

CONTENTS 



Introduction 4 



Elements of Cost 5 



Land Value and Stocking 5 



Administration and Protection 5 



Taxes .- 6 



Rate of Interest 7 



The Yield 7 



Present Stumpage Prices 8 



White Pine 8 



Loblolly Pine 9 



Longleaf Pine 10 



Red Oak 12 



Yellow Poplar 13 



Douglas Fir 13 



Proportion of Different Elements in Total Cost 14 



Conclusions 15 



APPENDIX 



Cost Tables 17 



Land and Stocking 17 



Taxes fc 17 



n 18 



