﻿CONTENTS 
  

  

  THE 
  WHITE 
  PINE 
  AREA 
  iii 
  

  

  FOREWORD 
  vi 
  

  

  INTRODUCTION 
  1 
  

  

  DETERMINING 
  PRACTICAL 
  SPECIES 
  ALTERNATIVES 
  2 
  

  

  Site 
  Suitability 
  2 
  

  

  Factors 
  of 
  Risk 
  4 
  

  

  ESTIMATING 
  COSTS 
  OF 
  STAND 
  ESTABLISHMENT 
  6 
  

  

  Variable 
  Costs 
  6 
  

  

  Costs 
  and 
  Management 
  Alternatives 
  6 
  

  

  ESTIMATING 
  COMPARATIVE 
  YIELDS 
  AND 
  VALUES 
  9 
  

  

  Yields 
  9 
  

  

  Values 
  9 
  

  

  MAKING 
  ECONOMIC 
  EVALUATIONS 
  11 
  

  

  MECHANICS 
  OF 
  AN 
  EVALUATION 
  - 
  AN 
  EXAMPLE 
  12 
  

  

  Preliminary 
  Selection 
  of 
  Species 
  12 
  

  

  Preliminary 
  Estimates 
  13 
  

  

  Evaluation 
  Summary 
  and 
  Computer 
  Analysis 
  14 
  

  

  SUMMARY 
  20 
  

  

  APPENDIX 
  A: 
  WHITE 
  PINE 
  LAND 
  AREA 
  SUMMARIES 
  

   FOR 
  NATIONAL 
  FOREST 
  LAND 
  IN 
  THE 
  

  

  NORTHERN 
  REGION 
  21 
  

  

  APPENDIX 
  B: 
  INVESTMENT 
  ANALYSIS 
  PROGRAMS 
  27 
  

  

  v 
  

  

  