II 8o RURAL ECOXOMICS 



The farm in question has an area of 96 acres of an average value of 

 3140 per acre. On the farm 16 cows are constantly kept, and their milk is 

 CO nverted into butter which is sold exclusively to private customers in the 

 town of Freeport. 



Out of the heads under which the working of the farm was classified, 

 twelve jaelded a profit of $ 2006.86 and four left a net loss of -S 25.40. Thus 

 for the year there remains a net revenue of $ 1981.46 or S 20.64 P^^ acre, 

 made up of $ 868.16 interest at 5 % on the total capital invested in the 

 farm, and $ 1113.30 profit in the strict sense. The farmer owner drew 

 from his farm, in addition to the above revenue, $ 700 as wages for his la- 

 bour and that of one son, and $ 186.30 for the board and lodging of a per- 

 manent farm hand. The total reveniie of the farmer owner therefore 

 amounts to $2867.76 or $ 30 p. acre cultivated. The total household ex- 

 penses of the farm amounted to § 1802.24 ; there remains therefore a sav- 

 ing of S 1065.52, or $ II. 10 per acre ; it is expedient, however, to remark 

 that the household expenses include $42,155 used for education and charit- 

 able purposes ; these cannot be considered as strictly living expenses. 



The principal receipts of the farm are from the dairy cattle, which in 

 all gave a gross return of $ 2,868.95 divided as follows : $ 1,854.62 of 

 butter sold (66 % of the dairy receipts), $ 38.52 of butter and milk con- 

 sumed by the household, $ 44.70 of butter milk, 8 165. 11 of skim milk, 

 S 220 of manure, and S546 from the sale of cattle (17 °o oi the total cattle 

 receipts) 



The dairy, however, defrays a large portion of the expenses of the farm, 

 namety : $ 575.45 for the remuneration of manual labour, $106.16 for 

 horse labour, $ 113. 13 for maintenance of equipment, S 120 for maintenance 

 of buildings, $ 105.34 for interest on investment, $ 43-55 miscellaneous, 

 $ 128.57 f^t bought, and $ 1206.14 for feed ; a total cost of $2,398.34. 



This leaves $ 470.61. 



The average value of the dairy cattle is $ 74-37 per head ; that of the 

 10 head of young cattle is S 39-75- 



The total value of the food consumed, is divided as shown b}' Table I. 



Table I. — Distribution of total value of food consumed. 



Ground maize $ 101.25 Silage S 360 



Forage gluten S 86.25 Lucerne S 60 



Bran .S 105.19 Clover S 140 



Oil meal S 34-45 Green forage maize . . % 12 



Barley % 30 .Straw S 35 



Oat? S 15 Pasturage S 22.7 



The portion consumed bj' the dairj' cattle amounts to % 1016.65 in 

 the following proportions : 34.7 % grain, 47.6 % roughage, 17.7 % pas- 

 turage. 



The average return of each dair>' cow is made up as follows : $ 115. 91 

 for butter, $ 15-52 for butter milk, skim milk and products consumed by 

 the household, % 13-75 for manure, % 2g.y^ from sale of cows and calves 

 and increase of live weight, making a total return of S 174-93 per cow. 



