74 Negro Migration 



has been published to date, is the Study of Farming in the 

 Yazoo-Mississippi Delta, previously referred to. In this 

 study it appeared: 



(a) That the income of the half share tenant is lower 

 but steadier and less liable to ruinous fluc tuations than that 

 of any of the other 'classes of farming population except 

 t hat'nf iahnre rs^ In t his resj >e ct they are muc h like laborers. 

 The number of failures among share tenants is very low. 

 The average~Tncome is $633 (^1913). Only 2.9 per cent 

 earned less than $100 and only 5.1 per cent earned over 

 $600. 



(b) That the income of the third and fourth renters 

 averaged $398, but 8 per cent of this class failed to make 

 as much as $100, and 19.2 per cent made over $600. 



(c) T hat the income of cash renters is still higher and 

 still more liable to fluctuation s. This class averaged $478 

 in income, but 9.8 per cent failed to make $100, while 28.2 

 per cent made more than $600. 



As the authors point out, "This difference is probably 

 influenced but not entirely accounted for by the size of 

 holdings." 



From the point of view of the landlord the factor of in- 

 come* is reversed. Hi s iricome from share tenant farms 

 yield ed, "on an average, 13.6 per cent on his inv estment. 

 Where the share tenant's income is less than $100, however, 

 the landlord's return was only about 3 per cent on his invest- 

 ment, but from share tenants with an income of over $1,000, 

 the landlord's yield was over 25 per cent. 



In the case of third and fourth men the landlord's average 

 return was 11.8 per cent, but in no case did it fall below 

 7.1 per cent or rise above 18.8 per cent. 



In the case of cash renters, the landlord's return is prac- 

 tically fi xed af6""br V per cent. The average is 6.6 per 

 cent, the low range 5.7 per cent, and the upper range 8 per 

 cent. 



