Above‐ground biomass has been measured on fertilized and control plots up to stand age 31 years. Each biomass fraction was estimated by two statistically coupled linear models with squared diameter at breast height as independent variable. All fractions except reproductive structures of pine and dead branches of spruce were estimated at high precision levels,R.between 0.93 and 0.99. The above‐ground biomass fractions per hectare could be precisely described by stem volume with bark. Application of the models for prognostic purposes is discussed. Annual above‐ground net biomass production in pine increased from 2.05 to 4.34 MT d.m./ha‐yr on control plots over 11 years, while plots given complete fertilizer mixture ranged from 6.75 to 9.09. Spruce stands with a nearly optimum water relationship and fertilizer programmes yielded from 9.50 to 11.86 MT d.m./ha‐yr. The combination of energy and timber production in highly productive peatland stands is discussed.