80 
BULLETIN 14 9 7, U. S. DEPARTMENT OF AGRICULTURE 
Table 17. — White spruce stum-page values per cord,, SO, 60, and 50 years 
TO EARN 5 PER CENT 
Cost of 
planting 
plus land 
value per 
Age 
Yield 
per acre 
Stumpage values per cord, classified according to 
annual taxes in cents per acre plus 5 cents fire 
protection _i. 
acre 
15 cents 
20 cents 
30 cents 
45 cents 
75 cents 
$6. 50 
Years 
80 
60 
50 
Cords 
40 
30 
25 
$11. 65 
5.75 
$12. 86 
6.34 
$15. 29 
7.52, 
5 41 
$18. 93 
9.28 
6.67 
$26. 21 
12.82 
9.18 
4.16 
4.58 
7.60 
80 
60 
50 
40 
30 
25 
12.88 
6.37 
14.10 
6.96 
5.04 
16.53 
8.14 
5.87 
20.17 
9.91 
7.13 
27.45 
13.44 
9.64 
4.62 
8.50 
80 
60 
50 
40 
30 
25 
14.12 
6.99 
5.08 
15.34 
7.58 
5.49 
17.77 
8.76 
6.33 
21.41 
10.53 
7.59 
28.69 
14.07 
10.10 
10.10 
80 
60 
50 
40 
30 
25 
15.98 
7.93 
5.76 
17.20 
8.52 
6.18 
19.62 
9.70 
7.02 
23.27 
11.46 
8.28 
30.55 
15.00 
10.79 
12.00 
80 
60 
50 
40 
30 
25 
18.46 
9.17 
6.68 
19.67 
9.76 
7.10 
22.10 
10.94 
7.94 
25.74 
12.71 
9.19 
33.03 
16.24 
11.70 
15.00 
80 
60 
50 
40 
30 
25 
22.18 
11.04 
8.06 
23.39 
11.63 
8.48 
25.82 
12.81 
9.31 
29.46 
14.58 
10.57 
36.75 
18.11 
13.08 
20.00 
80 
60 
50 
40 
30 
25 
28.37 
14.15 
10.35 
29.59 
14.74 
10.77 
32.01 
15.92 
11.61 
35.66 
17.69 
12.86 
42.94 
21.23 
15.37 
$6.50 
7.50 
50 
10.00 
12.00 
15.00 
TO EARN 6 PER CENT 
80 
40 
60 
30 
50 
25 
80 
40 
60 
30 
50 
25 
80 
40 
60 
30 
50 
25 
80 
40 
60 
30 
50 
25 
80 
40 
60 
30 
50 
25 
80 
40 
60 
30 
50 
25 
80 
40 
60 
30 
50 
25 
$23. 69 
9.75 
6.45 
26.34 
10.85 
7.19 
11.95 
7.92 
32.95 
13.60 
9.03 
38.24 
15.79 
10.50 
46.17 
19.09 
12.71 
59.40 
24.59 
16.40 
$25. 88 
10.64 
7.03 
28.52 
11.73 
7.77 
31.17 
12.83 
8.50 
35.13 
14.48 
9.61 
40.42 
16.68 
11.08 
48.36 
19.98 
13.29 
61.58 
25.48 
16.98 
$30.24 
12.41 
8.19 
32.89 
13.51 
35.53 
14.61 
9.67 
39.50 
16.26 
10.77 
44.79 
18.46 
12.25 
52.72 
21.76 
14.46 
65.95 
27.26 
18. 14 
$36. 79 
15.08 
9.94 
39.44 
16.18 
10.67 
42.08 
17.28 
11.41 
46.05 
18.93 
12.51 
51.34 
21.13 
13.99 
59.27 
24.42 
16.20 
72.50 
29.92 
$49. 89 
20.41 
13.42 
52.54 
21.51 
14.16 
55.18 
22.61 
14.89 
59.15 
24.26 
16.00 
64.44 
26.46 
17.47 
72.37 
29.76 
19.68 
85.60 
35.25 
23.37 
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 indicate that it will earn 5 per cent compound interest only where taxes do not 
exceed 15 cents a acre, where cost of planting and land value do not exceed $7.50 an acre, and where it will 
produce not less than 25 cords per acre in not over 50 years. Even with taxes, cost of planting, and land 
value at a minimum, white spruce at $5 stumpage value will not earn 6 per cent compound interest. 
