Sale and Disposal of National Forest System Timber; Appraisal Procedures for Determining Fair Market Value

This technical amendment clarifies the appraisal procedures for determining fair market value when appraising timber on National Forest System lands for timber sale contracts. Currently, Forest Service regulations at 36 CFR 223.60 indicate an analytical or residual value appraisal procedure as the primary method for determining the fair market value of timber sold on national forests. This technical amendment removes the residual value appraisal procedure as the primary method for determining fair market value. The intended effect of this change is to clarify that the Chief of the Forest Service has the flexibility to select appropriate appraisal methods for determining fair market value of timber to be sold.