DISTRIBUTION OF WEALTH 



ginal farmer when operating 6th grade or mar- 

 ginal land will just be able to make a living with- 

 out paying any rent for the use of the land. But 

 if the F grade farmer can make a living on 6th 

 grade land when he has no rent to pay, he can 

 make a living and something more on the 5th 

 grade land, and, if we think of the figures in the 

 illustration as representing dollars, the F grade 

 farmer can afford to pay just one dollar as rent 

 for the quantity of 5th grade land on which he 

 would make the same outlay as on an acre of the 

 6th grade land, for instead of a product worth 

 five dollars he secures a product worth six dollars. 

 Following the same reasoning the F grade farmer 

 could afford to pay two dollars for the 4th grade 

 land, three dollars for the 3d grade, four for the 

 2d, and five dollars for the quantity of ist grade 

 land on which he would employ the given amount 

 of labor and capital-goods in farming that land to 

 the most economical degree of intensity. 



.When all of the grades of land are viewed from 

 the standpoint of the A grade farmer, it becomes 

 apparent that he would be able to make more than 

 a living on land of any of these grades, and that 

 he would do as well to pay a rent of two dollars 

 for the use of 5th grade land, four dollars for 4th 

 grade land, six for the 3d, eight for the 2d, and ten 

 for the ist grade land, as to farm the 6th grade 

 land rent free; and in our illustration we shall 

 assume that the F grade farmer is needed to sup- 



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