138 Bulletin 271. 



Of 178 farmers (Table II): 



47 received from nothing up to $250 as a salary. 

 26 from $250 to $500. 

 51 from $500 to $1,000. 

 20 from $1,000 to $1,500. 

 20 from $1,500 to $2500. 



7 from $2,500 to $3,500. 



7 more than $3,500. 



If we make the division broader, 124 farmers or about 70% received 

 less than $1,000 labor income, while 54 or about 30% received $1,000 

 or more. 



When we compare the different types in regard to income (Table II), 

 we find that approximately 50% of the dairy farmers, 45% of the general 

 farmers, and 23% of the fruit farmers received less than $500 as a labor 

 income. Again, while only about 21% of the dairymen and 18% of 

 the general farmers received salaries above $1,000, the percentage of 

 fruit growers receiving above $1,000 was nearly 68%. It is very evident 

 here that the fruit farmers were the best paid men. Another fact 

 worthy of note is that while eleven fruit growers cleared above $2,500 

 each, but one dairyman, two potato growers and no general farmers 

 did this. 



DISTRIBUTION OF THE FARMER'S CAPITAL 



Farmers do not often think of their capital in real estate and in movable 

 equipment as an investment upon which interest must be had before 

 the business can be said to pay. This, however, is a good business 

 man's point of view. Before entering upon a business venture, he con- 

 siders the amount of capital which must be invested and the probable 

 percentage of returns on the investment. A farmer's capital consists of 

 three parts: (i) permanent and immovable capital, as land, buildings, 

 fences, etc.; (2) movable equipment, tending to wear out, as machinery, 

 teams,- etc., (3) temporary annual capital, as cash and supplies. We 

 are principally concerned with the first two, the relations of which are 

 important. The second and third are more or less inter-changeable 

 and may be considered together. 



