FOREST PLANTING IN THE LAKE STATES 
71 
Table 12. — Norway and northern white pine stumpage values per M board feet, 
60 years 
TO EARN 3 PER CENT 
Cost of 
planting 
plus land 
value 
per acre 
Site quality 1 
Stumpage values per M, classified according 
to annual taxes in cents per acre plus 5 cents 
fire protection 
15 cents 
20 cents 
30 cents 
45 cents 
75 cents 
$5.50 
Good . .. 
$2.74 
3.66 
5.49 
3.04 
4.05 
6.08 
3.33 
4.44 
6.66 
3.63 
4.84 
7.25 
4.07 
5.42 
8.14 
4.66 
6.21 
9.32 
5.54 
7.39 
11.08 
7.01 
9.35 
14.03 
8.49 
11.32 
$3.15 
4.20 
6.30 
3.45 
4.59 
6.89 
3.74 
4.99 
7.48 
4.04 
5.38 
8.07 
4.48 
5.97 
8.95 
5.07 
6.75 
10.13 
5.95 
7.93 
11.90 
7.42 
9.90 
14.85 
8.90 
11.86 
$3.97 
5.29 
7.93 
4.26 
5.68 
8.52 
4.56 
6.07 
9.11 
4.85 
6.47 
9.70 
5.29 
7.06 
10.58 
5.88 
7.84 
11.76 
6.76 
9.02 
13.53 
8.24 
10.98 
$5.19 
6.92 
10.38 
5.48 
7.31 
$7.63 
Medium .. . 
10.18 
15.27 
6.50 
Good 
7.93 
Medium 
10.57 
10.97 
15.86 
7.50 
Good 
5. 78 8- 0.1 
Medium. ... _. ... .. . ... ... 
7.70 
11.56 
6.07 
8.10 
12.15 
6.51 
10.97 
Poor . 
16.45 
8.52 
11.36 
8.50 
Good 
Medium 
Poor 
Good 
Medium 
Poor 
Good 
Medium 
Poor 
Good 
Medium . ... 
10.00 
17.04 
8.96 
11.95 
12.00 
13.03 
7.10 
9.47 
14.21 
7.99 
10.65 
17.92 
9.55 
12.73 
15.00 
19.10 
10.43 
13.91 
15.97 
9.46 
12.61 
20 87 
20.00 
Good 
11.91 
Medium. ... . 
15.87 
Poor .......... 
16.47 
9.71 
12.95 
18.92 
10. 93 
14.58 
23.81 
25.00 
Good 
13 38 
Medium 
Poor 
17.84 
16.97 
17.79 
19.42 
21.87 
26.76 
i Good sites should yield 20,000 board feet to the acre, medium sites, 15,000, and poor sites 10,000 in 60 years. 
If $15 a thousand hoard feet is conservatively estimated as the probable maximum 
stumpage value for Norway and northern white pine saw timber at 60 years, the figures 
less than $15 (those above the heavy line) indicate that it will earn 3 per cent compound 
interest except where taxes exceed 70 cents, and where the combined cost of planting and 
land value is over $25 ; and 4 per cent only where taxes do not exceed 40 cents an acre, 
where the combined cost of planting and land value is not over $15, and where the site 
is good. 
