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Table 14.6--Summary of financial analysis of loblolly pine by MIC for medium sites (pulpwood $25 per cord, sawtimber $350 per thousand board feet) at 6 percent real discount rate^a

Group	MIC	Rotation	Yield	NPV	SEV	IRR
		Years	Ft3/ac	$/ac	$/ac	%
Southwide unthinned	SRTS-FIA	30	3,013	416	504	9.6
	MIC 1	30	3,158	440	532	9.7
	MIC 2	29	3,531	601	737	10.6
	MIC 3	28	3,763	648	806	10.9
	MIC 4	28	4,373	860	1,070	11.3
	MIC 5	27	4,846	990	1,249	11.9
SE thinned	MIC 1	29	2,718	411	504	9.8
	MIC 2	28	2,968	550	684	10.8
	MIC 3	27	3,203	615	776	11.2
	MIC 4	27	3,640	768	966	11.4
	MIC 5	25	3,899	1,082	1,411	13.0
SC thinned	MIC 1	29	2,718	411	504	9.8
	MIC 2	28	3,429	564	702	10.9
	MIC 3	27	3,514	782	987	12.1
	MIC 4	26	3,847	1,043	1,337	12.9
	MIC 5	25	3,899	1,082	1,411	13.0

MIC=management intensity class; NPV=net present value; SEV=soil expectation value; IRR=internal rates of return; SRTS=Subregional Timber Supply Model; FIA=Forest Inventory and Analysis, USDA Forest Service.

^a Assumed 1 percent real annual timber appreciation.

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