EIGHTH ANNUAL YEAR BOOK-PART X, . 567 



sold from the other farm. The average annual result from the home farm 



are shown in the following table: 



120 hogs, at 337 pounds weight pounds 40,440 



40,440 pounds, at 6 cents* $2,426 



450 bushels of seed corn, at $1.82 819 



Gross income $3,245 



646 bushels corn, bought at 40 cents $ 258 



6i tons mill feed, bought at $20 127 



Wages and board of of 11 men 576 



Total outlay $ 961 



Available for general expenses, family income, etc $ 2,284 



From this net income should be deducted an amount sufficient to cover 

 insurance on buildings and loss from deterioration of buildings and other 

 improvements, farm machinery, work horses, etc. The remainder repre- 

 sents (1) interest on the investment, (2) wages for the labor of Mr. 

 Rowe and members of his family, and (3) clear profit. 



It is evident that quite a large part of Mr. Rowe's success is due to the 

 production of high-bred seed corn and the sale of the same at more than 

 four times the price of ordinary marketable corn. This is the result of 

 Mr. Rowe's intelligence, enterprise and business ability. His success in 

 this line can be duplicated by many other farmers either in the produc- 

 tion of high-bred seed of some farm crop or in some other special line of 

 production. However, it may be instructive to eliminate the production 

 and sale of seed corn and see what would be his success if he restricted 

 his efforts to hog farming. 



Since Mr. Rowe is a man who understands fully the possibilities of his 

 farm, it is fair to assume that if he depended entirely on hogs for his 

 income he would keep as many hogs as his system of farming would per- 

 mit. At present the number of hogs kept is limited by the area of clover 

 pasture. Now, by adopting two two-year rotations of corn and clover, 

 sowing clover in the corn at the last cultivation — a practice which is en- 

 tirely feasible — he could double his area of clover pasture, thus doubling 

 the number of hogs kept. Presumably, he would also insert 4 acres of soy 

 beans in the other cornfield in order to have hay for winter feed. He 

 would thus have 32 acres for corn on which he would produce 2,560 bush- 

 els. As he would need 6,152 bushels for feeding his hogs, it would be 

 necessary for him to buy 3,592 bushels. Figuring the financial results on 

 this basis we have the following: 



Hogs, aiO, averaging 337 pounds, or 80,880 pounds, live weight, at 6 cents 



per pound $ 4,852.00 



Corn bought, 3,593 bushels, at 40 cents $1,436.80 



Mill feed bought, 13 3-3 tons, at $30 254.00 



Wages and board of two hands 768.00 



Total outlay 2,458.80 



Net income $ 3,393.20 



It is here seen that the net profit would be slightly larger than under 

 the system actually in vogue. In discussing this point with the owner of 



*The price received this year was over 6 cents a pound live weight. With hogs 

 at 5 cents a pound the net income would be $1,767. 



