APPLES 391 



From Itbaca, Xew York these tables with reference to his own 



Income Per Acre. — The Information orchard. 



gathered on this point is displayed in two 

 tables. One shows the average gross in- 



Ayerage Gross Income Per Acre 



come per acre for each of the five years. 1902 $112.00 



The general average for the five-year 1903 129.00 



period is $109.20 per acre. This is $16 



1904 98.00 



. , , „ , 1905 103.00 



less per acre than was round for Orleans jgQg j^q^ qq 



county. The second classification shows 



how these incomes are distributed witk General average for the five-year 



reference to the number of orchards and 



period $109.20 



number of acres under each group. The M g Cummings 



grower will find it interesting to study Ithaca. N. Y. 



TWO FIVE HUIVDRED ACRE ORCHARDS IN WESTERN MICHIGAN 



The figures in the left hand column are based on returns from actual orchards 

 in first-class location, with good soil, and that have had expert care from the be- 

 ginning. 



The figures in the right hand column are based on ordinary location, average 

 soil, and on the ordinary or average care given many Michigan orchards today. 



Original InTCstment 



500 acres land (cleared) $ 21,000.00 $ 14,000.00 



Ten teams, utensils, harness, tools, etc 6,500.00 3,750.00 



Packing sheds to be built when orchard starts bearing 2,000.00 



Sheds and fences 1,750.00 750.00 



Trees and plantings of same • 8,250.00 5,000.00 



Total investment $ 39,500.00 $ 23,500.00 



First four years' operation — 1st period — income per 

 year on potatoes, beans and clover, alternating, 



average $ 8,500.00 $ 1,400.00 



Expenditures Per Tear 



Work on orchard, including clover plantings on best 



orchard, $4.50 $ 5,300.00 $ 1,610.00 



Taxes and insurance, depreciation, repairs, etc 1,250.00 650.00 



Overseeing and incidentals 1,500.00 750.00 



Total expenditures per year $ 8,050.00 $ 3,010.00 



Net income per year 450.00 *1,610.00 



Net income four years 1,800.00 *6,440.00 



Value of orchard end four years 62,500.00 30,000.00 



Total assets 64,300.00 23,560.00 



Less original investment 39,500.00 23,500.00 



Net profit four years $ 24,800.00 $ 60.00 



Net profit per year 6.200.00 15.00 



Interest on investment per year 16% 1-15 of 1% 



Next Tliree Tears' Operations 



Second period — fifth to seventh year. 



Income Per Tear 



1 case cherries per tree, $1.25 each per case $ 25,937.50 $ 



% case cherries per tree, 75c each per case 7,781.25 



1 bushel peaches per tree. $1.00 per bushel 20,750.00 



% bushel peaches per tree, 60c per bushel 6,225.00 



Total income per year $ 46,687.50 $ 14,006.25 



