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i 5 Hardwoods and Bamboo. Products: Veneer, woodcrafts, furniture, lumber, foodstuff. There are no data available for potential economic impact analysis for hardwoods grown in Hawaii. However, It is now universally recognized that hardwoods have virtually disappeared from the Tropics. Because of this, wholesale rough lumber prices of mahogany and koa for example, have doubled in the past 20 years. In 1970 wholesale price of mahogany in USA was $2.00/bdit, koa was $7.00/bdit. Now mahogany costs $4.00/bdfl. and koa, $15,00/bdit. The demand for hardwoods keeps Increasing due to the universal awareness of people to rely more end more on renewable resources. Hardwoods are excellent for (1) construction materials for sturdy structures, (2) furniture, (3) interior panelings of residential and office and office buildings and (4) a source of energy (highest btu/unit weight in the plant kingdom). It has been established that for every 1,OOOK bdit. of hardwoods used for interior paneling, wood- craft and furniture 1,000 jobs will be created. In many SE Asian countries bamboo is used as reinforcing bars of concrete posts in lieu of steel rods. Veneer bamboo is now commonly used in wall panelings, floor tiles, woodcraft and furni- ture In Asian counties. It is now used on surfboards in Hawaii. Bamboo s{ioot preserves constitute a multimillion dollar food export Industry of Thailand and other Asian countries. Because of the high economic potentials of hardwoods and bamboo, it is sate to assume that they have very much higher economic returns and create more employment opportunities than mono-crop Eucalyptus. Land Utilization and Financing Immediate Land Use. There are three groups of ranchers who are all members of the Coop and who are ready to use most, II not all, of the 10,000+ acres, One group Is headed by Mr. Antone Deluz, another by Mr. Dan Winters and a third by Mr. Jack Ramos. They have the resosurces to get started on ranching right away. A fourth group, headed by Mr. Bob Shiojl, are also members of the Coop and the Hamakua Chapter of the Farm Bureau. This group is ready to develop 1,000 or so acres to macadamia nut, coffee and tropical irults. Another group, Friends of Hamakua under the co-leadership of Mr. Tim Mann and Mr. Seppe Weismuller, are ready to develop 200 acres of agroforestry (integrated systems of high value hardwoods, tree and annual crops). From Year 1-15, the diversified ag farmers, working closely with the ranchers, will gradually develop diversified ag into afull-blown agro-industrial enterprise. It is expected that the ran- chers will also be a part of the diversified ag group in the future, enabling them to derive maxi- mum returns from their fencing capital investment. A Task Force will be created by the Coop to hammer out details of the project development plan. Financing, Financing of this 10,000+ acres will consist of personal resources as well as grants and loans from the state and federal governments. These grants and loans will be applied for by the Coop as well as by individual farmers, whichever is readily feasible. Marketing. Marketing of farm products will be done by individual farmers at farm gate outlets and through existing marketing network of some commodities (e.g. beef, macnut, coffee, papaya taro, ginger, cut flowers and foliage plant). The Coop will establish marketing systems for the