THE YOUNG FARMER 



snug labor income. Such results are 

 possible and are appropriate ideals for 

 which to strive, but are not safe as estimates 

 on which to do business. 



The year books of the United States De- 

 partment of Agriculture contain the annual 

 estimate of the yields, and the average De- 

 cember farm price of staple crops by states. 

 These figures may serve as a basis for mak- 

 ing estimates. If the natural conditions are 

 about the average stated, one may properly 

 assume that he can obtain an increase of 

 50%. He may even hope to double the yield, 

 although it is not safe to assume such an in- 

 crease in making an estimate of profits. If 

 the natural conditions are more favorable or 

 less favorable than the average, he must take 

 the fact into consideration in his estimates. 

 In the same way he may consider whether 

 the average December farm price represents 

 fairly his expectation of the price, or 

 whether because of favorable location or 

 superior quality of the article purchased he 

 can expect higher remuneration. 



It is here assumed that the young farmer 

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