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Hal O. Liechty and others, An Interim Economic Comparison of Thinning Treatments in a High Site Quality Red Pine Plantation, Northern Journal of Applied Forestry, Volume 5, Issue 3, September 1988, Pages 211–215, https://doi.org/10.1093/njaf/5.3.211
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Abstract
Harvesting costs for seven thinning treatments applied to a highly productive (site index 81 at base age 50) red pine stand (age 22) were calculated using machine productivity rates developed for loblolly pine. The economic value of each treatment 10 years after the initial thinning was determined using the calculated harvesting costs and current product prices. Plots thinned to 60 ft2 ba/ac, 30% height, and 120 ft2 ba/ac treatments had the highest returns regardless of whether pulpwood or pulpwood and sawtimber markets were used to determine returns. The superior economic returns from the 30% and 120 ft2 treatments reflected the higher overall product yields from these thinning strategies. However, the 60 ft2 treatment, which had the second lowest merchantable cubic-foot yields in the study, had returns similar to the higher yielding treatments. This was due to: (1) larger early returns from the initial heavy thinnings in the 60 ft2 treatment, and (2) the decreased harvesting costs related to increased stand diameter growth of the heavier thinned treatment. North. J. Appl. For. 5:211-215, Sept. 1988.