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Replacement Value of cherry tree

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From: Sheri Stange City: Low Point, IL
Past 2 weeks someone ran their car into a 5 year old Carmine jewel dwarf cherry tree and I need to figure replacement value for insurance. Purchased tree from Gurney for $29.99 and start bearing fruit last year.
	Extension Message From: James Schmidt Extension Specialist, Home Horticulture/4-H Department of Crop Sciences schmidt1@illinois.edu
There is no easy answer for this. My suggestion would be to ask for replacement of the tree plus a couple of years production to compensate for the new one getting established and into production. From what I can find, the average production for a Carmine Jewel shrub is roughly 25 pounds per plant. Assuming you would have to buy cherries for a couple of years, they sell for anywhere from $1.25 to $4.00 per pound depending on the time of season, the market, and the year. Hope this helps.
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