DISTRIBUTION OF INVESTMENTS. 



23 



to $40.65, is hio^her than the State average, SG.63, in every case. 

 It is to be remembered, however, that for comparison the vahio of 

 produce, etc., is to be deducted from that of the personal property 

 shown, the census vahies inchiding only hve stock and mac^hinery. 

 Exchiding produce, etc., the average of the 21 farms shows 81.4 per 

 cent of the total farm value in real estate and 18.6 per cent in per- 

 sonal property, as compared with 86.5 per cent and 13.5 per cent, 

 respectively, for the State. The greater value of personal property 

 on these farms argues the correctness of the statement previously 

 made that the farms under consideration are more successful than 

 the average. 



Including produce, etc., a mean of the 30 farms shows 77.34 per 

 cent of the total inventory value to be due to land and improve- 

 ments. The mean of the 21 shows 77.6 per cent in real estate and 

 the average 78.14 per cent. Seventeen out of 30 farms range between 

 77 per cent and 83 per cent in real estate, these having a mean of 

 79.8 per cent. These figures should serve as an indication of approxi- 

 mately the proper division of equipment capital on farms of this 

 class, the cash and other assets of course not being considered in 

 this study. 



Table V. — Totalinveslment and percentage of investment per acre in real estate and per- 

 sonal property for each of 30 Ohio farms, with the mean and average for a group of 21 of 

 these farms. 



' Nos. 5 and 11 omitted. 



84053°— Bul. 212—11- 



