148 



SEVENTH REPORT. 



COURSES IN SOME PHASES OF RURAL ECONOMY. 



OUTLINE FOR A COURSE IN FARM MANAGEMENT. 



PREPARED BY PROFESSOR F. W. CARD, RHODE ISLAND COLLEGE OF AGRICUL- 

 TURE AND MECHANIC ARTS. . 



Introduction. 



Evolution of farming. 



Ratio of population to productive area. 

 Changes in farming metliods. 



Capital. 

 Fixed. 

 Circulating. 



Relationship and relative proportion of each. 



Relative proportion to capital invested 



Manual labor. 



Team labor. 



The labor problem. 



Winter labor. 



Contract labor. 



Profit sharing. 



Share rental. 

 Money rental. 

 Ownership. 



Location. 



Surroundings. 



Market facilities. 

 Character. 



Land, buildings, orchard, etc. 



Farm Balance, 



(Proportionate division of crops.) 

 Influenced by 



1. Rotation. 



2. Farm consumption. 



3. Distribution of labor. 



4. Money return. 



Systems of Farming. 



Special vs. mixed. 



Advantages of mixed farming. 



Advantages of special farming. 

 Extensive vs. intensive. 



Demands of extensive farming. 



Demands of intensive farming. 

 Syndicate farming. 



Favorable factors. 



Unfavorable factors. 



Marketing Problems. 

 Price. 



Transportation. 

 Wholesale vs. retail. 

 General vs. special. 

 Home vs. distant. 

 Direct sales vs. commission. 

 Varieties, packing, and grading. 



Records and Accounts, 



Business accounts. 



Requisites. 



Inventory. 



Cash-book. 



Bank accounts. 



Personal accounts. 

 Farm records. 



Time-cards. 



Production records. 



Family consumption. 



Labor. 



Ownership or Rental. 



Choice of a Farm. 



Implements and Equipment. 



Items of cost in owning. 

 Cost and efficiency of labor 



machine. 

 Profit or loss in owning. 

 Capacity of machines. 



with and without 



Farming compared with other Lines of B^tsincss. 



Investment. 



Returns. 



Limitations. 



Advantages for the working investor. 



Opportunities for the passive investor. 



Methods. 



Cost. 



Returns. 



Advertising 



Miscellaneous Problems. 



Fencing. 



Economy of time. 



Shape of fields. 



Location of buildings. 



Economy in farm operations, etc 



