Capitolo 29
1. Owners of great equity holding of lumber of virgin that you/he/she can satisfy bringing
positions from occasional sales to a profit on their acquisition cost,
but he/she won't sell very more than it is necessary because all of them
you/he/she can afford to hold you/he/she is advancing in the value. Such owners have more
or less earth deforested fire or theirs really grinding operations,
and it will tilt to only sell stumpage without earth. This earth is
inclusive easily not currently on, and for the speculative reason
determined, them enough they will continue in the business long to grow a new
you cut on him. The greatest their equity holding, the greatest the certainty of
this and the most convenient, relatively the cost of protection. Besides,
distribution of worries with the great and long term investments you/he/she can consider
a lower interest rate.
2. Owners with less facility to make an actual profit through
increasing lumber, but desiring to maintain a business of grinding. Also
if the cost of increasing approaches or it equalizes the value of the crop,
they will be able to count on to manufacture continued profit.
(Both of the face of classes on a possibility of so heavy a tax on
their lumber of virgin in of the examples to which they will be forced
you cut him/it and goes out of business. This is unlikely for generally to happen,
however, for tax reform it is almost inevitable, and it would have a
compensatory effect to improve the value of the second crop.)
3. Owners whose equity holding is not great enough to hold them in the business
until a second crop mature but you/he/she is advantageously located. According to
growth doesn't need to be mature to have a value. As the present provisioning
it decreases, next available provisioning will earn a tall anticipation
value on which can be inclusive. The profit offers it will be
widely determined by his/her proximity to introduce on the market and especially from his
proximity to established mills that you/they see them really it provides management
short and you/he/she has failed, through the inability or lack of the foresight, to