Forest County Forestry - Fall 2016 Timber Sale Summary

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1 Forest County Forestry - Fall 2016 Timber Sale Summary Tract Acres Sale Name Advertised value Successful Bidder Sold $ per acre % Over Inverted $72, $80, $ % Management Brad Mihalko Pot Top $57, $60, $1, % Trucking Lone Wolf $35, Biewer Sawmill $44, $1, % Old Faithful $113, Northern Real Estate Holdings $117, $ % Total 367 $278, $302, $ Pulpwood Summary Tract Acres Sale Name MX BA A F SW PR Total / Acre Inverted Pot Top 100 1, , Lone Wolf Old Faithful 1, , Total 367 1, , , Sawlog Summary () Tract Acres Sale Name MH BA MX Total Inverted Pot Top Lone Wolf Old Faithful Total /Acre Average Bid Price - Pulpwood Tract Acres Sale Name Mx BA A F SW PR Inverted $41.25 $14.09 $35.53 $ Pot Top $41.74 $39.44 $23.15 $34.23 $ Lone Wolf $19.28 $ Old Faithful $42.61 $15.00 $40.54 $19.00 Wt. Average (All Bids) $42.11 $14.49 $39.67 $22.25 $34.23 Tract Acres Sale Name Inverted Pot Top Lone Wolf Old Faithful Wt. Average (All Bids) Average Bid Price Sawlogs MH $ $ $ $ BA $ $ MX $ $ $ $ $ $266.99

2 FOREST COUNTY TIMBER SALE RECORD INVERTED TIMBER SALE TRACT 1-16 DER # 1 DER # 2 DER # 3 Brad Mihalko Trucking Whitetail Logging, LLC Connor Timber Management DER # 4 DER # 5 Mx Hardwood Pulp & Bolts 650 $40.00 $26, $37.10 $24, $39.00 $25, $48.91 $31, Basswood Pulp and Bolts 270 $12.00 $3, $8.00 $2, $15.00 $4, $21.37 $5, Aspen Pulp and Bolts 5 $40.00 $ $37.10 $ $30.00 $ $35.00 $ Balsam Fir 1 $25.00 $25.00 $15.00 $15.00 $30.00 $30.00 $20.00 $20.00 Sugar Maple Sawlogs 50.0 $ $24, $ $23, $ $23, $ $22, Basswood Sawlogs 55.0 $ $11, $ $14, $ $17, $ $12, Mixed Hardwood Sawlogs 35.0 $ $9, $ $9, $ $8, $ $7, VALUE $74, $74, $79, $80, Performance Bond (15%) $11, $11, $11, $12, DER # 6 DER # 7 DER # 8 DER # 9 DER # 10 Mx Hardwood Pulp & Bolts 650 Basswood Pulp and Bolts 270 Aspen Pulp and Bolts 5 Balsam Fir 1 Sugar Maple Sawlogs 50.0 Basswood Sawlogs 55.0 Mixed Hardwood Sawlogs 35.0 VALUE Performance Bond (15%)

3 FOREST COUNTY TIMBER SALE RECORD POT TOP TIMBER SALE TRACT 2-16 DER # 1 DER # 2 DER # 3 DER # 4 Brad Mihalko Trucking Aspen Pulp & Bolts 1,150 $38.88 $44, $40.00 $46, Mx Hardwood Pulp & Bolts 100 $43.48 $4, $40.00 $4, Red Pine 50 $68.00 $3, $40.00 $2, Balsam Fir 100 $19.80 $1, $26.50 $2, White Spruce 65 $28.46 $1, $40.00 $2, Sugar Maple Sawlogs 3.75 $ $ $ $1, Basswood Sawlogs 2.05 $ $ $ $ Mixed Hardwood Sawlogs 3.40 $ $ $ $ DER # 5 VALUE $58, $60, Performance Bond (15%) $8, $9, DER # 6 DER # 7 DER # 8 DER # 9 DER # 10 Aspen Pulp & Bolts 1,150 Mx Hardwood Pulp & Bolts 100 Red Pine 50 Balsam Fir 100 White Spruce 65 Sugar Maple Sawlogs 3.75 Basswood Sawlogs 2.05 Mixed Hardwood Sawlogs 3.40 VALUE Performance Bond (15%)

4 FOREST COUNTY TIMBER SALE RECORD LONE WOLF TIMBER SALE TRACT 3-16 DER # 1 Potlatch Land & Lumber, LLC DER # 2 DER # 3 Northern Real Estate Holdings, LLC Whitetail Logging, LLC DER # 4 Biewer Wisconsin Sawmill, Inc DER # 5 Ken Mihalko & Sons Logging, Inc Red Pine 550 $79.55 $43, $68.00 $37, $73.00 $40, $80.97 $44, $66.09 $36, Balsam Fir 1 $35.00 $35.00 $10.00 $10.00 $26.00 $26.00 $11.00 $11.00 $18.70 $18.70 VALUE $43, $37, $40, $44, $36, Performance Bond (15%) $6, $5, $6, $6, $5, DER # 6 DER # 7 DER # 8 DER # 9 DER # 10 Red Pine 550 $80.00 $44, Balsam Fir 1 $15.00 $15.00 VALUE $44, Performance Bond (15%) $6,602.25

5 FOREST COUNTY TIMBER SALE RECORD OLD FAITHFUL TIMBER SALE TRACT 4-16 DER # 1 DER # 2 DER # 3 DER # 4 Northern Real Estate Whitetail Logging, LLC Holdings, LLC DER # 5 Mx Hardwood Pulp & Bolts 1,200 $42.85 $51, $43.48 $52, $41.50 $49, Basswood Pulp and Bolts 210 $20.00 $4, $15.00 $3, $10.00 $2, Aspen Pulp and Bolts 525 $41.25 $21, $38.88 $20, $41.50 $21, Balsam Fir 20 $15.00 $ $20.00 $ $22.00 $ Sugar Maple Sawlogs 24.0 $ $10, $ $9, $ $11, Basswood Sawlogs 31.0 $ $6, $ $8, $ $8, Mixed Hardwood Sawlogs 76.0 $ $22, $ $19, $ $20, VALUE $117, $113, $113, Performance Bond (15%) $17, $17, $17, DER # 6 DER # 7 DER # 8 DER # 9 DER # 10 Mx Hardwood Pulp & Bolts 1,200 Basswood Pulp and Bolts 210 Aspen Pulp and Bolts 525 Balsam Fir 20 Sugar Maple Sawlogs 24.0 Basswood Sawlogs 31.0 Mixed Hardwood Sawlogs 76.0 VALUE Performance Bond (15%)

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