12 SURVEY OF FOUR TOWNSHIPS IN" SOUTHERN NEW HAMPSHIRE. 



of coming out even. Such results lead to further inquiry into the 

 true conditions of the dairy farm. 



Table VIII. — Average distribution of investment of total capital on the better and the 



poorer dairy farms. 



Table VIII shows that the average dairy farmer of the better class 

 has a smaller proportion of his capital invested in real estate than one 

 of the other class, owing to his having more invested in live stock. 

 The only important difference in the distribution of capital on the 

 better and the poorer classes of farms is in the amount invested in 

 dairy cattle. It would seem that one of the reasons why the recei])ts 

 are so small on the poorer farms is that they do not have enough 

 dairy cows. They have the machinery and the live stock, such as 

 horses, but have not the cows, which are the producing factor on an 

 ordinary dairy farm. In this connection the size of the farm is 

 one of several controlling factors as to the number of cows that a 

 successful dairyman can keep. Referring to Table VII, it is found 

 that the unsuccessful dairymen have one-fourth less area of tillable 

 land than the successful ones. They do not have tillable land enough 

 to support the fixed stock and also to keep a sufficient number of 

 dairy cows to earn a satisfactory income. Whether or not the 

 farmer should increase the size of his farm in order to have more cows 

 or whether he should practice more intensive methods of culture, 

 thereby obtaining larger crop yields, are matters which must be 

 settled by each farmer according to his own individual judgment. 



Table IX. — Average of various factors showing the relation between the better and the 



poorer dairy farms. 



Items covered by survey. 



Number of cows per farm 



Tillal)le area per cow acres 



Receipts per cow 



Receipts from dairy products for each dollar invested In dairy cattle , 



Expenses for grain 



Cash paid for grain for each dollar invested in all live stock 



Expense for labor, not including family labor 



Receipts from crops 



[Cir. 75] 



