104 SECONDARY RESULTS 



By reducing the contents of this Table to similar form, 

 indicating the differences in numerical quantity without 

 reference to the character of the factors, it is possible to 

 show the variations in their total combination, and to make 

 some comparisons of the results. The amounts of the three 

 factors used by Farm A in the production of net output 

 are taken as the unit of comparison. 



TABLE XXXI 



I Landowner's Farmer's Total Net. 



Farm Capital. Capital. Labour. Combination. Output. 







1 1 1 3-0 1,000 



1-58 1-14 1-36 4-08 1,000 



1-15 1-86 1-44 4-45 1,000 



1-47 0-48 0-95 2-90 1,000 



1-75 2-81 0-82. 5-38 1,000 



On the whole Farm A gives the best result, for although 

 Farm D requires less of the total factors to produce the 

 amount of net output, it is almost certain that better results 

 would be obtainable on this farm if the farmer's capital 

 were slightly increased, for the capital equipment furnished 

 by the farmer is too low in proportion to the quality of 

 the land and the amount of labour used. On the other 

 hand, in the case of E the amount of labour might be 

 increased with advantageous results. B could probably be 

 better organized if a little more of labour and of farmer's 

 capital were applied to the land. But in the case of C, the 

 results would be better if the labour and farmer's capital 

 were spread over a little more land. 



With more numerous records it would almost certainly 

 be possible to estimate the best quantitative combination 

 of the factors of production on land of known character for 

 given systems of farming, and it would be quite easy to 

 assess the value-producing capacity (as shown by the value 

 of net output) of different combinations of land, labour, 

 and capital as used in different systems of farming. 



It should be added that throughout this study no atten- 

 tion has been paid to the quantity of food or other materials 

 produced, for it is assumed that under normal conditions 



