Section 3: Forest Revenue

Question 1

What is stumpage?

Answer 1

The fee that licensees are required to pay the government when they harvest Crown timber

Question 2

Appraisal data submissions (ADS) must be signed by …

Answer 2

a RPF or RFT

Question 3

the ADS contains the field data that is used to determine what?

Answer 3

the stumpage rate or for BCTS the upset used in auction

Question 4

the market pricing system (MPS) in its simplest form can be represented as the following equation…

Answer 4

stumpage = estimated winning bid - tenure obligation

Question 5

Estimated winning bid (EWB) is what?

Answer 5

the value of the timber on the stump (determined through an equation)

Question 6

Tenure Obligation Adjustments (TOAs) ..what dis?

Answer 6

represent the value of the services provided to the government by the licensee (timber cruising, rd development, reforestation and engineering)

Question 7

Examples of misc stumpage rates:

Answer 7

-specific species (deciduous/western yew), –special forest products (wood chips/xmas trees), low grade logs
-salvage