136 THE SCHOOL BOOK OF FORESTRY 



dred seedling pines which were growing in a 

 clump and set them out on the sidehill. Twenty 

 years later the farmer died. His widow sold the 

 three acres of young pine for $300. Fifteen years 

 later the woodlot again changed hands for a con- 

 sideration of $1,000, a lumber company buying it. 

 Today, this small body of pine woods contains 

 90,000 board feet of lumber worth at least $1,500 

 on the stump. The farmer who set out the trees 

 devoted about $35 worth of land and labor to the 

 miniature forest. Within a generation this ex- 

 penditure has grown into a valuable asset 

 which yielded a return of $34.09 a year on 

 the investment. 



A New York farmer who plays square with 

 his woodland realizes a continuous profit of $1 

 a day from a 115-acre timber tract. The annual 

 growth of this well-managed farm forest is .65 

 cords of wood per acre, equivalent to 75 cords 

 of wood mostly tulip poplar a year. The 

 farmer's profit amounts to $4.68 a cord, or a total 

 of $364.50 from the entire timber tract. Over 

 in New Hampshire, an associate sold a two-acre 

 stand of white pine this was before the inflated 

 war prices were in force for $2,000 on the 

 stump. The total cut of this farm forest 



