COIMTEMTS 



FOREWORD iv 



INTRODUCTION 1 



MANAGEMENT POSSIBILITIES 2 



Yield Capacity of White Pine Land 2 



, Species Capabilities 2 



Existing Stands 2 



White Pine Stands 4 



Merchantable Stands 4 



Nonmerchantable Stands 5 



CONSIDERATIONS IN RANKING TIMBER 



GROWING OPPORTUNITIES 8 



All Management Measures Planned Should Be 



Included in the Evaluation 8 



Cost Must Be Considered Discriminately, and in 



Relation to the Approach to Management 8 



Value Yield Estimates Must Be Consistent 9 



Time Period Estimates Must Be Consistent 11 



RANKING STANDS FOR TREATMENT 14 



Ranking Stands for Replacement 14 



Ranking Stand Improvement Projects 16 



APPENDIX: INVESTMENT ANALYSIS PROGRAM 



NO. 6 (WITH ILLUSTRATIONS) 24 



iii 



