6 SURVEY OP FOUR TOWNSHIPS IN SOUTHERN NEW HAMPSHIRE. 



The receipts include all the cash receipts plus any increase in the 

 value of the property at the end of the year. 



The expenses include all cash paid out plus an}^ decrease in the 

 value of property; the value of the labor by members of the family 

 other than the farmer is not added to the expenses, but is stated as a 

 separate item and must be deducted from the farm income when 

 determining the amount that the owner receives for his labor. No 

 household or personal expenses are included except the value of 

 board furnished to hired help. 



The farm income represents the difference between the receipts and 

 expenses. It is not net profit to the owner, for the interest on the 

 investment and the value of the family labor have not been deducted. 



The labor income represents the farmer's salary or what he makes 

 as a result of his own labor after deducting 5 per cent on the invest- 

 ment. To illustrate, suppose a farmer's labor income is S400; tliis 

 means that he has made 5 per cent on the investment and in addition 

 has cleared $400 above all farm expenses, besides having the use of 

 the house, fuel, and water, and such farm products as were consumed 

 in the house. 



To find the per cent on investment which a farmer makes, the pay 

 for his own labor and that of his family must be deducted. Assuming 

 that $300 is a reasonable allowance for the actual labor which a 

 farmer does, if $300 is deducted for the owner's labor and also the 

 value of his family's labor from the farm income and the remainder is 

 then di\dded by the average investment, the result is the per cent wliich 

 the farmer has made as a result of his farming operations for the year. 



RESULTS OF THE SURVEY. 



Throughout the whole region surveyed, and the same holds true 

 throughout the State, the acreage of tillable land is very small. 

 Furthermore, the tillable land on each farm is usually made up of 

 small, irregular fields. Extensive cultivation of large areas is 

 impossible. 

 Table I. — Average areas, capital, receipts, expenses, and profits for 266 farms, by towns. 



Items covered by survey. 



Area acres. . 



Tillable area do 



Capital invested 



Receipts 



Expenses 



Farm income 



Interest on investment, at 5 per cent 



Unpaid family labor 



Labor income, after deducting 5 per cent interest on 

 investment 



Wages per day (.313 days) ^ 



Profit on investment ($300 for owner's labor de- 

 ducted) 



Average 



(266 

 farms). 



108 



31.9 



$5,350.00 



1,582.00 



928.00 



654.00 



267.00 



50.00 



337.00 

 1.07 

 Per cent. 

 5.7 



[Cir. 75] 



