mation would enable the state to undertake development of 

 its public and private lands on a permanent basis. Of the 

 24,000,000 acres of forest land in Northern Minnesota, it is 

 probable that at least 9,000,000 acres would give a larger re- 

 turn in forest crops than in any other crops. This great for- 

 est area contains (now largely in private ownership) the 

 largest and finest white pine forest in the world. Norway 

 pine, spruce, birch, cedar and other species also furnish much 

 good timber. 



New York Makes An Investigation. 



The New York State College of Forestry has determined 

 from a large number of investigations, that a white pine plan- 

 tation on land worth $4.00 per acre, with cost of planting $7.00 

 per acre and money at 4 per cent will yield a net return of 

 $6.14 per annum if cut at the age of fifty years. The follow- 

 ing table shows the variation in net return at different ages: 



Age of plantation Gross 

 in years. returns 



25. $6 per M $ 40.50 



30. Stumpage value 75.00 



35. 195.00 



40. $8 per M 262.40 



45. Stumpage value 324.80 



50. $10 per M 465.00 



55. Stumpage value. ... 505.50 



60. $12 per M 532.00 



65. Stumpage value.... 566.00 



It Is A Long Time Investment. 



With the development of an effective state forest service 

 and the increasing value of forest products, scientific forestry 

 in Minnesota is destined to be as attractive an investment as 

 any other branch of agriculture. It is however a long time 

 investment and must be handled at first by those who can 

 wait fifty years to reap their returns. 



