.00 41.79%90.06%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $17.55 $50.008 50.32%93.49%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $17.55 $50.008 50.32%93.49%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 28 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)OTHER COMM. SP.

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$5.00$10.00 $12.00 $12.001 $12.0020.00 20.00%50.00%GWINN FOREST MGT UNIT$5.00$10.00 $12.00 $12.001 $12.0020.00 20.00%50.00%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $12.00 $12.001 20.00%50.00%UPPER PENINSULA - - - - - - - - - - - -$5.00$5.26 $19.71 $19.711 $19.7176.90 274.72%95.06%CADILLAC FOREST MGT UNIT$5.00$5.26 $19.71 $19.711 $19.7176.90 274.72%95.06%PERE MARQUETTE STATE FOREST$5.00$5.26 $19.71 $19.711 $19.7176.90 274.72%95.06%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $12.00 $19.712 190.44%80.15%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

PAPER BIRCH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$4.85$13.16 $8.00 $10.002 $8.601,976.40 -34.62%36.82%BARAGA FOREST MGT UNIT$18.24$26.89 $17.10 $61.1811 $33.912,647.00 26.12%67.84%CRYSTAL FALLS FOREST MGT UNIT$16.69$19.05 $10.00 $23.308 $17.662,156.70 -7.30%87.57%GWINN FOREST MGT UNIT$23.09$30.73 $19.50 $50.0013 $26.191,387.30 -14.79%75.14%ESCANABA FOREST MGT UNIT$19.19$23.63 $10.00 $50.0021 $21.003,544.00 -11.11%81.24%ESCANABA RIVER STATE FOREST$6.15$9.90 $10.20 $10.201 $10.20691.00 3.03%62.12%SHINGLETON FOREST MGT UNIT$6.95$9.79 $6.95 $6.951 $6.95373.00 -29.01%70.99%NEWBERRY FOREST MGT UNIT$7.97$9.88 $7.60 $23.709 $13.743,416.00 39.02%80.67%S STE MARIE FMU (NAUBINWAY)$3.56$5.23 $4.11 $21.568 $9.503,765.70 81.84%68.15%S STE MARIE FMU (SOO MAINLAND)$3.35$4.95 $6.00 $6.001 $6.0041.50 21.21%67.68%S STE MARIE FMU (DRUMMOND IS)$5.75$7.74 $4.11 $23.7020 $11.178,287.20 44.39%74.26%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $4.11 $61.1854 11.73%70.81%UPPER PENINSULA - - - - - - - - - - - -$7.50$10.31 $15.00 $15.001 $15.00105.00 45.49%72.74%PIGEON RIVER FOREST MGT UNIT$7.50$10.31 $15.00 $15.001 $15.00105.00 45.49%72.74%MACKINAW STATE FOREST$8.00$12.83 $25.00 $25.001 $25.0031.90 94.85%62.35%CADILLAC FOREST MGT UNIT$8.00$12.83 $25.00 $25.001 $25.0031.90 94.85%62.35%PERE MARQUETTE STATE FOREST$7.62$10.90 $15.00 $25.002 $17.33136.90 59.03%69.89%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $4.11 $61.1856 12.02%70.80%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 29 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)Q. ASPEN # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$12.24$26.12 $12.30 $30.1810 $18.095,720.20 -30.75%46.86%BARAGA FOREST MGT UNIT$22.24$28.64 $17.00 $41.1031 $31.5721,662.00 10.23%77.67%CRYSTAL FALLS FOREST MGT UNIT$24.73$28.32 $20.00 $43.3121 $30.698,321.90 8.35%87.31%GWINN FOREST MGT UNIT$24.37$32.64 $20.00 $38.5525 $28.025,493.10 -14.17%74.66%ESCANABA FOREST MGT UNIT$24.59$30.04 $20.00 $43.3146 $29.6313,815.00 -1.38%81.85%ESCANABA RIVER STATE FOREST$15.40$18.76 $13.15 $24.782 $18.34336.00 -2.23%82.11%SHINGLETON FOREST MGT UNIT$11.70$14.97 $24.80 $24.801 $24.80165.00 65.66%78.16%NEWBERRY FOREST MGT UNIT$8.80$10.38 $16.04 $16.041 $16.0469.00 54.53%84.78%S STE MARIE FMU (NAUBINWAY)

