When people are looking to buy recreational property, information about the timber on a property can be the toughest thing for a buyer to understand.
Tag - Association of Consulting Foresters
Timber that has commercial value as determined by local standards and local buyers is referred to as merchantable timber (“merch”).
Timberland buyers need to protect themselves from seller-supplied information of this type. How does a timberland buyer go about doing this?
The seller of a timberland tract may be tempted to overstate the extent and value of his stumpage.