the followmg, however, which I believe will stand 
the test: Good land set in vigorous budded or 
grafted trees at the end of the flrst year is worth 
$100.00 per acre. Add $50.00 to this value at the 
end of each year of growth. With this as a basis, 
your land should therefore be worth — 
At the end of 5 years $300.00 per acre 
At the end of 10 years 550.00 per acre 
At the end of 15 years 800.00 per acre 
While varieties differ slightly as to the age at 
which they begin to bear, yet this may be safely 
put at from five to six years from the time trees 
are transplanted. By the tenth year, when the 
value as above is 9550.00. the net income per acre 
should be 8 per cent of this amount, or $U.OO. 
This is probably about as early as the trees would 
begin to pay a reasonable income on the value as 
figured above. By the fifteenth year the net 
Income should be $64.00 per acre, or 8 per cent 
on $800.00. The twentieth year should show mor** 
jthan a net income of $84.00 per acre on an 8 
per cent income on a valuation of $1,050.00 per 
acre according to the above estimate. By net 
income is meant what remains after deducting a 
reasonable amount for cultivating and fertilizing 
trees and for the gathering of the nuts. It has 
been Fhown that land set in pecans can be made 
to pay for its cultivation and fertilizing by the 
crops of cotton, peas, potatoes, vegetables, etc., that 
are grown between the trees. 
Now the above estimate is not by any means vis- 
ionary. While it has not been demonstrated with 
orchards on a large scale, yet it has been shown 
to be a very conservative estimate both by myself 
and by other growers of pecans. There are orchards 
of budded pe:*nn trees in this section that can not 
be bought on the above basis. Understand me that 
when I give these figures I emphasize the fact that 
the trees must be properly cared for. If you are 
going to set them out in a careless manner and 
leave them to the indifferent attention of hired 
help, to be run over and broken down by the stock, 
and to be smothered by weeds and grass, then this 
will not be borne out by results. This estimate is 
based on good land, good trees, and good attention 
