The aim of the present work was to investigate the nutrient (N,P,K) allocation and accumulation in grey alder (Alnus incana (L.) Moench) and hybrid alder (Alnus incana (L.) Moench x Alnus glutinosa (L.) Gaertn.) plantations growing on former agricultural land and to estimate the above-ground biomass production during 4 years after establishment. In August of the 4th year, when leaf mass was at its maximum, the amount of nitrogen accumulated in above-ground biomass of grey alder stand was 142.0 kg ha–1, the amount of phosphorus 16.3 kg ha–1 and the amount of potassium 49.5 kg ha–1. The amount of nitrogen accumulated in a hybrid alder stand totalled 76.8 kg ha–1, that of phosphorus 6.2 kg ha–1 and that of potassium 28.2 kg ha–1. The smaller amounts of N,P and K bound in the hybrid alder plantation are related to the smaller biomass of the stand. Still, the amounts of N,P and K consumed for the production of one ton of biomass were similar in the case of up to 4-year-old grey alder and hybrid alder stands. In the 4th year, the amount of nutrients consumed in one ton of biomass produced were: 16.0 kg N, 1.6 kg P and 5.4 kg K for grey alder and 14.6 kg N, 1.1 kg P and 5.2 kg K for hybrid alder. In the 4th year the total above-ground biomass (dry mass) of grey alder (15750 plants ha–1) amounted to 12.3 t ha–1, current annual increment being 6.7 t ha–1. In hybrid alder stands (6700 plants ha–1), the respective figures were 6.1 t ha–1 and 4.5 t ha–1. Comparison of the production capacity on the basis of mean stem mass in the 4th year revealed that the stem mass of grey alder exceeded that of hybrid alder (0.64 kg and 0.58 kg, respectively). Grey alder outpaced hybrid alder in height growth; in the 4th year after establishment, the mean height of the grey alder stand was 4.6 ± 0.9 m and that of the hybrid alder plantation 3.5 ± 0.9 m.