Appenrlix Table IV L. Landlord-Tenant Division of Unshared 



Expenses and of Net Income, Representative Farm 



72 cows, 3 men 



UNSHARED EXPENSES Percent Dollars 



Landlord's contribution: 



Cash expenses borne entirely by landlord^ 2,387 



Depreciation (— flOO. auto) 3,811 



4% interest on capital (—$500. auto) 2 3,570 



Total unshared 56 9,768 



Operator's contribution: 



Cash expenses borne entirely by operator^ 5,225 



Operator's labor 2,400 



Total unshared 44 7,625 



INCOME 



Division of income: 



Net cash income 10,856 

 Share of each party* 



Landlord 6,079 



Operator 4,777 



Operator's living allowance 1,800 



Remainder of net income for savings 2,977 



Division of income (with 10% higher prices received): 



Net cash income 14,187 

 Share of each party^ 



Landlord 7,945 



Operator 6,242 



Operator's living allowance 1,800 



Remaining for savings 4,442 



1 Taxes, building and fence repairs, insurance on buildings and cattle. 



2 Buildings and equipment at V2 new price. 

 2 Auto, hired labor. 



^ In same proportion as the total umshared contribution of each. 



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