72 



A NATIONAL PLAN FOR AMERICAN FORESTRY 



That the proposed expenditures are largely for capital investment 

 in extending, improving, and making productive publicly owned 

 municipal, State, and national forests is shown by the following 

 tabulation of percentages of capital investment of gross charges : 



Percent 



First 5-year period 71 



Second 5-year period 68 



Third 5-year period 57 



Fourth 5-year period 44 



The proposed capital investments may be further segregated into 

 two categories, (1) land acquisition, (2) improvements such as 

 physical plant, roads and trails, and cultural operations including 

 such items as planting, stand betterment, insect and disease control, 

 etc., as shown in table 4: 



TABLE 4. Distribution of average annual capital investment in Federal, State, and 

 local forest land by 5-year periods 



NATIONAL FORESTS, EXISTING AND ENLARGEp 



STATE AND LOCAL FORESTS, EXISTING AND ENLARGED 



THE COST OF THE PRIVATE PROGRAM 



Because of the large number of private owners of forest land, an 

 estimate of the total cost of the private program would be meaning- 

 less. Furthermore, only meager data are available as a basis for such 

 an estimate. 



Costs will vary from the farm wood lot requiring only incidental 

 time from the owner and no cash outlay, to the areas under intensive 

 management. The latter may vary in different parts of the country 

 and under different conditions, from 35 cents- to $1.15 per acre 

 annually. 



In timber management, however, apparent costs may be actual 

 savings. In most cases satisfactory returns cannot be expected 

 without corresponding expenditures. 



HOW THE PROGRAMS COULD BE FINANCED 



An important factor in the consideration of how the program out- 

 lined could be financed is the possible income from managed forest 

 lands. 



