

Money Yield Per Acre * 

 (Standing timber at $8 per thousand feet) 



Age (Years) 



30 



35 



40 



45 



50 .. 



$100.0 



195.0 



262.4 



324.8| 



372.01 



There are a large number of old white pine plantation 

 in the State of Massachusetts. These have been accuratell 

 measured and compared with yield tables of natural growl 

 pine in the same forest region. Our own Conservation Coi 

 mission in New York State bases its table of profits deriv< 

 from reforestation on the Massachusetts measurements. Bot 

 of these State departments are conservative in their figures 

 but they find, after figuring the accrued taxes on the land, ai 

 compound interest on the entire cost, that a white pine plant! 

 tion is a 6 or 7 per cent, investment at present stumpage rat< 

 Any increase in stumpage values (and these are bound 

 increase materially as time goes on owing to the prese^ 

 scarcity of timber) will mean a corresponding increase in tl 

 returns. The forest builder of the present day can safe] 

 assume that he is investing for a 12 per cent, return rathj 

 than a 6 per cent, return. The two authorities above quote 

 are in substantial agreement on the figures listed below. 



White Pine Plantation 



Age, 50 years. Area, 1 acre. Soil, quality 3 (poor). 

 Record of taxes, cost, interest, profits and net returns. 



How It Is Done 



STUDENTS OF THE NEW YORK STATE COI.I.KC.I: <>K FORESTRY SKTTINT. 

 YOUNG TREES ON MT. OLYMITS. <)NK <>K TIN-: COLLEGE 

 EXPERIMENT STATIONS 



