1. Any person owning or controlling forest land may inaugurate and develop his own plan of management and employ such standards and methods of forest management as may suffice in the judgment of the commission to accomplish the purposes of this chapter and may obtain the partial relief from taxation provided for in this chapter for such forest property so long as the provisions of this chapter are being complied with, provided such plans and methods and application for tax relief be submitted on forms provided by the commission and the same are approved by the commission. Such plans, methods and application shall not be approved unless the commission finds they give reasonable assurance of accomplishing the purposes of this law.

2. After approval of such plans and methods and such application for tax relief such person may present revised working plans from time to time to the commission for the cutting and management of said forest lands, for their approval. Such revised working plans and methods shall be in a form and for a period prescribed by the commission and the decision of the commission in all such matters shall be final. The procedure in effectuating said tax relief shall be as that outlined in this chapter for forest croplands.