AGRICULTURAL ECONOMICS 



by the fact that on June i, 1900, the live stock 

 on farms represented fifteen per cent, of the total 

 value of all farm property; and by the further 

 fact that the value of the animal products sold or 

 consumed by the farmers in 1899, represented 

 forty-five and seven-tenths per cent, of the total 

 value of all farm products sold or devoted to the 

 personal use of the farmers and their families 

 during the same year. The following table 

 shows the valuation of farm property 1 and prod- 

 ucts 2 as reported in the twelfth census. 



VALUATION OF FARM PROPERTY AND PRODUCTS 



Kinds of Property Va ^^ ,* 



Land and Improvements $16,674,690,247 81.3 



Live stock on hand June ist 3,078,050,041 15.0 



Implements and machinery 761,261,550 3.7 



Total value of farm property. . .$20,514,001,838 100.0 



Kinds of Products 



Crops not fed to animals $2,045,187,485 54.3 



Animal products 1,718,900,221 45.7 



Total $3,764,177,706 loo.o 



QUANTITIES AND VALUES OF SPECIFIED ANIMAL PRODUCTS, 



AND VALUES OF POULTRY RAISED, ANIMALS SOLD, AND 



ANIMALS SLAUGHTERED ON FARMS IN i899 3 



Products Value 



Wool $45,723,739 



Mohair and goat hair 267,864 



Milk, butter, and cheese 472,369,255 



1 Twelfth Census, Vol. V, pp. xxix, xxxii, and xxxvi. 

 8 Ibid., Vol. V, p. cxxi. 

 3 Ibid. 



78 