$13.53$16.65 $13.15 $24.804 $19.93570.00 19.73%81.28%LAKE SUPERIOR STATE FOREST - - - - - - - - - - - - $12.30 $43.3191 1.15%75.29%UPPER PENINSULA - - - - - - - - - - - -

$16.34$18.97 $17.00 $20.004 $18.32667.00 -3.41%86.16%PIGEON RIVER FOREST MGT UNIT$16.34$18.97 $17.00 $20.004 $18.32667.00 -3.41%86.16%MACKINAW STATE FOREST$13.65$16.35 $28.00 $32.002 $31.51780.00 92.71%83.48%TRAVERSE CITY FOREST MGT UNIT$22.12$25.77 $21.20 $50.006 $31.491,308.00 22.21%85.84%CADILLAC FOREST MGT UNIT$18.96$22.25 $21.20 $50.008 $31.502,088.00 41.56%85.19%PERE MARQUETTE STATE FOREST$13.39$19.47 $11.80 $35.009 $23.293,993.20 19.59%68.74%ROSCOMMON FOREST MGT UNIT$13.37$19.07 $12.70 $13.602 $13.371,662.00 -29.92%70.08%GRAYLING FOREST MGT UNIT$14.50$19.37 $14.50 $14.501 $14.50424.00 -25.14%74.86%GLADWIN FOREST MGT UNIT$13.46$19.36 $11.80 $35.0012 $19.966,079.20 3.13%69.53%AUSABLE STATE FOREST$14.98$20.01 $11.80 $50.0024 $22.568,834.20 12.76%74.84%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $11.80 $50.00115 2.64%75.23%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 30 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)RED MAPLE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$8.05$13.14 $24.00 $24.001 $24.00288.00 82.65%61.26%CRYSTAL FALLS FOREST MGT UNIT$13.56$18.38 $15.00 $18.002 $16.87415.00 -8.24%73.80%GWINN FOREST MGT UNIT$22.40$22.27 $21.10 $31.007 $24.091,797.00 8.15%100.56%ESCANABA FOREST MGT UNIT$20.74$21.54 $15.00 $31.009 $22.732,212.00 5.53%96.28%ESCANABA RIVER STATE FOREST$8.51$11.46 $10.00 $12.102 $10.71624.00 -6.55%74.20%NEWBERRY FOREST MGT UNIT$8.51$11.46 $10.00 $12.102 $10.71624.00 -6.55%74.20%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $10.00 $31.0012 9.04%91.32%UPPER PENINSULA - - - - - - - - - - - -$16.20$19.29 $16.20 $16.201 $16.2055.00 -16.02%83.98%GAYLORD FMU OFFICE$12.57$15.62 $12.00 $20.005 $14.76436.00 -5.48%80.47%PIGEON RIVER FOREST MGT UNIT$12.98$16.03 $12.00 $20.006 $14.92491.00 -6.90%80.94%MACKINAW STATE FOREST$11.50$15.63 $7.75 $29.0016 $19.483,006.00 24.61%73.57%TRAVERSE CITY FOREST MGT UNIT$11.39$15.30 $7.00 $40.0039 $17.008,128.30 11.18%74.46%CADILLAC FOREST MGT UNIT$11.42$15.39 $7.00 $40.0055 $17.6711,134.30 14.86%74.22%PERE MARQUETTE STATE FOREST$11.51$15.89 $10.60 $28.008 $13.051,567.90 -17.84%72.42%ROSCOMMON FOREST MGT UNIT$10.17$15.73 $8.10 $60.4016 $18.063,199.00 14.77%64.65%GRAYLING FOREST MGT UNIT$13.49$15.88 $11.50 $35.009 $14.632,611.00 -7.85%84.94%GLADWIN FOREST MGT UNIT$11.63$15.82 $8.10 $60.4033 $15.787,377.90 -0.23%73.52%AUSABLE STATE FOREST$11.54$15.57 $7.00 $60.4094 $16.8719,003.20 8.33%74.12%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $7.00 $60.40106 8.45%76.96%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 31 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)RED OAK # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$15.00$30.00 $18.00 $18.001 $18.00187.00 -40.00%50.00%ESCANABA FOREST MGT UNIT$15.00$30.00 $18.00 $18.001 $18.00187.00 -40.00%50.00%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $18.00 $18.001 -40.00%50.00%UPPER PENINSULA - - - - - - - - - - - -$3.45$5.85 $10.00 $10.001 $10.00350.00 70.94%58.97%ATLANTA FOREST MGT UNIT$3.45$5.85 $10.00 $10.001 $10.00350.00 70.94%58.97%MACKINAW STATE FOREST$6.20$10.06 $5.65 $14.505 $10.351,605.00 2.85%61.62%TRAVERSE CITY FOREST MGT UNIT$7.92$8.96 $7.40 $18.007 $11.101,487.80 23.92%88.42%CADILLAC FOREST MGT UNIT$7.03$9.53 $5.65 $18.0012 $10.713,092.80 12.38%73.74%PERE MARQUETTE STATE FOREST

