FOEEST MANAGEMENT OF LOBLOLLY PINE. 
21 
MANAGEMENT OF LOBLOLLY PINE FORESTS. 
ADVISABILITY OF MANAGEMENT. 
The profits to be expected from forest management of loblolly pine 
are shown in Tables 19, 20, 21, 22, 23, and 24, which indicate the 
possible money returns and corresponding compound interest rates 
from properly managed stands. Tables 19, 20, and 21 give returns 
to be expected from fully stocked stands at different ages on Quality 
I, II, and III soils, where the product is to be manufactured into North 
Carolina pine rough lumber, cutting all trees 7 inches and over in 
diameter breast-high, while Tables 22, 23, and 24 give the same where 
the product is to be cut and sold as ungraded lumber and where all 
trees 5 inches and over in diameter are cut. 
Table 19. — Net profits per acre and corresponding compound interest rates from loblolly 
pine, for different initial investments, rotations, and distances from market. 
QUALITl 
I.— FOR TREES 7 
INCHES AND OVER IN DIAMETER BREASTHIGH, CUT AND 
GRADED AS NORTH CAROLINA PINE LUMBER. 
Net profit 3 and corresponding compound interest rate * on 
Initial investments. 
totalinit ; ai investment at different distances from market 
Cost* of ad- 
or shipping point. 
ministration 
and taxes at 
Rota- 
tion. 
6 per cent 
! mile. 
4 miles. 
8 miles 
16 miles. 
Land. 
Forma- 
tion. 1 
Total. 
compound 
interest. 
Net 
profit. 
Inter- 
est 
rate. 
Net 
profit. 
Inter- 
est 
rate. 
Net 
profit. 
Inter- 
est 
rate. 
Net 
profit. 
Inter- 
est 
rate. 
Years. 
Per ct. 
Perct. 
Perct. 
Perct. 
f SO 
$5 
| 
fS30. 62 
10.31 
$27. 48 
9.81 
$23. 50 
9.09 
$15. 93 
7.42 
«.^ 
1 3 
8 
I $2.21 
1 27.62 
7.75 
24. 48 
7.26 
20.50 
6.56 
12.93 
4.92 
50 
1 *■* 
10 
1 25.62 
6.56 
22.48 
6.07 
18.50 
5.38 
10.93 
3.76 
20 
I 7 
12 
J 
I 23.62 
5.59 
20.48 
5.11 
16.50 
4.42 
8.93 
2.82 
f 
10 
1 
f 29. 52 
7.11 
26.38 
6.67 
22.40 
6.05 
14.83 
4.65 
10 J ? 
v 
13 
I 3. 31 
J 26.52 
5.72 
23. 38 
5.28 
19.40 
4. 67 
11.83 
3.29 
15 
i 24.52 
4.96 
21.38 
4.53 
17.40 
3.93 
9.83 
2.55 
I 7 
17 
J 
t 22.52 
4.31 
19.38 
3.88 
15.40 
3.28 
7.83 
1.91 
'( o 
5 
| 
f 94. 76 
10.49 
85.98 
10.15 
74.72 
9.67 
53.10 
8.52 
[ 5 1 3 
8 
I 4.74 
1 91.76 
8.77 
82.98 
8.44 
71.72 
7.97 
50.10 
6.83 
5 
10 
1 89.76 
7.97 
80.98 
7.64 
69.72 
7.17 
48.10 
6.04 
30 
I 7 
12 
1 
I 87.76 
7.31 
78.98 
6.99 
67.72 
6.52 
46.10 
5.40 
f o 
10 
1 
f 92. 38 
8.06 
83.60 
7.74 
72.34 
7.28 
50.72 
6.20 
10 
1 3 
13 
, 12 
1 89.38 
7.12 
80. 60 
6.80 
69.34 
6.35 
47.72 
5.27 
1 ^ 
15 
i 87.38 
6.61 
78.60 
6.29 
67. 34 
5.84 
45.72 
4.77 
I 7 
17 
J 
I 85.38 
6.17 
76.60 
5.85 
65.34 
5.40 
43.72 
4.34 
f o 
5 
1 
Q65. 76 
9.23 
151.48 
8.99 
132. 91 
8.65 
96.74 
7.82 
. 
I 3 
8 
I 9.29 
J 162. 76 
7.95 
148. 48 
7.72 
129. 91 
7.38 
93. 74 
6.56 
5 
10 
1160.76 
7.35 
146. 48 
7.12 
127. 91 
6.78 
91.74 
5.97 
40 
I 7 
12 
) 
1158. 76 
6.86 
144.48 
6.63 125.91 
6.29 
89.74 
5.49 
f o 
10 
] 
(161. 12 
7.36 
146. 84 
7.12 128.27 
6.79 
92.10 
5.98 
10 
I 3 
13 
1 13. 93 
J 158. 12 
6.66 
143. 84 
6.43 1125.27 
6.09 
89.10 
5.29 
1 ^ 
15 
1156.12 
6.28 
141. 84 
6.04 
123. 27 
5.71 
87.10 
4.91 
I 7 
17 
) 
1 154. 12 
5.94 
139. 84 
5.71 
121. 27 
5.38 
85.10 
4.58 
f o 
5 
l 
(242.49 
8.12 
222. 92 
7.94 
197.24 
7.68 
146. 63 
7.06 
. 
1 3 
8 
t 17.42 
J 239. 49 
7.11 
219. 92 
6.93 [194.24 
6.67 
143. 63 
6.06 
1 ^ 
10 
1237.49 
6.63 
217. 92 
6.45 192.24 
6.20 
141. 63 
5.59 
50 
I 7 
12 
J 
1235. 49 
6.24 
215. 92 
6.06 190.24 
5.81 
139. 63 
5.20 
f o 
10 
| 
(233. 78 
6.60 
214. 21 
6.42 188.53 
6.16 
137. 92 
5.54 
10 
I 3 
13 
I 26. 13 
J 230. 78 
6.04 
211.21 
5.86 1 185. 53 
5.60 
134. 92 
4.98 
5 
15 
1228.78 
5.74 
209. 21 
5.56 1183.53 
5.30 
132. 92 
4.68 
I 7 
17 
1 
1226. 78 
5.47 
207. 21 
5.29 181.53 
5.04 
130. 92 
4.42 
1 Cost of establishing a loblolly pine stand, either by natural or artificial reproduction. 
2 Three cents per acre annually for administration '(including fire protection), and 6 mills on the dollar 
(full valuation) annually. for taxes, which is above present average tax for the region. 
3 Stumpage value as given in Table 15, less original cost of formation and total cost of administration and 
taxes. Where no net profit is shown, a loss is i ndicated. 
* Calculated by formula p=100 ("/- +i "'~^-l), where p=compound interest rate, rc=number of 
\ V L+F I 
years or rotation, 5=stumpage value at n years, i=cost of land, i-"=cost of formation, and J.=costoi 
administration and taxes in n years at 6 per cent compound interest. 
