532 



BUSINESS MANAGEMENT 



feeding a hen for one 3'ear and that as a result of this, the feed cost 

 per hen represents 56 per cent, of the production cost of 

 eggs. This is a very vital argument in favor of raising more of the 

 feed for the poultry where they are produced in an effort to reduce 

 this cost of production. 



A study of these conditions growing out of the war show how 

 relatively unstable our economic fabric is and what great changes 

 are brought about and what different problems must be met in the 

 production field when the normal economic development of a 

 country is disturbed. The above figures regarding war conditions 

 could not hav^e been secured in this accurate and clear way if it 



T\0»l 6F.C0ST FACTORS 



Fig. 219. — Increase and percentage distribution of production costs. 



were not for the farm management survej'. It is important that 

 the nature and uses of such surveys be appreciated. They should 

 be used by every individual producer to a greater or less extent in 

 checking up his own business. They furnish a wonderfully ac- 

 curate and quick means of checking up the efficiency of an in- 

 dustry scattered over a relatively wide territory. Without a care- 

 fully kept inventory, and at least a yearly management survey, no 

 poultry farm can be made to pay its greatest returns. 



REVIEW. 



1. What is the relation of proper organization to success in business? 



2. What kind of information is necessary in order to organize properly? 



3. Define the term 'Poultry Farm Management.' 



4. What do you understand by a poultry farm management survey? 



5. Enumerate the five factors which should be studied in a farm management 



survey. 



