210 NEBllASId STATE HORTICULTURAL SOCIETY. 



RECEIPTS FROM THE TWENTY ACRES. 

 The actual material sold and receipts from the same are as follows: 



31,397 third-class posts, at 5e $1,569 85 



17,349 second-class posts, at 10c 1,734 90 



4,286 first-class posts, at 12%c 533 50 



270 first-class posts, at 15c 40 50 



211 8-ft. posts, at 20c 42 20 



9 10-f t. posts, at 25c 2 25 



4 10-ft. posts, at 30c , 1 20 



258 10-ft. posts, at 35c 90 30 



41 12-ft. posts, at 40c 16 40 



167 14 and 16-ft. poles, at 50c 83 50 



Total for posts and poles $4,114 60 



214 Gords of wood, at $5.25 1,123 50 



Total income from twenty acres $5,238 10 



The total of $5,238.10, as the proceeds from twenty acres, is equal to 

 $261.90 per acre. If from this the cost of $109.83 per acre for growing 

 and marketing the crop is deducted, we have $152.17 as the net proceeds 

 per acre. Allowing 5 per cent compound interest for deferred payment, 

 the $152.17 cs the net income at the end of sixteen and one-third years 

 is equivalent to an annual net income of $6.24 per acre. In other words, 

 if the land had been rented, it would have had to bring an annual cash 

 rent of $6.24 per acre for this period to equal the income derived from 

 the plantation. Anyone acquainted with the conditions that have pre- 

 vailed in eastern Nebraska, and the reverses farming has suffered for 

 the period included in the life of this plantation, knows that this would 

 be a splendid shov/ing for any sort of crop. It should be remembered 

 that one-third of this grove was on poor land, and because of the 

 impoverished condition of the soil, the trees were only just reaching 

 post size Vv-hen they were cut. This portion of the plantation would have 

 been much more profitable had it been allowed to stand a fev/ years 

 longer. 



Based upon careful measurements made in this plantation by the 

 United States Forest Service a year or so before it was harvested, it is 

 estimated that had the thirteen acres on virgin proirie soil been har- 

 vested and marketed alone, the net annual returns for this portion would 

 have been $9.00 per acre, after allowing 5 per cent compound interest 

 for deferred payment. 



The old stumps have sent up a vigorous growth of sprouts the past 

 summier, and the owner expects to harvest a second crop in ten years. 

 During the summer the sprouts were thinned out to the one, or in a few 

 cases to the two, most promising sprouts at each stump. These have 

 made a growth of from four to nine feet the past summer. 



The cordwood sold readily at home, and is giving splendid satisfac- 