$10.74$15.11 $10.75 $14.312 $10.89236.00 -27.96%71.11%ROSCOMMON FOREST MGT UNIT$11.35$15.28 $11.30 $23.583 $17.351,623.00 13.52%74.27%GRAYLING FOREST MGT UNIT$11.27$15.26 $10.75 $23.585 $16.531,859.00 8.30%73.88%AUSABLE STATE FOREST$8.28$11.30 $5.65 $23.5818 $12.705,301.80 12.45%73.30%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $5.65 $23.5819 7.96%71.31%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 32 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)RED PINE # OF BID ITEMS TOTAL VOLUME AVG. PRICE

(1)AVG. HIGH BID

(4)MIN PRICE MAX PRICE% CHANGE

(5)PRICE USED %

(3)$33.87$56.34 $35.00 $62.502 $58.74914.00 4.25%60.11%CRYSTAL FALLS FOREST MGT UNIT$19.40$23.64 $50.00 $50.001 $50.00321.60 111.51%82.06%GWINN FOREST MGT UNIT$31.90$48.22 $38.00 $50.004 $42.37258.30 -12.13%66.15%ESCANABA FOREST MGT UNIT$24.97$34.59 $38.00 $50.005 $46.60579.90 34.73%72.18%ESCANABA RIVER STATE FOREST$50.89$58.54 $48.96 $61.012 $57.95232.00 -1.02%86.93%SHINGLETON FOREST MGT UNIT$42.60$51.31 $66.00 $66.001 $66.001,411.00 28.63%83.02%NEWBERRY FOREST MGT UNIT$46.21$53.70 $48.70 $67.106 $64.692,981.00 20.46%86.04%S STE MARIE FMU (NAUBINWAY)$50.12$51.44 $55.11 $57.362 $55.751,901.70 8.38%97.44%S STE MARIE FMU (SOO MAINLAND)$46.74$52.70 $48.70 $67.1011 $62.136,525.70 17.89%88.69%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $35.00 $67.1018 17.02%84.35%UPPER PENINSULA - - - - - - - - - - - -$45.04$53.70 $26.00 $61.9212 $53.845,869.00 0.26%83.88%GAYLORD FMU OFFICE$38.16$50.16 $30.00 $64.084 $53.02937.00 5.70%76.07%PIGEON RIVER FOREST MGT UNIT$38.17$50.13 $20.00 $44.115 $38.341,482.00 -23.52%76.14%ATLANTA FOREST MGT UNIT$43.03$52.66 $20.00 $64.0821 $50.978,288.00 -3.20%81.72%MACKINAW STATE FOREST$40.52$56.77 $25.00 $69.0119 $58.557,061.00 3.14%71.39%TRAVERSE CITY FOREST MGT UNIT$44.34$56.67 $19.91 $70.0025 $52.267,011.50 -7.79%78.25%CADILLAC FOREST MGT UNIT$42.43$56.72 $19.91 $70.0044 $55.4114,072.50 -2.30%74.80%PERE MARQUETTE STATE FOREST$24.77$40.76 $25.75 $43.929 $31.361,676.70 -23.06%60.77%ROSCOMMON FOREST MGT UNIT$32.51$42.85 $27.70 $76.399 $56.511,777.10 31.88%75.88%GRAYLING FOREST MGT UNIT$36.10$43.21 $25.00 $57.887 $51.452,464.70 19.07%83.56%GLADWIN FOREST MGT UNIT$31.82$42.41 $25.00 $76.3925 $47.285,918.50 11.48%75.02%AUSABLE STATE FOREST$40.38$52.53 $19.91 $76.3990 $52.4128,279.00 -0.24%76.87%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $19.91 $76.39108 3.53%78.51%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 33 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)SUGAR MAPLE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$14.52$17.11 $15.00 $16.052 $15.52192.00 -9.30%84.86%GWINN FOREST MGT UNIT$17.00$20.02 $17.00 $28.332 $22.07400.00 10.25%84.92%ESCANABA FOREST MGT UNIT$16.20$19.07 $15.00 $28.334 $19.95592.00 4.56%84.90%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $15.00 $28.334 4.56%84.90%UPPER PENINSULA - - - - - - - - - - - -$5.00$7.56 $10.00 $10.002 $10.00644.00 32.28%66.14%PIGEON RIVER FOREST MGT UNIT$5.00$7.56 $10.00 $10.002 $10.00644.00 32.28%66.14%MACKINAW STATE FOREST

