570 Report of the Department of Horticulture of the 



YIELDS. 



As stated on page 84, the average yield of the orchard for the 

 ten years has been 79.2 barrels of barrel stock per acre, and 37. G 

 barrels of evaporator and cider stock. 



BALANCE SHEET. 



We are now ready to calculate profits and declare dividends: 

 Subtracting $1.29, the cost of a barrel of apples, from $2.60, the 

 amount received, a net profit of $1.31 per barrel remains for firsts 

 and seconds. Multiplying by 79, the number of barrels per acre, 

 gives $103.49 as the profit per acre for firsts and seconds. Sub- 

 tracting 72 cents from 93 cents, gives 21 cents as the difference 

 between average cost of production and average selling price of 

 culls. Multiplying 37.6, the number of barrels of culls per acre, by 

 21, gives a loss of $7.89 per acre on the culls, leaving the average 

 net profit per acre in this orchard for the past ten years $95.00; 

 add to this the $25 interest on the investment and we have $120.60 

 net, or 24.12 per ct. on $500, as the annual ten-year dividend from 

 this orchard. 



GENERAL STATEMENTS. 



In closing, several general statements must be made: 



The first of these is that the pan has not been skimmed in the 

 Auditor orchard work and the milk that is left is equally as good 

 as that which was taken. This orchard, barring accidents, will do 

 as well, or rather better, during the next twenty years than it has 

 in the past ten. 



Secondly, as good or better dividends are coming from many New 

 York apple orchards similarly situated and similarly cared for. The 

 figures given are a fair average for a Baldwin orchard in its fourth 

 decade. The cost of production is, if anything, high, since the 

 State cannot do work as cheaply as an individual. The extra cost, 

 if such there be, has been offset, however, by the skill and efficiency 

 with which Mr. Auchter, in direct charge of the work, has managed 

 every detail. 



Third, the profits of this orchard are probably many times as 

 great as those from the average plantation in New York. Indeed, 



