1322 A NATIONAL PLAN FOR AMERICAN FORESTRY 



TABLE 6. Possible gross income from forestry on public forests by regions 



1 Taken from species figures (mostly 1928-29 values) given in section, "Status and Opportunities of 

 Private Forestry" (table 4), with a deduction of 25 percent under intensive management to allow for profits 

 in logging and milling. In determining the possible realization values, interest and risks on the investment 

 were not included in the costs. In the case of New England, Middle Atlantic, and South Rocky Mountain 

 regions the absence of local logging and milling studies necessitated setting up figures based on results under 

 similar conditions elsewhere. The timber under extensive management is more remote and costs more to 

 get out than that under intensive management. The sale value is therefore computed at only 50 percent of 

 the realization values in logging and milling studies on more accessible areas. This allowance also covers 

 profits to private operators. Returns usually will come from saw timber alone. 



2 A usual attribute of intensive forestry is utilization of intermediate returns from thinnings and returns 

 from salvage of timber killed by insects, fire, etc., together with tops of trees cut for saw timber. These 

 items are estimated at one half cord per acre with 50 percent stumpage, except in the South Rocky Moun- 

 tain region where they are estimated at one eighth cord per acre, and in the North Rocky Mountain region 

 at one fourth cord per acre. 



The program of timber growing set up by this report is only suffi- 

 cient to provide for permanent national timber requirements. The 

 enlarged national forests will provide only about 35 percent and the 

 State forests 15 percent of these requirements. There is great doubt 

 whether the 50 percent left to private forest management will be real- 

 ized. Under these conditions it is a reasonable assumption that within 

 the period of 20 to 40 years, forests still having growing stock coming 

 into production, may have a ready market for all higher grade forest 

 products and that the estimated returns will be realized. Gross in- 

 comes from extensive and intensive timber management are likely to 

 be reasonably comparable whether under private or public manage- 

 ment, except that the private lands, being generally the more access- 

 ible and of higher quality, will give somewhat higher returns when 

 equally well managed, furthermore, since public stumpage is sold 

 to private operators, the returns average less than the private operator 

 can obtain through careful cutting operations carried on by himself. 

 Returns other than from timber may vary more with ownership, and 

 are discussed under each type of ownership. 



In dealing with privately owned lands where harvesting and manu- 

 facture of raw material is normally done by the owners it can be as- 

 sumed that they receive full realization value. The returns per acre 

 from intensive and extensive private forestry as estimated in table 7 

 are based on full realization values without deduction for operating 

 profits allowed in national forest stumpage prices. 