$10.72$13.52 $4.50 $15.402 $10.72128.10 -20.71%79.29%TRAVERSE CITY FOREST MGT UNIT$5.94$8.74 $5.25 $30.007 $6.581,173.80 -24.69%67.99%CADILLAC FOREST MGT UNIT$6.41$9.21 $4.50 $30.009 $6.991,301.90 -24.11%69.62%PERE MARQUETTE STATE FOREST

$10.05$14.34 $10.05 $10.051 $10.059.00 -29.92%70.08%ROSCOMMON FOREST MGT UNIT$4.75$6.85 $6.00 $18.003 $14.35762.00 109.44%69.28%GRAYLING FOREST MGT UNIT$4.81$6.94 $6.00 $18.004 $14.30771.00 106.07%69.30%AUSABLE STATE FOREST$5.62$8.17 $4.50 $30.0015 $9.782,716.90 19.62%68.78%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $4.50 $30.0019 14.54%74.22%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

TAMARACK

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$18.10$21.27 $30.00 $30.001 $30.00124.00 41.04%85.10%GWINN FOREST MGT UNIT$24.00$27.27 $26.60 $26.601 $26.60372.00 -2.46%88.01%ESCANABA FOREST MGT UNIT$22.52$25.77 $26.60 $30.002 $27.45496.00 6.52%87.41%ESCANABA RIVER STATE FOREST$7.70$9.61 $7.71 $7.711 $7.71324.00 -19.77%80.12%SHINGLETON FOREST MGT UNIT$7.00$11.10 $7.55 $7.551 $7.55692.00 -31.98%63.06%NEWBERRY FOREST MGT UNIT$7.22$10.62 $7.55 $7.712 $7.601,016.00 -28.46%67.98%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $7.55 $30.004 -9.50%78.51%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $7.55 $30.004 -9.50%78.51%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 34 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)WHITE ASH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$22.00$22.15 $22.10 $22.101 $22.1064.00 -0.23%99.32%ESCANABA FOREST MGT UNIT$22.00$22.15 $22.10 $22.101 $22.1064.00 -0.23%99.32%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $22.10 $22.101 -0.23%99.32%UPPER PENINSULA - - - - - - - - - - - -$7.00$8.81 $30.00 $30.001 $30.0010.60 240.51%79.45%CADILLAC FOREST MGT UNIT$7.00$8.81 $30.00 $30.001 $30.0010.60 240.51%79.45%PERE MARQUETTE STATE FOREST$7.00$8.81 $30.00 $30.001 $30.0010.60 240.51%79.45%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $22.10 $30.002 14.65%98.09%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

