Grade. 

 Date. . 



EXERCISE 3 

 DISTRIBUTING THE POULTRYMAN'S CAPITAL 



Object.— To determine the proper distribution of capital for the success- 

 ful management of a poultry farm. 



Equipment. — Complete inventories of, at least, five successful poultry 

 farms of different sizes. These inventories can be secured by correspondence, 

 by personal visit, or, if necessary, from previously published data of a similar 

 nature. 



Procedure. — Step 1. — Divide the capital, as shown by these inventories, 

 into the following classification: 



A. Fixed or invested capital. 



1. Land. 



2. Buildings. 



3. Equipment. 



4. Producing stock. 



B. Circulating and working capital. 



1. Feed. 



2. Seed and fertilizers. 



3. Supplies. 



4. Young stock grown for sale. 



5. Money required to pay labor and carry on the business. 

 Step 2.— Find average distribution of capital on all plants studied. 

 St-ep 3.— Express these averages as percentage of total capital invested 



in different branches, as land, buildings, equipment, stock, feed, labor, etc. 

 Step 4.— Determine differences, if any, in per cent of distribution of 



capital on large or small farms, on utility or exhibition farms. 



Leading Questions. — 1. How many inventories were you able to secure 



to use in this study? Is this number sufficient to get accurate averages? 



