FOREST PLANTING IN THE LAKE STATES 
75 
Table 14. — Norway and northern white pine stum-page values per M board feet, 
80 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 
$2.99 
4.19 
6.98 
3.30 
4.61 
7.69 
3.60 
5.04 
8.40 
3.90 
5.47 
9.11 
4.36 
6.10 
10.17 
4.97 
6.96 
11.59 
5.88 
8.23 
13.72 
7.40 
10.36 
17.27 
8.92 
12.49 
$3.45 
4.83 
8.05 
3.76 
5.26 
8.76 
4.06 
5.68 
9.47 
4.36 
6.11 
10.18 
4.82 
6.75 
11.25 
5.43 
7.60 
12.66 
6.34 
8.88 
14.79 
7.86 
11.00 
18.34 
9.38 
13.13 
$4.37 
6.12 
10.20 
4.67 
6.54 
10.90 
4.98 
6.97 
11.61 
5.28 
7.39 
12.32 
5.74 
8.03 
13.39 
6.35 
8.88 
14.81 
7.26 
10.16 
16.93 
8.78 
12.29 
$5.75 
8.05 
13.41 
6.05 
8.47 
14. 12 
6.35 
8.90 
14.83 
6.66 
9.32 
15.54 
7.11 
9.96 
16.60 
7.72 
10.81 
18.02 
8.64 
12.09 
$8.50 
11 90 
Medium ... _ ... 
Poor -.__ _. 
19.84 
8.81 
12.33 
6.50 
Good 
Medium 
20.55 
9.11 
12 75 
7.50 
Good 
Medium 
Poor.. -__ . . 
"""""21." 26 
8.50 
Good 
9.41 
13 18 
Medium 
Poor.. .. . _. .... 
21.96 
9.87 
13.82 
23 03 
10.00 
Good 
Medium.. 
Poor.. ... . . 
12.00 
Good 
10 48 
Medium 
14 67 
24 45 
15.00 
Good 
11.39 
15.95 
Medium 
Poor. ... ... . ... _ . 
20.15 
10.16 
14.22 
26 58 
20.00 
Good 
12 91 
Medium. 
18.07 
Poor 
20.48 
10.30 
14.42 
23.70 
11.68 
16.35 
30.12 
25.00 
Good 
14 43 
Medium... 
"2O20 
Poor.. .. ..-. . .. .. 
20. 82 
21.89 
24.03 
27.24 
33 67 
1 Good sites should yield 35,000 board feet, medium sites 25,000, and poor sites 15,000 board feet at 80 years. 
If $20 a thousand board feet is conservatively estimated as the probable maximum 
stumpage value for Norway and northern white-pine saw. timber at 80 years, the figures 
less than $20 (those above the heavy line) indicate that it will earn 3 per cent compound 
interest where taxes are less than 40 cents an acre, except where the combined cost of 
planting and land value is over $20 and the site poor ; 4 per cent in general where taxes 
are less than 40 cents an acre, where the combined cost of planting and land value does 
not exceed $15, and where the site is good or medium. 
