Possibilities of Forest Management in a Tract of California Second-Growth Pine

Supplementing previous general descriptions of the second-growth forests of the western Sierra Nevada, this paper presents a management analysis for a typical tract of 6,400 acres on which the timber volumes and growth have been measured. The possibilities of profitable sustained-yield operations are examined as regards cooperative forest management by the group of present owners, and also from the point of view of an investor considering the purchase of the property as a unit. Comment is made upon the failure of conventional theories of regulation-of-the-cut to apply to such practical cases as the one under discussion.