COST OF PRODUCTION 



227 



TABLE XXXIV. 



COST OF PRODUCTION. 



Estimate II. 



Interest on 35 per acre 



Land tax at d. per 



Local tax at ^d. per 



Water rates at 30/- per 100 acres . . 



Total rents and taxes 



Add 5% for land occupied by 

 buildings, gardens, hedges, etc. 

 Skim-ploughing 

 Discing two strokes 

 Harrowing 

 Deep-ploughing 

 Cultivating 

 Harrowing 

 Drilling 

 Harrowing 



Seed, 1 bush, at 4/- per bus. 

 Manure 1 cwt. at 5/- per cwt. 

 Harrowing in spring 

 Maintenance of hedges and ditches 

 Residual value of grass 



Total cost of putting crop in 

 Cutting, stocking, and stacking 

 Threshing at 3d. per bush, on 45 bush. 

 Carting at Id. per bush, on 45 bush, 

 at Id. each net cost 



Total expenses of taking crop off 



Total cost per acre 



Cost per bus. (45 bus. per ae. yield) 



10 

 010 

 10 



13 

 11 3 

 039 

 012 



271 



192 

 5 19 6 



028 



These estimates have much in common, and little need 

 be said of individual items. During the last decade the 

 average price of wheat has been about 3s. lid. per bushel, 

 and hence, according to the first estimate, the profit is 

 only 3d. per bushel, while the profit on the second esti- 

 mate is as high as Is. 3d. per bushel. It must be noted 

 that the specific lands to which these estimates refer, 

 lie close together, and both areas are well adapted to 



