Abstract
Abstract Nominal rates of value change for 141 uncut forest plots in New Hampshire averaged 15.9% annually for the 10 years ending in 1983. In contrast, average annual nominal returns were 8.3% for the Standard and Poors 500 stock average and 7.6% for the Forbes bond and preferred stock composite fund from 1973 to 1983. Regression analysis failed to establish useful predictive relationships between stand variables and rates of value change, but some results were clear. Forest type was an important factor in determining rate of value change. Much of the difference between rates of value change among forest-type groups was due to differences in price trends for various species. Rates of value change declined at higher elevations, overall, and within forest-type groups. North. J. Appl. For. 4:64-66, June 1987.
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