4. Cost of Alterations 



Alterations to the milk house for 

 the installation of the tank were fre- 

 quently unnecessary or slight. Data 



on the additional costs to producers 

 for the conversion show that, for the 

 majority, the costs other than the 

 price of the tank were less than $350. 



Table 13. Percentage Distribution of Farms by Their Actual Cost 



of Change-over from Can to Tank Cooling, Exclusive 



of the Cost of the Farm Tank 



5. Disposal of Cooler 



There was little return from the 

 sale of can coolers after their replace- 

 ment by tanks. Some machinery 

 dealers had given a trade-in allow- 

 ance up to $75.00 for the old cooler 

 while some producers kept them for 

 water troughs or dismantled them 

 for parts. 



Table 14. Methods of Disposal 

 of Can Coolers 



Kept on farm 

 Traded in on tank 

 Junked 

 Sold 



Percent 



20 



60 



7 



13 



6. 



Financing of Tank 



The purchase of the tank may have 

 been for cash or, as, in most cases, 

 financed by installment payments. 

 Support for producers to borrow was 

 provided by some dealers by co-sign- 

 ing notes at the bank. The sources 

 of credit were varied and in general 



were spread over a period of five 

 years. The sources of payment were 

 as follows: 



Table 15. Source of Payment or 

 Credit for Farm Tank 



For the majority of transactions 

 based on selective credit, the interest 

 rate was 6 percent per annum on the 

 unpaid balance. 



7. Change in Herd Size 



Any change in herd size which 

 occurred since the adoption of a farm 

 tank may or may not be attributable 

 to the tank. Between 1950 and 1954, 



18 



