YOUNG GROWTH ON CUT-OVER LAND 911 



this tract, fire after logging followed by heavy sheep grazing is a bad 

 combination, if a second growth of timber is desired. Areas logged 

 by the sky-line system were entirely cleared and most of the larger 

 advance growth felled, which apparently created a very high fire hazard, 

 as they have been burned clean and fall in class three. Areas logged 

 by the high lead system appear to indicate a greater destruction of 

 advance growth and a greater fire hazard than by the former system 

 of ground yarding. In connection with the discussion of the effect of 

 burning it is fair to say that the entire area of one small but heavy fire 

 is covered with excellent reproduction of western yellow pine. Condi- 

 tions apparently were just right for reseeding after the fire. 



Consideration of the above information on the condition of this cut- 

 over tract leads to the conclusion that in figuring on the value of such 

 lands an owner is justified in considering that there is a difference in 

 value between non-restocked lands and lands with reproduction. Class 

 three lands may be considered as bare lands having a certain basic value 

 for the potential growing of timber or for grazing or other uses. It 

 may be described as a value inherent in the land. It is then evident 

 that land with young growth of timber must have this basic land value 

 plus the present value of the young growth. 



For example in this case, the class one lands comprising 16.7 per 

 cent of the tract have on over 70 per cent of their area a stand of 

 thrifty young growth averaging IG feet in height and around 20 years 

 of age. The present value of this young growth depends upon the final 

 return that may be secured when it is cut. Without attempting a cal- 

 culation of this expected return it is possible to say that thrifty young 

 growth of this character, that has covered about one-fourth of the 

 period before it may be reasonably be expected to be cut, has a con- 

 siderable value as it now stands. Considering the rate of growth of 

 reproduction in this locality, the progress that seems sure to come in 

 motor truck transportation and the ready market there will be in the 

 San Joaquin Valley for box and common lumber, it is beheved rea- 

 sonable to expect the cutting of young growth of this class by 80 years 

 of age. 



The lands in class two have very satisfactory reproduction on nearly 

 one-third of their area. This young growth averages 14 feet in height 

 and probably has an average age of around ten years, or possibly more, 

 as the time since cutting averages eleven years and much of it is advance 

 growth. The difference between the value of this land and that of 



