Doug, you are right about the high grading, after a couple of select cuts have been done most wood lots are a maple haven with little or no oak, or cherry left.
The 1% cutting is complete B.S. no one in the real world would ever accept those as goals and as ridiculously low as they are they are still seldom met.
If the timber prices are low as they are now spend the time cutting low quality and pulp woods until the prices once again rise.