. Elements of forestry. Forests and forestry. FOREST FINANCE 263 which may have to be predicted or estimated; in forest finance it deals with the forest crop. Accurately stated, the expectation value is the exact present net value of a future. Fig. 49. — Result of Repeated Fires in a Farm Woodlot. Light ground fires which apparently do no harm beyond burning the dry leaves in reality inflict far-reaching damage which may not appear until the trees are cut. assumed sale value. In the case of the forest crop, the expec- tation value is apt to be rather blind because: 1. Exact knowledge of the fu
. Elements of forestry. Forests and forestry. FOREST FINANCE 263 which may have to be predicted or estimated; in forest finance it deals with the forest crop. Accurately stated, the expectation value is the exact present net value of a future. Fig. 49. — Result of Repeated Fires in a Farm Woodlot. Light ground fires which apparently do no harm beyond burning the dry leaves in reality inflict far-reaching damage which may not appear until the trees are cut. assumed sale value. In the case of the forest crop, the expec- tation value is apt to be rather blind because: 1. Exact knowledge of the future stumpage value is lacking. 2. No accurate knowledge of expenses that will be incurred in carrying the crop until time for sale is available. How- ever, it serves to give an idea of the present value when the forest crop is injured or destroyed before maturity. Rental value is concerned not with the forest crop but con- siders the forest soil as a revenue producing investment, a. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Moon, Frederick Franklin, 1880-1929; Brown, Nelson Courtlandt, 1885-. New York J. Wiley
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectforestsandforestry
