HOW TO ESTIMATE PROFITS 



related to the yard manure which will be 

 produced on the farm; therefore some esti- 

 mate of the probable amount is desirable. 

 In a roughly empirical way the amount of 

 manure produced may be estimated at twice 

 the amount of dry food and bedding used, 

 provided it is hauled daily to the field. 

 Where stored and drawn to the field at 

 stated periods, the shrinkage in weight, 

 although not necessarily in plant food, may 

 be as much as one-half. 



The estimate of what the inventory should 

 be at the beginning and end of the year is 

 not so simple a matter as it may at first seem 

 to be. The purpose of taking the inventory 

 is twofold : First, to determine whether the 

 inventory has increased or decreased, and 

 second, to determine on what amount of cap- 

 ital interest is to be calculated. For 

 example, one must carry forward each year 

 seed for the next year's crop. Feed must be 

 carried over to feed live stock until other 

 food becomes available, and there must be 

 money on hand with which to pay for labor 

 129 



