278 COTTON 



leaving the farmer to take such prices as are offered 

 without regard to the cost of production. In this 

 case you can use your seed, if you cannot sell them 

 on the market for what they are worth. 



The fertilizing value is one measure of value and 

 a governing principle in estimating the worth per 

 bushel or the basis of exchange for meal. 



Estimating values of cotton seed and cotton- 

 seed meal on the same basis as the cost of the in- 

 gredients in regular fertilizing materials used on 

 the cotton farm, we get the following: 



One Ton Cotton Seed 



Ammonia, 75 Ibs. @ 13. 5c $10.13 



Phosphoric Acid, 26 Ibs. @ 5 cts 1.30 



Potash, 24 Ibs. @ 5.5c 1.32 



Fertilizing Value $12.75 



This represents the actual worth of the potential 

 plant food in one ton of seed. Allowing the same 

 values for cost of the several ingredients in cotton- 

 seed meal we get the following : 



One Ton Cottonseed Meal 



Ammonia, 150 Ibs. @ 13.5c $20.25 



Phosphoric Acid, 56 Ibs. @ 5c 2.80 



Potash, 35 Ibs. @ 5.5c 1.95 



Fertilizing Value $25.00 



Putting this in form of a proportion we have 



$25.00 : $12.75 : : x : 1. 



Or, 



Value of meal : value seed : : 1.9 : 1. 



In other words, cottonseed meal when sold for 



