A timber cruise is a statistical inventory of the trees on a tract — the single most important document in valuing timberland. Here is how to read one.
Volume by product class
Cruises report volume in tons or cords, broken out by product: pulpwood, chip-n-saw, and sawtimber. Sawtimber is worth several times pulpwood, so the product mix matters more than the raw total.
Basal area and stocking
Basal area tells you how fully stocked a stand is. Too low and the land is under-producing; too high and it is overdue for a thinning.