1 U TORS OF SUCCESS IN FARMING 



can an owner who has only $3000. Any factor that enables the 

 farm operator to get control of more capital results in much larger 

 profits on the average. 



TABLE 3. RELATION OF CAPITAL TO PROFITS. 578 FARMS, 

 NORTH I.KN LIVINGSTON COUNTY, NEW YORK 



TABLE 4. RELATIVE OPPORTUNITIES WITH A GIVEN CAPITAL, 

 AS OWNER, PART OWNER, AND TENANT, NORTHERN LIVING- 

 STON COUNTY, NEW YORK 



Thr farmers with a given capital who have borrowed money so 



as to enlarge their business are, on the average, doing better than 



who are not in debt. Thr R suits tor one capital group in 



^un County are given in Table 5. MR- i. HUH is uho were 



