HOW TO ESTIMATE PROFITS 



to live and rear a family than in the open 

 country when the conditions are what they 

 should be and may be. I believe, however, 

 it is well to insist that it costs something to 

 live in the country as well as in the city if 

 one lives as well as every farmer has a right 

 to expect to live. 



Let us now consider the steps necessary 

 in order to arrive at a fair estimate of the 

 labor income. To make the matter con- 

 crete, we will assume a farm of 200 acres 

 worth $60 an acre located in central Penn- 

 sylvania on a limestone clay loam soil over 

 1,000 feet above sea level. This farm is to 

 contain 20 acres of timber, a 3o-acre apple 

 orchard two years old, 40 acres of pasture, 

 96 acres of cultivated land divided into six 

 i6-acre fields. The rest of the 200 acres 

 consists of small yards, roadways and waste 

 land. One-half of each of the six i6-acre 

 fields is to consist of a rotation of maize, oats 

 and wheat, each one year, and hay three 

 years, the latter clover and timothy followed 

 by timothy. The other half is to consist of 

 maize, barley, followed by alfalfa four 

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