COMMERCIAL FORESTRY 



PROFITS FROM WOODLAND UNDER 



PRESENT CONDITIONS IN 



MASSACHUSETTS 



Term of years, forty. Taxes and valuation, 

 figured at 4 per cent, compound interest. Aver- 

 age price of woodland, free of growth, estimated 

 at $6 per acre. As the trees grow, an addition 

 of $5 per acre every ten years is allowed, as 

 follows : 



First ten years, ....... $6 00 



Second ten years ....... 1 1 00 



Third ten years ....... 16 00 



Fourth ten years, ...... 21 00 



The average tax rate throughout the State is 

 $ 1 7 per thousand. 



Second growth white pine, chestnut and sprout 

 hardwood growth are those we are most familiar 

 with. 



(i) SPROUT HARDWOOD GROWTH 

 In sprout hardwood growth it is generally con- 

 sidered that a cord per year can be obtained 

 in average conditions on an acre. Therefore, forty 

 years equals forty cords; stumpage value, $50 

 to $80, depending on locality and proximity to 

 market. 



INVESTMENT AT END OF FORTY YEARS 



Compound interest of valuation, $6, for forty years, $22 81 



Taxes, with interest : 



First ten years, . . . . $3 97 



Second ten years ..... 4 48 



Third ten years ..... 4 83 



Fourth ten years, .... 4 29 



- 17 5 ? 



Total cost, ...... $40 38 



Profit, $10 to $40 in forty years per acre, or 

 25 cents to $1 an acre per year. 



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