True/False
Indicate whether the
statement is true or false.
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1.
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Timber, grazing, recreation,
water, minerals, fish, and wildlife are income-producing values of a forest.
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2.
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Grazing of forest ranges by
livestock is a multimillion dollar industry.
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3.
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Federal income tax is applied
to timber after it is cut.
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4.
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Timber is considered a capital
asset.
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5.
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The value of stumpage refers to
the price received for the land after it has been harvested.
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6.
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All timber stands have
identical value.
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7.
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Logging costs for timber
usually run about 50 per cent of the cost of sawtimber.
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8.
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Pulpwood logging costs is about
half the delivered price.
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9.
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Timber demand generally
establishes the price.
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10.
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The return on forest
investments is about 50% of investments in manufacturing.
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11.
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Most timber growers do a good
job of marketing timber.
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12.
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The best way to determine
timber values is to count the trees.
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13.
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Fence post and pulpwood
have higher value than do poles and pilings.
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14.
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Only a few trees in an ordinary
stand of timber are suitable for the higher classes of poles.
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15.
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Small tree farmers should sell
to reputable timber buyers who have done a good job in harvesting timber in the
past.
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16.
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Forest management plans often
cause timber to be harvested prematurely.
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17.
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Consulting foresters are
professional persons available for hire to provide in-depth assistance to timber
growers.
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18.
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Range management is the science
of planning and directing range use so as to obtain the maximum in livestock production with wise use
of the range resources.
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19.
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Stockmen realize that the
forage on forest range is usually deficient in amounts of nutrients required for good animal
growth.
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20.
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Native grasses provide good
forage all through the year.
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21.
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Grazing can occur while a young
stand of pines is growing to merchantable size.
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22.
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The most ideal native grazing
is in the open areas.
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23.
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The major problem on forest
ranges is to integrate grazing and forest management without damage to desirable
trees.
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Multiple Choice
Identify the choice that
best completes the statement or answers the question.
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24.
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Which of the following is not a
suitable source of credit for timber production?
a. | federal land
bank | d. | insurance
companies | b. | credit union | e. | savings banks | c. | farmers home administration |
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25.
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Determining the value of timber
is called _______.
a. | estimating | c. | evaluating | b. | stumpage appraisal | d. | using a cruise indicator |
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26.
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When the price set for a stand
is compared to average prices established in previous transactions, it is called
________.
a. | appraisal by
comparison | c. | comparison
shopping | b. | competitive appraisal | d. | similar costs |
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27.
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Which of the following is not a
way to sell timber?
a. | pile | c. | tree scale | e. | weight | b. | individual tree | d. | load scale |
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28.
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_______ is selling on the basis
of so much per thousand board feet or cords.
a. | lump
sum | c. | tree
scale | e. | weight | b. | individual tree | d. | load scale |
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29.
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_______ involves selling timber
on a set price per ton of wood fiber.
a. | lump
sum | d. | load
scale | b. | individual tree | e. | weight | c. | tree scale |
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30.
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________ refers to measurements
of the log load at the mill.
a. | lump
sum | c. | tree
scale | e. | weight | b. | individual tree | d. | load scale |
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31.
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Which of the following is not a
step in timber marketing?
a. | marking and estimating
timber | b. | selling the timber for the highest-value products
first | c. | offering the timber to several buyers on a bid
basis | d. | selling the timber by the use of a contract | e. | selling based on last year’s
contract |
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