﻿30 



BULLETIN 13, U. S. DEPARTMENT OP AGRICULTURE. 



areas which are nonagricultural because of broken topography and 

 high altitude, or a poor, stony, or sandy soil. A distance from 

 market of 10 or 15 miles, with good level or down-grade roads, is not 

 prohibitive, provided the soil is good enough to produce quality I 

 yields. The ideal situation is one close to a good market where the 

 soil is deep, fertile, and well-drained, but too steep and broken to 

 have a high value. Land suitable for raising white pine can ordi- 

 narily be obtained in New England for from $3 to $7 per acre. In 

 computing the costs of raising white pine given in this bulletin a land 

 value of $5 per acre is assumed as average. The interest on the 

 initial value of $5 per acre, computed for different periods, is shown 

 in Table 12. 



Initial Cost of Formation 



Often, as on abandoned pastures adjoining farm woodlots, the 

 young stand becomes established without entailing any cost. More 

 often, however, rapid growing hardwood sprouts or seedlings handi- 

 cap the pine, and their removal involves some expense. Sometimes, 

 too, it is necessary to sow or plant the whole or part of the area. 

 The costs of these operations are discussed elsewhere in this bulletin. 

 In considering their influence upon the whole investment it is suffi- 

 cient to deal simply with the total expense of formation without 

 regard to the way in which it was incurred. Table 12 shows by 

 decades the amounts to which formation costs of $3, $6, $9, $12, and 

 $15 accumulate when at 4 and 6 per cent interest. In Tables 14 to 

 17 results where no cost of formation is incurred are also given. 



Table 12.- 



-Costs of raising white-pine stands (not including taxes) at compound interest, 

 by decades. 



Interest 

 rate. 



Age. 



Cost of formation, carried to end of rotation. 



Interest 

 on land 

 value of 

 $5 per 

 acre. 



Protec- 

 tion and 

 adminis- 

 tration at 



5 cents 

 per acre. 



$3. 



$6. 



$9. 



$12. 



$15. 



4 per cent. 

 6 per cent. 



Years. 



[ 20 

 30 

 40 

 50 

 60 

 70 

 20 

 30 

 40 

 50 

 60 

 70 



$6.57 

 9.73 

 14.40 

 21.32 

 31.56 

 46.79 

 9.62 

 17.23 

 30.86 

 55.26 

 98.97 

 177. 23 



$13. 14 



19.46 



28.81 



42.64 



63.12 



93.43 



19.24 



34.46 



61.72 



110. 52 



197.93 



354. 46 



$19. 72 



29.19 



43.21 



63.96 



94.68 



140. 14 



28.86 



51.69 



92. 57 



165. 78 



296. 90 



531.70 



$26. 29 



38.92 



57.61 



85.28 



126. 24 



186. 86 



38.48 



68.92 



123. 43 



221.04 



395. 86 



708. 92 



$32. 87 



48.65 



72.02 



106. 60 



157. 79 



233. 57 



48.11 



86.15 



154. 29 



276. 30 



494. 82 



886. 16 



$5.96 

 11.22 

 19.00 

 30.53 

 47.60 

 72.86 

 11.04 

 23.72 

 46.43 

 87.10 

 159. 94 

 290. 39 



$1.49 



2.81 



4.75 



7.64 



11.90 



18.21 



1.84 



3.95 



7.74 



14.52 



26.66 



48.40 



