THE INDUSTRIAL FARM 45 



for a period in which the farms were in full working 

 order ; in some of the earlier years when the land was 

 being got into shape the profits were much less than are 

 here set out. Different as are the conditions prevailing 

 and the intensity of farming in the several enterprises, 

 they do provide one common basis from which the 

 results of industrial farming on a large scale may be 

 estimated. The figures given may be recalculated as 

 under, to show the total earnings per annum for each 

 man employed, using total earnings in the sense of the 

 net proceeds per man, out of which his wages, manage- 

 ment expenses, interest on capital and profits have to 

 be paid : 



Farm 1. — Per 100 acres. £ s. d. 



Wages : i\ men x 52 weeks X 15s. 2d. = 98 n 8 

 Gross profit, 18. 1 psr cent, on £8.8 per acre = 152 o 10 



£250 12 6 

 -i- 2\ = £100.6 per man per annum. 



Calculating by the same method we obtain for Farm 

 2, £97 per man per annum ; for Farm 3, £97 ; for Farm 

 4, £91 ; for Farm 5, £120 ; for Farm 6, £99 per man 

 per annum. 



It will be seen that the figure for total earnings per 

 man per annum com^s out to a sum which is about 

 the same in each of the six businesses : approxi- 

 mately £100, and is independent of the style of farm- 

 ing followed or the number of men employed upon 

 a given area. This provides a means of estimating 

 the probable earnings of a large industrialized farm. 

 Assuming that an area of 5,000 acres can be obtained 



