76 AGRICULTURAL EXPERIMENT STATION. [Jan. 



Valuation of Fodder Articles on the Folloiving Basis. 



• 



[Digestible cellulose and nitrogen-free extract matter, 1 cent per pound ; digestible 

 fat, 2^ cents per pound. The value of digestible protein determined the difference 

 of the sum of both and the market cost of the fodder articles. (Calculation is 

 based on dry matter, 2,000 pounds.)] 



• The value of the digestible cellulose, nitrogen-free extract matter and fat, on the 

 above basis, exceeds the market cost. 



Prices are apt to rise and to fall without any reference to 

 the agricultural value of the article in question. 



Names may remain the same, and in fact do remain in 

 some instances, while the composition of the article suffers 

 serious changes in consequence of changes in the parent 

 industry. 



Sales without due responsibility regarding the particular 

 quality of the goods delivered leaves the pecuniary risk 

 involved in the transaction in an objectionable degree on the 

 side of the buyer. 



Unaccountedfor variations in the composition of feed 

 stuffs must prove a serious obstacle in the desirable introduc- 

 tion of a 7'ational and economical systetn of stock feeding. 



