72 
BULLETIN 14 9 7, t T . S. DEPARTMENT OF AGRICULTURE 
Table 12. — Nonvaij and northern white pine stumpage values per M -feet, 
60 years — Continued 
TO EARN 4 PER CENT 
Cost of 
planting 
plus land 
Site quality 
Stumpage values 
to annual taxes 
fire protection 
per M, classified according 
in cents per acre plus 5 cents 
value 
per acre 
15 cents 
20 cents 
30 cents 
45 cents 
75 cents 
$5.50 
Good 
Medium 
Poor 
Good 
Medium . 
Poor 
Good 
Medium 
$4.58 
6.10 
9.16 
5.10 
6.81 
10.21 
5.63 
7.51 
11.26 
6.16 
8.21 
12.31 
6.94 
9.26 
13.89 
8.00 
10.66 
$5.17 
6.90 
10.35 
5.70 
7.60 
11.40 
6.22 
8.30 
12.45 
6.75 
9.00 
13.50 
7.54 
10.05 
$6.36 
8.48 
12.73 
6.89 
9.18 
13.78 
7.41 
9.89 
14.83 
7.94 
$8.15 
10.86 
$11. 72 
15.62 
6.50 
16.30 
8.67 
11.56 
23.44 
12.24 
16.32 
7.50 
17.35 
9.20 
24.49 
12.77 
12.27 
17.03 
25.54 
13.30 
8.50 
Poor .„. 
Good 
18.40 
9.73 
Medium 
10. 59 12. 97 * 
Poor ... 
15.88 
8.73 
11.64 
19.45 
10.51 
14.02 
26.59 
10.00 
Good 
14.08 
Medium 
18.78 
Poor .. . - - . . . 
15.08 
8.59 
11.46 
17.46 
28.17 
12.00 
Good 
9.78 
13.04 
11.57 
15.14 
Medium . 
15.42 
23.13 
13.14 
20.18 
Poor 
15.99 
9.57 
12.77 
17.18 
10.17 
13.56 
19.56 
11.36 
30.27 
15.00 
Good 
16. 71 
Medium.. .. 
15.15 
22.72 
13.99 
17.53 
26.29 
15.77 
21.03 
31.55 
18.40 
24.54 
22.29 
19.15 
12.20 
20.34 
12.80 
33.43 
20.00 
Good 
19.34 
16.27 
24.41 
14.83 
17.07 
25.60 
15. 43 
20.57 
30.86 
18.65 
27.98 
16.62 
22.16 
25 79 
Poor . ----- 
38 69 
25.00 
Good 
21.97 
Medium . .. 
19.78 
29.67 
29.30 
Poor ... 
33.24 ! 
43.95 
If $15 a thousand board 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. 
