43 6 FUNDAMENTALS OF AGRICULTURE. 



FIELD OF RYE ON MODEL FARM. FIELD OF RYE ON ADJACENT FARM. 

 FERTILITY MAINTAINED. FERTILITY RUN DOWN. 



Balancing Capital and Labor. Closely connected 

 with the choice of the farm and the type of farming 

 should go a careful study of the problem of balancing 

 the capital to be invested in the various ways in which 

 it will be needed, together with the proper balance be- 

 tween capital and labor employed. What proportion 

 of the money invested ought to be put into the land 

 itself, into the buildings and their equipment, into live- 

 stock and implements, and how much should be re- 

 served with which to pay for feed, fertilizer, labor and 

 other expenses of management? No rule can be laid 

 down, for the proportion will vary with many things; 

 but in general the more intensive the type and the meth- 

 ods employed, the larger will be the relative amount 

 needed for equipment and running expenses. 



A Farm Should Run at Its Full Capacity. Enough 

 labor should be employed to run the farm at its full 

 capacity and to do things at the right time. Much 

 loss results from not being able to reach things just 

 when they need attention. It often happens that a 

 few days' delay will double the cost of a piece of work. 

 No factory owner feels that he can allow part of his 



