W. E. A. Hiley. (1929). A financial analysis of a money yield table. Acta Forestalia Fennica vol. 34 no. 6 article id 7219. https://doi.org/10.14214/aff.7219

Keywords: Pinus sylvestris; Scots pine; rotation

Abstract | View details | Full text in PDF | Author Info

The aim of the study was to compare the theories of Soil Rental and Forest Rental. There is a controversy between the theories that is associated to the issues of length of rotation and grade of thinning. For the basis of the analysis was chosen Schwappach’s money yield table for Scots pine (Pinus sylvestris L.) Quality II, published in 1908. Based on the table was calculated the financial yield, the net annual income from a normal forest managed on various rotations, the capital value, and the net income expressed as the rate of interest on the capital value. According to the study, it is the rotation at which any money invested in lengthening the rotation still further, would yield no return. In the case of Scots pine, the highest income is achieved approximately with a rotation of 140 years, and the income per hectares would decrease if longer rotations were used, though the capital invested would increase.

The volume 34 of Acta Forestalia Fennica is a jubileum publication of professor Aimo Kaarlo Cajander.

Hiley, E-mail: wh@mm.unknown

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