charged. When loans are for $5400 

 or less a new home is built on the farm 

 for owner occupancy, this premium is 

 one-quarter of one percent, and the 

 term of the loan may run up to 25 

 years. 



Insured farm mortgages are repaid 

 in equal installments. Dairymen, poul- 

 trymen, and others receiving monthly 

 checks are expected to pay each month 

 unless other arrangements are made 

 with the lending institution. Live- 

 stock producers, grain and fruit grow- 

 ers, and farmers in similar £elds may 

 make payments in semi-annual or an- 

 nual installments, but at least one pay- 

 ment must be made each year. These 

 installments include principal and in- 

 terest payments, mortgage and hazard 

 insurance premium, taxes, and fixed 

 charges such as ground rents, irriga- 

 tion and drainage charges, and special 

 assessments, should there be any. 



The FHA requires that a contractor 

 be employed for home and other build- 

 ing construction work. However, the 

 farmer may hire out to the contractor 

 at regular wages, and he may also sell 

 to the builder, at reasonable prices, any 

 materials he may have on the farm. 



Editor's note: Money for buying fjrms or re- 

 financing existing farm mortgages can he bor- 

 rowed at more favorable rates than those 

 offered by FHA loans through your local farm 

 loan association. Talk over your financial 

 problem uilh the Secretary of your county 

 iarm loan association and get his advice. The 

 thove article was supplied by the FHA. 



Big Difference in 

 Profits of Farms 



The 10 most profitable farms among 

 31 in Macoupin county that kept accurate 

 records in 1937 had an average net in- 

 come of $3337 a farm as compared with 

 $482 for the 10 least profitable farms. 

 The 10 most profitable farms averaged 

 113 acres larger in size than the least 

 profitable, had 73.6 per cent of their crop- 

 land in corn, oats, winter wheat, and 

 soybeans and only 22.8 per cent in hay 

 and pasture as contrasted with only 

 55.8 percent of crop land in grain crops 

 and 32.8 per cent in hay and pasture 

 for the least profitable farms. (1937 

 was a year more favorable to grain 

 crops than to livestock, also the more 

 profitable farms were cropping too 

 heavy, depleting fertility.) 



The 10 most profitable farms had 

 13.5 cows milked per farm compared 

 with only 4.5 milk cows on the 10 least 

 profitable. 



The 10 high farms had returns of 

 1 167 per $100 of feed fed to livestock 

 compared with $118 on the 10 low 

 farms. 



Labor and management wage of the 

 operator on the 10 high farms was 



^G4^ AduUe/U. ^ake PoAi in 



DEAN DANIELS, LEFT. AND JOHN 



Q. SCOTT, THE CHAMPION 

 "Hia record 7.1 bu. in 30 minutes." 



HE first official Farm Advisers' 



Farmers of America, Villa Grove chap- 

 ter, under the direction of Vocational 

 Ag teacher. Dean Daniels. The Corn 

 Husking Contest took place on the high 

 school ag demonstration plot at the 

 edge of Villa Grove in Douglas county, 

 Oct. 13. 



Winner was John Q. Scott, Douglas 

 County farm adviser. Scott's record 

 was 7.1 bu. net in 30 minutes, Radio 

 Station WDZ, Tuscola, broadcast the 

 match, and two of its officials, Emerson 

 Russell and Clair Hull, later staged an 

 impromptu Corn Husking Contest for 

 the WDZ championship. Clair Hull 

 won with 1.6 bu. in 15 minutes against 

 Emerson Russell who shucked 102 

 pounds. John Q. Scott announced the 

 WDZ contest while Farm Adviser Ed 

 Harris of Champaign county told the 

 world about how good or poor farm 

 advisers were in hitting the bangboards. 



p* Corn Husking Contest ever 



^^_y conducted in the United 



States was sponsored by the Future 



Many dairymen get into the profit 

 column the quickest by culling out the 

 loafers and "sit down strikers" in the 

 dairy herd. 



FARM ADVISER SHUCKERS 

 Left to right: Bill Meyers, Coles county: L. E. McEinzie, Edgar county; Assistant, 

 Harold Templeton, Champaign; lohn Scott, Douglas; E. O. Johnston, Piatt; Paul Krows, 

 Moultrie. 



$2593 per farm compared with only 

 $89 for the 10 low farms. 



Part of the returns above were repre- 

 sented by increases in inventory. The 

 31 farms averaged $5382 cash income 

 per farm in 1937 compared with $4762 

 m 1936. Cash expenses were $3696 in 

 1937 compared with $3221 in 1936 

 leaving cash income above expense at 

 $1686 average per farm in 1937 and 

 $1541 in 1936. 



The income cited here does not in- 

 clude what the family took oflF the farm 

 for food and fuel. For a group of 159 

 central Illinois farm families in the 

 Farm Bureau-Farm Management Ser- 

 vice, the value of food and fuel fur- 

 nished by the farm was $381 per family 

 of five persons in 1937 when valued 

 at wholesale prices for farm products. 

 In 1938 the value of farm products 

 used in the household will be included 

 as a part of gross farm receipts. 



28 



L A. A. RECORD 



