74 
BULLETIN 14 9 7, U. S. DEPARTMENT OF AGRICULTURE 
Table 13. — Norway and northern white pine stumpage value* per 21 board feet, 
60 years — Continued 
TO EARX 6 PER CENT 
Cost of 
planting 
plus land 
value 
per acre 
Site quality 
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 
$12. 97 $14. 30 
$16. 97 
22.63 
33.94 
18.62 
24.82 
37.24 
20.27 
27.02 
40.54 
21.92 
29.22 
43.83 
24.39 
32. 52 
48.78 
27.69 
36.92 
55.38 
32.64 
43. 52. 
65.28 
40.89 
54.51 
81.77 
49.13 
65.51 
98.26 
$20. 97 
27.96 
41.95 
22.62 
30.16 
45.23 
24.27 
32.35 
48.53 
25.92 
34.55 
51.83 
28.39 
37.85 
56.78 
31.69 
42.25 
63.38 
36.64 
48.85 
73.27 
44.88 
59.85 
89.77 
53.13 
70.84 
106. 26 
$28.96 
6.50 
Medium 
Poor 
Good 
Medium 
Poor 
Good 
17.29 
25.94 
14.62 
19.07 
28.61 
15.95 
21.27 
31.91 
17.60 
23.47 
35.20 
19.25 
25. 67 
38.50 
21.73 
28.97 
43.45 
25.02 
33.37 
50.05 
29.97 
39.96 
59.95 
38.22 
50.96 
76.44 
46.47 
61.96 
92.93 
38.62 
57.93 
30.61 
7.50 
19.49 
29.24 
16.27 
21.69 
32.54 
17.92 
23.89 
35.84 
20.39 
27.19 
40.79 
23.69 
31.59 
47.38 
28.64 
38.19 
57.28 
36.89 
49.18 
73.77 
45.13 
60.18 
90.27 
40.82 
61.23 
32.26 
43 02 
Poor 
64.53 
8.50 
Good - - . 
33 91 
Medium 
Poor ------ 
45.22 
67.83 
10.00 
Good 
36.39 
48.52 
Poor 
72. 77 
12.00 
Good . 
39.69 
Medium 
52.91 
79.37 
15.00 
Good 
44 63 
59.51 
Poor 
89.27 
20.00 
Good - - - . 
52.88 
70.51 
25.00 
Poor 
Good - 
105. 76 
61.13 
81.50 
Poor - _ _- -.- . 
J 22. 26 
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 5 per cent compound interest 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 or 
medium; and 6 per cent only where taxes do not exceed 15 cents an acre, where the combined cost of planting 
nd land value does not exceed $6.50, and where the site is good. 