WHITE OAK

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$3.08$5.44 $3.05 $3.102 $3.08258.00 -43.32%56.68%TRAVERSE CITY FOREST MGT UNIT$15.85$18.44 $15.85 $15.851 $15.85159.80 -14.05%85.95%CADILLAC FOREST MGT UNIT$7.97$10.41 $3.05 $15.853 $7.97417.80 -23.49%76.51%PERE MARQUETTE STATE FOREST$7.58$10.79 $3.30 $64.802 $9.18115.00 -14.92%70.19%ROSCOMMON FOREST MGT UNIT$3.20$4.90 $10.89 $10.891 $10.89287.00 122.24%65.31%GRAYLING FOREST MGT UNIT$4.45$6.59 $3.30 $64.803 $10.40402.00 57.94%67.60%AUSABLE STATE FOREST$6.24$8.54 $3.05 $64.806 $9.16819.80 7.32%73.14%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $3.05 $64.806 7.32%73.14%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 35 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)WHITE PINE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$13.96$18.49 $20.00 $24.002 $20.71153.30 12.01%75.49%ESCANABA FOREST MGT UNIT$13.96$18.49 $20.00 $24.002 $20.71153.30 12.01%75.49%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $20.00 $24.002 12.01%75.49%UPPER PENINSULA - - - - - - - - - - - -$8.55$15.28 $20.00 $20.001 $20.0040.00 30.89%55.96%GAYLORD FMU OFFICE$9.45$13.12 $7.95 $15.003 $10.07350.00 -23.24%72.04%PIGEON RIVER FOREST MGT UNIT$9.36$13.34 $7.95 $20.004 $11.09390.00 -16.88%70.15%MACKINAW STATE FOREST$8.40$14.72 $8.40 $8.401 $8.4011.00 -42.93%57.07%TRAVERSE CITY FOREST MGT UNIT$7.33$10.19 $9.30 $25.009 $13.801,171.10 35.45%71.94%CADILLAC FOREST MGT UNIT$7.34$10.23 $8.40 $25.0010 $13.751,182.10 34.40%71.74%PERE MARQUETTE STATE FOREST$2.63$3.69 $2.60 $3.572 $3.11282.00 -15.84%71.17%ROSCOMMON FOREST MGT UNIT$2.63$3.69 $2.60 $3.572 $3.11282.00 -15.84%71.17%AUSABLE STATE FOREST$7.05$9.89 $2.60 $25.0016 $11.571,854.10 17.00%71.26%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $2.60 $25.0018 16.33%71.82%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

WHITE SPRUCE

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$11.70$14.45 $11.70 $11.701 $11.7069.60 -19.03%80.97%GWINN FOREST MGT UNIT$24.17$32.98 $20.00 $43.558 $36.121,023.10 9.52%73.28%ESCANABA FOREST MGT UNIT$23.37$31.80 $11.70 $43.559 $34.571,092.70 8.69%73.50%ESCANABA RIVER STATE FOREST$17.70$22.13 $38.48 $38.481 $38.48270.00 73.88%79.98%NEWBERRY FOREST MGT UNIT$9.66$11.84 $8.80 $42.404 $34.891,205.00 194.76%81.63%S STE MARIE FMU (NAUBINWAY)$9.74$12.65 $15.00 $19.332 $19.02525.00 50.35%76.97%S STE MARIE FMU (SOO MAINLAND)

$10.10$12.65 $19.50 $19.501 $19.50945.30 54.15%79.84%S STE MARIE FMU (DRUMMOND IS)$10.55$13.19 $8.80 $42.408 $27.452,945.30 108.17%80.03%LAKE SUPERIOR STATE FOREST

