F piants ^^ On ^y was ^ e Nitrogen utilized well on prac- 



tically all of the plots, but at the prices which prevailed 



"4 for hay and feed during the season, the increased yield 

 from the larger applications proved to be more profitable 

 than those of the lower. In other words, the complete 

 utilization of Nitrate does not necessarily mean that 

 there shall be a proportionate profit derived, as the 

 profits will increase in a greater ratio, when the same 

 ratio of utilization is maintained in the larger applica- 

 tion. This is very clearly shown in the table of gross 

 and net values of crops, due to the application of 

 Nitrate. 



Table II. Gross and Net Values of Crops. 



Plot Value of Increase in Value Cost of Net Value of 



Crop. of Nitrated Crop. Nitrate. Increased Crop. 



1 $22.40 $4.90 $2.60 $2.30 



2 22.40 4.90 3.90 1.00 



3 17.50 



4 26.95 9.45 5.20 4.25 



5 32.00 14.50 6.50 8.00 



6 17.50 



7 39.80 22.30 7.80 14.50 



8 40.50 23.00 9.10 13.90 



Although the markets do not recognize oat and pea 

 hay in their classification, and thus establish a market 

 value, nevertheless its feeding value is recognized, and 

 its use upon the farm must have a direct bearing upon 

 the net profits that may be derived from the growing 

 of marketable hay, as it increases the quantity that may 

 be sold. 



At the prices received for hay the past season, $14 

 per ton for well-cured oat and pea hay, would be re- 

 garded as a fair price. It will be observed that on this 

 basis the gross value of the yields on the different 

 Nitrated plots range from $22.40 for plots 1 and 2, to 

 about $40 per acre for plots 7 and 8, an increase of about 

 80 per cent., or a gain in value of increased crop ranging 

 from $4.90 to $23 per acre. Deducting the cost of the 

 Nitrate of Soda applied, the net increase in value of 

 crops ranges from $1 on plot 2 to $14.50 on plot 7, or 

 an increase in net value of crop on plot. 7 of more than 



