622 Kl.ADINGS IN RTKAL ECONOMICS 



as those of the first two farms, but the larger area much more 

 than makes up the difference. With crops as good as his neigh- 

 bors, he might readily bring his labor income to $2000 or more. 

 The next farm shows what might be expected with better crops. 



Farm 4 : 



Acres of crops, no; excellent 



Yields compared with average, 142 per cent; excellent 

 Receipts per cow from 26 cows, $96 ; excellent 

 Percentage of receipts from crops, 1 9 per cent ; excellent 

 Labor income, $2239 



This farm is excellent in every particular. We should expect it 

 to make a labor income of over $2000, as it does. The reason why 

 it makes more than the preceding farm is because of better crops. 



Farm 5 : 



Acres of crops, 1 09 ; excellent 



Yields compared with average, 1 20 per cent ; excellent 

 Receipts per cow from 32 cows, $56; poor 

 Percentage of receipts from crops, 4 per cent ; poor 

 Labor income, minus $113 



This farmer made very good profits on his crops, of which he 

 had a good acreage. But he fed these crops to cows that did not 

 pay for their feed. If he had sold most of his crops he would 

 have done well. The farm is too heavily stocked even for good 

 cows. F^ewer and better cows and the sale of more cash crops 

 would readily make the labor income $1500, but as it is, the 

 farmer did not even make interest on his capital. He paid for 

 the privilege of working. 



Farm 6 : 



Acres of crops, 1 1 2 



Yields compared with average, 104 per cent 



Receipts per cow, $76 



Percentage of receipts from crops, 27 per cent 



Labor income, $1035 



This farm is making much more than the average by having 

 a little more crops and having cows much better than the average. 

 The crop yields, returns per cow, and area in crops could all be 



