95 



Summary of the Cost of a Five-Acre 5- Year-Old Apple and Peach 



Orchard 



126 Apple and 375 Peach Trees Set 18x20 Feet Apart. 

 Crop Net income Income from Cost of 

 Year Grown from crop orchard orchard Profit Loss 



1908 Beans $ 63.37 $130.12 $ 66.75 



1909 Beans 66.70 85.03 18.33 



1910 Beans 79.81 83.39 3.5S 



1911 Beans 11.09 $46.05 70.16 13.02 



1912 389.38 106.35 $283.03 



Totals $220.97 $435.43 $475.05 $283.03 $101.68 



Net Gain on Field in 5 Years $181.35 



Average Annual Gain 36.27 



Total Cost an Acre, exclusive of income $95.01 



Total Net Profit an Acre, including income 3 6.27 



Total Cost a 100 trees exclusive of income 9.48 



Total Cost a 100 Apple Trees exclusive of income 37.70 



These figures show a still lower cost of growing trees to 

 bearing age. After paying all expenses connected with the 

 growing of the trees, including the interest on the land at 

 $150 per acre, and deducting the net profit from the crops 

 of beans and the sales from the first crop of peaches we find 

 that the growing of the trees left us a net profit of $36.27 

 an acre, or 36c. an apple tree at five year old. Had no crop 

 been grown in the orchard it would have cost us at least 

 $95.01 an acre not counting the income from the two peach 

 crops. To put it another way the beans have returned a net 

 income of $44,24 an acre, or $11.06 an acre a year for four 

 years. The peach trees are now at full bearing age and 

 should show a good profit from this time on. At five years of 

 age this orchard has more than paid for itself. The only 

 possible further charge which could be made against the or- 

 chard is the crop income which might have been obtained 

 from the land had the trees not been there. We estimate 

 that the presence of the trees cut down the crop of beans 

 from the land 33 per cent. As the average net income from 

 beans is $11.05 an acre, this would amount to $3.75 an acre, 

 a year, or a total of $15.00 an insignificant sum. 



In summarizing these tables Mr. Thomson, who arranged 

 them, says: "The data can be taken only as an indication of 

 the cost under normal conditions. The records on no two 



