IOO FARM DEVELOPMENT 



end of the panic, as an assurance that the supply was no 

 longer increasing more rapidly than the demand, and 

 that the supply of cheaply raised ranch beef, as com- 

 pared with the growing demand, had reached its climax, 

 and that beef raising would be more remunerative. 

 These illustrations are given, not to show that these 

 industries may now be remunerative, but rather to illus- 

 trate a principle and to show the advantage of studying 

 in a broad way those factors which modify supply and 

 demand and thus cause irregular fluctuations in prices. 

 Some farmers who have an abundance of the product 

 which may be in special demand, succeed partly because 

 they look ahead and anticipate high prices. 



Enterprise brings success. The farmer has abundant 

 opportunities for the exercise of the spirit of enterprise. 

 If all his neighbors have poor hogs, the most profitable 

 line of production he can enter upon may be the pro- 

 duction of pure-bred animals to sell for breeding pur- 

 poses. To make a success of this, he must carry out his 

 business in a somewhat different way from that which 

 might succeed in simply raising fat porkers for the mar- 

 ket. He must secure superior breeding animals and rear 

 their young in the most improved manner. He must 

 create a market for his pigs by educating his neighbors 

 to an appreciation of better stock. Likewise, a farmer 

 may get the best corn, wheat or other crop, and, by 

 raising fine crops of good quality, work up a reputation 

 as a grower of pure-bred seeds and thus obtain from his 

 neighbors prices for seed which are better than the prices 

 offered at the elevator, or even more than could be 

 realized if the grain were fed to live stock. Other 

 specialties which offer opportunities are berry raising, 

 orchard fruits, or even some less common crop with 

 which the local market is not supplied by other farmers 

 in the vicinity. Often the distant market will afford 

 better prices than the home market. Especially in case 



