PLANNING THE FARM BUSINESS 99 



production of tliree tons per acre was obtained. Mr. B uses comiuercial 

 fertilizer to obtain this iiigii yield. It will not be possible to maintain this 

 production of hay because the yields will tend to decline as the trees become 

 larger. 



The amounts of hay and silage consumed during the year as shown in Table 

 8 are approxunately the same as the production. If more stock were kept 

 it would be necessary to buy hay, or feed relatively more of some of the con- 

 centrated feeds. 



The earning power of the present organization is shown by the financial 

 statement in Table 9. This statement is based on the actual business record 

 for the calendar year 1929, witii one or two slight adjustments to allow for 

 inventory differences. Some variation from this record may be expected in 

 other years because of differences in j^roduction and prices. However, Mr. 

 B estunates that it is about what he can reasonably expect from his present 

 organization for several years to come. 



Taiu.?; 9. — FixANCiAi, Ketukxs fuoji Present Okgaxizatu)n — Fau.^i B. 



Receipts I 



Milk 88,113 lbs. @ S2.G0 S2292 



4 old cows Oj J^oO.nO 200 



4 heifers @ JpHO 440 



8 calves @ $7 5(i 



Broilers and fowls 293 



Eggs 2210 doz. @ $.40 884 



Ap})les, 1500 boxes 3022 



AA'ork off the farm 104 



Total Receipts 87291 



E.vpeuses 



Hired labor $582 



Grain for cattle 1300 



Horse grain 147 



Poultry feed 553 



Veterinary and medicine 23 



Other cattle expense 32 



Horsesiioeing 14 



Baby chicks 122 



Seeds - 32 



Fertilizer and lime 158 



Spray nuvterial G2 



Apple boxes 250 



Repairs 57 



Auto and truck registration, fuel and repairs 257 



Electricity 118 



Telephone 24 



Taxes 192 



Total Expenses :. 3923 



Net Return Above Expenses $3368 



