Colin might chime in here Christine. I doubt if there was any need to take 2 or more exposures for merging when they are that close together. It's possible to get that much variation from a single raw file even more at the dark end. Adjusting the contribution from each image will be fun too.
What I tend to do is make sure I get a realistic shot of the sky and it's clouds especially the clouds. Bracketing can be used for that. I would go for perfect clouds in the jpg preview with no clipping at all. I am not sure what you are after but very quickly did this.
I took your middle exposure and used curves to bring up the dark area as much as I could without spoiling the sky.Mid tone to highlights left as is.I Then used a brightening brush on the highlights in the trees to the left set to mid tones. Next the same on the trees to the right plus the beach except mid tone darkening this time.
Decided that the trees in the distance needed a bit more definition so did that with mild tone mapping which also emphasised the gradation in the clouds to what I feel is an acceptable level and last a very weak unsharp mask to define the trees a little more. The tone mapping could be skipped and more brightening brush used I suspect but it also part gets round the effects of mist.
If you haven't got anything to clone out the fence install the GIMP but don't use it until you are happy with all other aspects of the image. On the other hand if working from a jpg the curves adjustment could be done there.
The problem with this landscape shot is that our eyes adjust as we look around at individual areas in the scene with our central vision..The eye has a huge dynamic range. You could adjust this image to mimic that I suspect.
You could handle the curves part from raw. Raw conversion software usually has it. It's normally preset to a straight line from black bottom left to white top right. In this case you would add a point in the middle of the line, usually by clicking it and then drag the bottom left up and down till you get what you want. Best way to find out how to use it is to play with it but frankly your camera is easily capable of producing a jpg that could be processed more than the above one needs especially at the dark end. Best find out what your camera can do as per this recent thread but frankly I wouldn't try and compensate for raw if you use the histogram for exposures. Some latitude at that end is a good idea.
What do you meter off of when the scene is not evenly lit in landscape?
As to merging this might amuse you. From one raw file and had specular highlights. When the difference is this great that is the time to merge shots. Bracketing for that would 3 + stops. Most cameras will capture 12 stops that can be bought out with PP.
http://www.flickr.com/photos/4899461...7631399852866/
I could add more water detail to the final image but the duck was back lit after all. I like realism too.
PS
I often put any old junk on flickr. I suspect I will remove lots of them at some point.
John
-