TeachMeFinance.com - explain Appraised stumpage price (or appraised rate)
Appraised stumpage price (or appraised rate) The term 'Appraised stumpage price (or appraised rate) ' as it applies to the area of agriculture can be defined as ' On national forests, the Forest Service estimate of the market price for timber to be cut and removed. It cannot be less than the base rates. The appraised price is the advertised minimum for competitive bidding by purchasers'.
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