- - - - - - - - - - - - $8.80 $43.5517 61.20%76.95%UPPER PENINSULA - - - - - - - - - - - -$14.45$19.00 $45.00 $45.001 $45.00147.00 136.84%76.05%CADILLAC FOREST MGT UNIT$14.45$19.00 $45.00 $45.001 $45.00147.00 136.84%76.05%PERE MARQUETTE STATE FOREST$14.45$19.00 $45.00 $45.001 $45.00147.00 136.84%76.05%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $8.80 $45.0018 63.96%76.91%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 36 of 41

PULPWOOD (Cords, see footnote 6)AVG. PRICE USED

(2)YELLOW BIRCH

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$18.00$17.83 $18.10 $18.101 $18.1028.00 1.51%100.95%ESCANABA FOREST MGT UNIT$18.00$17.83 $18.10 $18.101 $18.1028.00 1.51%100.95%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $18.10 $18.101 1.51%100.95%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $18.10 $18.101 1.51%100.95%STATEWIDE - - - - - - - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 37 of 41

PULPWOOD EXCLUSION (Cords, see footnote 6)MISCELLANEOUS

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$206.45$0.005 964.00ROSCOMMON FOREST MGT UNIT$206.45$0.005 964.00AUSABLE STATE FOREST$206.45$0.005 964.00NORTHERN LOWER PENINSULA$206.45$0.005STATEWIDE - - - - - -

MIXED HARDWOOD

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$83.47$0.001 235.00ESCANABA FOREST MGT UNIT$83.47$0.001 235.00ESCANABA RIVER STATE FOREST$83.47$0.001UPPER PENINSULA - - - - - -$83.47$0.001STATEWIDE - - - - - -

MIXED OAK

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$147.01$0.002 255.00GRAYLING FOREST MGT UNIT$92.71$0.001 521.00GLADWIN FOREST MGT UNIT

$147.01$0.003 776.00AUSABLE STATE FOREST$147.01$0.003 776.00NORTHERN LOWER PENINSULA$147.01$0.003STATEWIDE - - - - - -

MIXED SOFTWOOD

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$353.95$0.001 93.00CADILLAC FOREST MGT UNIT$353.95$0.001 93.00PERE MARQUETTE STATE FOREST$353.95$0.001 93.00NORTHERN LOWER PENINSULA$353.95$0.001STATEWIDE - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 38 of 41

PULPWOOD EXCLUSION (Cords, see footnote 6)PAPER BIRCH

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$470.00$0.002 93.00ESCANABA FOREST MGT UNIT$470.00$0.002 93.00ESCANABA RIVER STATE FOREST$470.00$0.002UPPER PENINSULA - - - - - -$103.00$0.001 204.00TRAVERSE CITY FOREST MGT UNIT$103.00$0.001 204.00PERE MARQUETTE STATE FOREST$103.00$0.001 204.00NORTHERN LOWER PENINSULA$470.00$0.003STATEWIDE - - - - - -

Q. ASPEN # OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$262.04$0.001 54.00GRAYLING FOREST MGT UNIT$262.04$0.001 54.00AUSABLE STATE FOREST$262.04$0.001 54.00NORTHERN LOWER PENINSULA$262.04$0.001STATEWIDE - - - - - -

RED MAPLE

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$320.62$0.003 671.30CADILLAC FOREST MGT UNIT$320.62$0.003 671.30PERE MARQUETTE STATE FOREST$320.62$0.003 671.30NORTHERN LOWER PENINSULA$320.62$0.003STATEWIDE - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 39 of 41

PULPWOOD EXCLUSION (Cords, see footnote 6)RED PINE # OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$100.00$0.001 93.00NEWBERRY FOREST MGT UNIT$100.00$0.001 93.00LAKE SUPERIOR STATE FOREST$100.00$0.001UPPER PENINSULA - - - - - -$98.25$0.001 99.00GAYLORD FMU OFFICE$98.25$0.001 99.00MACKINAW STATE FOREST

$149.48$0.001 84.70CADILLAC FOREST MGT UNIT$149.48$0.001 84.70PERE MARQUETTE STATE FOREST$149.48$0.002 183.70NORTHERN LOWER PENINSULA$149.48$0.003STATEWIDE - - - - - -

