FOREST PLAN"TIN"G IN THE LAKE STATES 
79 
Table 16. — White spruce stum-page values per cord, 80, 60, and- 50 years 
TO EARN 3 PER CENT 
Cost of 
planting 
plus land 
value per 
acre 
Age 
Yield 
per acre 
Stumpage values per cord, classified according to 
annual taxes in cents per acre plus 5 cents fire 
protection 
15 cents 
20 cents 
30 cents 
45 cents 
75 cents 
$6.50 
7.50 
8.50 
10.00 
12.00 
15.00 
20.00 
Years 
80 
60 
50 
80 
60 
50 
80 
60 
50 
80 
60 
50 
80 
60 
50 
80 
60 
50 
80 
60 
50 
Cords 
40 
30 
25 
40 
30 
25 
40 
30 
25 
40 
30 
25 
40 
30 
25 
40 
30 
25 
40 
30 
25 
$2.88 
2.03 
1.74 
3.15 
2.22 
1.91 
3.42 
2.42 
2.09 
3.82 
2.71 
2.35 
4.35 
3.11 
2.70 
5.15 
$3. 29 
2.30 
1.96 
3.55 
2.49 
2.14 
3.82 
2.69 
2.31 
4.22 
2.98 
2.58 
4.75 
3.38 
2.93 
5.55 
$4.09 
2.84 
2.41 
4.36 
3.04 
2.59 
4.62 
3.23 
2.76 
5.02 
$5.29 
$7.70 
5.29 
4.44 
7.97 
5.48 
3.66 
3.09 
5.56 
3.85 
3.27 
5. 83 
4.05 
3.44 
6.23 
4.62 
8.24 
5.68 
4.79 
8.64 
5.97 
5.06 
9.17 
6.37 
5.41 
9.97 
6.96 
5.93 
11.30 
7.94 
6.81 
3.53 
3.03 
5.55 
4.34 
3.70 
6.76 
3.92 
3.38 
6.35 
4.74 
4.05 
7.56 
5.32 
3.69 
3.23 
6.48 
3.97 
3.45 
6.88 
4.51 
3.90 
7.68 
5.49 
4,58 
8.89 
6.31 
5.46 
4.68 
4.10 
4.95 
4.33 
4.78 
TO EARN 4 PER CENT 
$6.50 
80 
60 
50 
40 
30 
25 
$5.76 
$6.45 
$7. 83 
$9.90 
5.78 
$14. 03 
8.16 
6.35 
3.40 
2.68 
3.80 
2.99 
4.59 
3.60 
4.52 
7.50 
80 
60 
50 
40 
30 
25 
6.34 
7.03 
8.41 
10.47 
6.13 
14.61 
8.51 
6.63 
3.75 
2.97 
4.15 
3.27 
4.94 
3.88 
4.80 
8.50 
80 
60 
40 
30 
6.92 
7.60 
8.98 
5.29 
11. 05 
6.48 
15.18 
8.86 
4.10 
4.50 
50 
25 
3.25 
3.56 
4.17 
5.08 
6.92 
10.00 
80 
60 
50 
40 
30 
25 
7.78 
8.47 
5.03 
9.85 
5.82 
11.91 
7.01 
5.51 
16.05 
9.39 
7.34 
4.63 
3.68 
3.98 
4". 59 
12.00 
80 
60 
50 
40 
30 
25 
8.93 
5.33 
9.62 
5.73 
11.00 
6.52 
5.16 
13.07 
7.71 
6.08 
17.20 
10.09 
7.91 
4.25 
4.55 
15.00 
80 
60 
50 
40 
30 
25 
10.66 
6.38 
5.10 
11.35 
6.78 
5.41 
12.73 
7.57 
6.02 
14.80 
8.76 
6.93 
18.93 
11.14 
8.75 
20.00 
80 
60 
50 
40 
30 
25 
13.54 
8.14 
6.52 
14.23 
8.53 
6.83 
15.61 
9.33 
7.44 
17.68 
10.52 
8.35 
21.81 
12.90 
10.19 
If $5 a cord is conservatively estimated as the probable stumpage value of white spruce in 50 to 80 years, 
the figures less than $5 (those above the heavy lines) indicate that it will earn 3 per cent compound inter- 
est in general where taxes do not exceed 40 cents, where cost of planting and land value does not exceed $20, 
and where it will produce not less than 25 cords in 50 years or 30 cords in 60 years; where taxes are not 
over 25 cents, where the cost of planting and land value does not exceed $12, and where it will produce 
not less than 40 cords in 80 years; and 4 per cent only where taxes do not exceed 25 cents, where cost of 
planting and land value does not exceed $10 per acre, and where it will produce not less than 25 cords in 
50 years or 30 cords in 60 years. 
