FINANCING THE INVESTMENT 



local conditions, including good roads, school 

 advantages and a healthy community spirit, 

 are lacking, there will develop a feeling of 

 discouragement and mental dissatisfaction which 

 destroys morale and creates the desire to get 

 out from under at any cost. 



The Stocked Farm. The question is frequently 

 raised as to whether a farm should be bought 

 already stocked with work and domestic animals 

 and with farm equipment or whether it should 

 be stocked by the operator himself. This will 

 depend, of course, upon the type of equipment 

 which may be available in the individual case. 

 Sometimes fairly good equipment will be sold 

 with the farm as a means of facilitating a sale, 

 but the value of each item should be determined 

 by someone experienced in prices of such live- 

 stock or commodities as may be sold with the 

 farm. 



In many cases the buyer has loaded himself 

 with animals or equipment that are ill adapted 

 to the farm or that are of no particular value, 

 and in struggling to get along with them he 

 may seriously handicap the efficiency of his 

 labors. In most cases it will be found a better 

 practice to add stock and equipment as the need 

 becomes definite and the finances of the operator 

 make it possible for him to add them to the 

 farm. In this way he will be fairly sure of 



35 

 I 