WHITE PINE

# OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$115.49$0.001 74.00ESCANABA FOREST MGT UNIT$115.49$0.001 74.00ESCANABA RIVER STATE FOREST$115.49$0.001UPPER PENINSULA - - - - - -$115.49$0.001STATEWIDE - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 40 of 41

BOLTS (MBF, see footnote 6)AVG. PRICE USED

(2)BASSWOOD

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$50.00$73.14 $50.00 $50.001 $50.0060 -31.64%68.36%GAYLORD FMU OFFICE$50.00$73.14 $50.00 $50.001 $50.0060 -31.64%68.36%MACKINAW STATE FOREST$50.00$73.14 $50.00 $50.001 $50.0060 -31.64%68.36%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $50.00 $50.001 -31.64%68.36%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

N. WHITE CEDAR

# OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$60.00$60.00 $75.00 $75.001 $75.0054 25.00%100.00%ESCANABA FOREST MGT UNIT$60.00$60.00 $75.00 $75.001 $75.0054 25.00%100.00%ESCANABA RIVER STATE FOREST

- - - - - - - - - - - - $75.00 $75.001 25.00%100.00%UPPER PENINSULA - - - - - - - - - - - - - - - - - - - - - - - - $75.00 $75.001 25.00%100.00%STATEWIDE - - - - - - - - - - - -

AVG. PRICE USED (2)

RED PINE # OF BID ITEMS TOTAL VOLUME AVG. PRICE (1)

AVG. HIGH BID (4)

MIN PRICE MAX PRICE% CHANGE (5)

PRICE USED % (3)

$96.00$104.00 $105.00 $105.001 $105.0048 0.96%92.31%GAYLORD FMU OFFICE$96.00$104.00 $105.00 $105.001 $105.0048 0.96%92.31%MACKINAW STATE FOREST$96.00$104.00 $105.00 $105.001 $105.0048 0.96%92.31%NORTHERN LOWER PENINSULA

- - - - - - - - - - - - $105.00 $105.001 0.96%92.31%STATEWIDE - - - - - - - - - - - -

BOLTS EXCLUSION (MBF, see footnote 6)RED PINE # OF BID ITEMS TOTAL VOLUME MAX PRICEMIN PRICE

$201.21$0.001 93GAYLORD FMU OFFICE$201.21$0.001 93MACKINAW STATE FOREST$201.21$0.001 93NORTHERN LOWER PENINSULA$201.21$0.001STATEWIDE - - - - - -

Michigan Department of Natural ResourcesForest, Mineral, and Fire Management

Timber Sale Management System

AVERAGE STUMPAGE PRICE REPORT

Date: 03/12/2003

to 12/31/200201/01/2002

Page 41 of 41

1. Average Price is the one-year average of bid prices at the time of appraisal.2. Price Used is the minimum acceptable advertised bid price.3. Price Used % is the ratio of Price Used to Average Price.4. Price Bid is the average price bid for the period.5. % Change is the ratio of the difference between Price Bid and Average Price to the Average Price.6. In general, the Baraga Forest Management Unit (FMU) uses the Scribner Decimal C log rule with a 7.6” top diameter inside bark (DIB). In general, the Crystal Falls FMU uses the International ¼” log rule with a 9.6” top DIB. In general, the rest of the Upper Peninsula (UP) uses the Scribner Decimal C log rule with a 9.6” top DIB. In general, the Northern Lower Peninsula (NLP) uses the International ¼” log rule with a 7.6” top DIB.

All prices are weighted by volume.Prices and volumes are only reported for bid species and products. “No-bid” species and products are not included. “No-bid” species and products are those that are included on the bid form and the contract, but the price is set with no opportunity to bid. This is used for species and products that are minor components of the sale.Prices and volumes are only reported for advertised sales. Unadvertised sales, e.g. direct sales, negotiated sales, small receipt sales, firewood permits, etc., are not included.This report is based on the contract issue date, which is often the same as the bid date, but not always.Volumes and values are only totaled when comparable units exist. For example, there is no Statewide totals, except for # OF BID ITEMS, because cruising specifications and log rules are different between Region I - Upper Peninsula and Region II - Northern Lower Peninsula.