minal land value for each scenario As of November 13, 2009 Constant Dollar Model Plantation yield gains from genetic & silvicultural improvements Base Model 5.80% n/a Probable Model 5.80% 0.35% Possible Model 5.80% 2.01% Constant Dollar IRR 5.80% 6.15% 7.81% Add 1.2% real price increases (R