﻿FOREST MANAGEMENT OF LOBLOLLY PINE. 



23 



Table 21. — Net profits per acre and corresponding compound interest rales from loblolly 

 pine, for different initial investments, rotations, and distances from, market. 



Quality III. 



-FOR TREES 7 INCHES AND OVER IN DIAMETER BREAST EIGH, CUT AND 

 HADED AS NORTH CAROLINA I'INE MM HER. 













Net profit :! and corresponding compound in 



terest rate « on 





Initial investment. 





total 



tutial investment at different distances from 



market 











Cost 2 of ad- 

 ministration 



or shi 



pping point. 





































Rota- 

 lion. 









and taxes at 

 6 per cent 



1 mile. 



4 miles. 



8 miles. 



16 miles. 











compound 

 interest. 





















Land. 



Forma- 

 tion. 1 



Total. 



Net 

 profit. 



Inter- 

 est 

 rate. 



Net 

 profit. 



Inter- 

 est 

 rate. 



Net 

 profit. 



Inter- 

 est 

 rate. 



Net 

 profit. 



Inter- 

 est 

 rate. 



Yearn. 













Per ct. 





Per ct. 





Per ct. 





Perct. 







1 SO 

 3 



$5 

 8 



1 



f $2.95 



2.35 



$2. 39 



1.97 



$1.74 



1.50 



$0.48 



0.46 





' $5 



1 5 



J 7 



10 

 12 



\ $2.21 



::::::: 



















I 

















20 





























10 



f 



3 



1 5 



10 

 13 

 15 



1 3.31 



f 1.85 



.85 



1.29 



.61 



.64 



.31 















1 





















l* 7 

 f ° 



17 

 5 



J 

 1 



1 



















f 17.78 



5.18 



15.65 



4.84 



12.94. 



4.35 



7.76 



3.17 





5 



3 



8 



| 4.74 



1 14.78 



3.56 



12.65. 



3.21 



9.94 



2.73 



4.76 



1.57 





1 5 



10 



1 12.78 



2.78 



10. 65 



2.45 



7.94 



1.97 



2.76 



.82 



30 





I 7 



12 



J 



I 10.78 



2.16 



8.65 



1.83 



5.94 



1.35 



.76 



.20 





f 



10 



1 



f 15.40 



3.16 



13.27 



2.86 



10.56 



2.43 



5.38 



1.44 





10 



3 



13 



| 7.12 



I 12.40 



2.26 



10.27 



1.96 



7.56 



1.54 



2.38 



.56 





1 5 



15 



1 10.40 



1.77 



8.27 



1.47 



5.56 



1.06 



.38 



.08 







I 7 

 f 



17 

 5 



J 

 1 



I 8.40 

 f 43.37 



1.35 

 5.84 



6.27 

 38.80 



1.05 

 5.58 



3.56 

 32.93 



.63 

 5.20 









21.66 



4.27 





5 



J 3 



8 



| 9.29 



J 40.37 



4.60 



35.80 



4.34 



29.93 



3.97 



18.66 



3.06 





1 5 



10 



1 38.37 



4.02 



33.80 



3.76 



27. 93 



3.39 



16.66 



2.48 



40 





I 7 



12 



J 



I 36.37 



3.55 



31.80 



3.29 



25.93 



2.92 



14.66 



2.02 





f o 



10 



1 



f 38. 73 



4.04 



34.16 



3.78 



28.29 



3.41 



17.02 



2.52 





10 



3 



13 



l 13. 93 



J 35.73 



3.36 



31.16 



3.10 



25.29 



2.74 



14.02 



1.85 





1 5 



15 



i 33.73 



2.99 



29.16 



2.74 



23.29 



2.37 



12.02 



1.48 







I 7 



17 



J 



I 31.73 



2.67 



27.16 



2.42 



21.29 



2.05 



10.02 



1.16 







( o 



5 



1 



f 80. 22 



5.83 



72.20 



5.63 



61.80 



5.32 



41.64 



4.57 





f 5 



' 3 



8 



I 17.42 



1 77.22 



4.84 



69.20 



4.64 



58.80 



4.34 



38.64 



3.59 





1 5 



10 



1 75.22 



4.38 



67.20 



4.17 



56. 80 



3.87 



36.64 



3.13 



50 





I 7 



12 



J 



I 73.22 



4.00 



65.20 



3.79 



54.80 



3.49 



34.64 



2.75 



| 



f 



10 



| 



f 71.51 



4.29 



63.49 



4.07 



53.09 



3.75 



32.93 



2.96 





I 10 



3 



13 



[ 26. 13 



J 68.51 



3.74 



60.49 



3.53 



50.09 



3.21 



29.93 



2.42 





1 5 



15 



1 66.51 



3.44 



58.49 



3.23 



48.09 



2.91 



27. 93 



. 2.12 







I 7 



17 



1 



I 64.51 



3.18 



56.49 



2.97 



46.09 



2.66 



25.93 



1.87 



1 Cost of establishing a loblolly pine stand, either by natural or artificial reproduction. 



2 Three cents per acre annually for administration (including Are protection), and 6 mills on the dollar 

 (full valuation) annually for taxes, which is above present average tax for the region. 



3 Stumpage value as given in Table 15, less original cost of formation and total cost of administration and 

 taxes. Where no net profit is shown, a loss is indicated. 



* Calculated by formula p=100 f j S+L—A ^ \ where f>=compound interest rate, «=number of 

 V\ L+F / 

 years or rotation, <S=stumpage value at n years, £=cost of land, -F=cost of formation, and J.=cost of 

 administration and taxes in n years at 6 per cent compound interest. 



