76 
BULLETIN 149 7, U. S. DEPARTMENT OF AGRICULTURE 
Table 14. — Norway and northern white pine stumpage values per M board feet, 
80 years — Continued 
TO EARN 4 PER CEXT 
Cost of 
planting 
plus land 
value 
per acre 
Site quality 
Stumpage values 
to annual taxes 
fire protection 
per M, classified according 
m cents per acre plus 5 cents 
15 cents 
20 cents 
30 cents 
45 cents 75 cents 
$5.50 
Good 
Medium 
Poor 
Good 
Medium 
Poor 
Good 
Medium 
$5.93 
8.30 
13.83 
6.59 
9.22 
15.37 
7.24 
10.14 
16.90 
7.90 
$6.71 
9.40 
15.67 
7.37 
10.32 
17.20 
8.03 
11.24 
18.74 
8.69 
$8.29 
11.61 
19.34 1 
8.95 
12.53 
$10.65 
14.91, 
$15. 38 
21.53 
35.88 
16.04 
6.50 
24.86 
11.31 
15.84 
22.45 
7.50 
"" 20. SS 
9.61 
13.45 
26.39 
11.97 
37.42 
16.69 
16.76 
23.37 
22. 42 
10. 27 
27.93 
12.63 
38.95 
8.50 
Good 
17.35 
Medium 
11.06 
18. 44 I 
12.17 
14. 37 17. 68 
24.29 
40.49 
Poor .. .. 
'20. 2S 
23. 95 
10.00 
Good . . 
8.89 
12.45 
9.68 
13.55 
11.25 
15.75 
13.62 18.34 
Medium 
19.06 
25. C8 
Poor - - ...... 
20.75 
10.21 
14.29 
'22.58 
11.00 
15.39 
26.26 
42.80 
12.00 
Good 
Medium 
Poor 
Good 
Medium 
Poor 
Good 
Medium 
Poor 
Good 
Medium . _ . ... . .. 
Poor 
12.57 
14.93 
19.66 
17.60 
20.91 
34.84 
27.52 
23.82 
12.18 
17.06 
25.66 
12.97 
18.16 
29.33 
14.55 
45.87 
15.00 
16.91 
21.63 
20.36 
33.94 
17.84 
23.67 
39.45 
30.29 
28.43 
15.48 
30.27 
16.26 
50. 4S 
20.00 
20.20 
28.28 
47.14 
23.49 
32.89 
54.82 
24.93 
25.00 
21. 67 22. 77 
36. 11 37. 95 
IS. 77 19. 56 
24.97 
41.62 
I 21. 13 
29.58 
49.31 
34.90 
58.16 
28.22 
26. 2S 27. 38 
43. 80 | 45. 63 
39.51 
65.85 
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 S20 (those above the heavy 
line) indicate that it will earn 3 per cent compound interest where taxes are less than 40 cents an acre, ex- 
cept 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. 
