THE YOUNG FARMER 



unless there is a cash income from the sale 

 of products sufficient to care for the labor 

 bills. 



In the case of the farm under considera- 

 tion there is a young orchard of about one 

 thousand trees. This orchard is not bring- 

 ing in any income, but there is a constant 

 expenditure of money on it, and a constant 

 increase in its value. While, therefore, it 

 decreases the cash income it increases the 

 farm income and the labor income. On the 

 other hand, it increases the interest charges 

 because the plant or farm is increasing in 

 value. How much will it increase in value? 

 In some sections it is customary to consider 

 that an orchard increases in value $i per 

 tree per year. If this is a correct estimate, 

 this i,ooo-tree orchard will increase the 

 value of the farm $1,000 a year until it 

 comes into full bearing. The farm under 

 consideration was purchased two years ago 

 for $9,500. On the assumption just stated, 

 at the end of 15 years from date of purchase 

 this farm should be worth $25,000, at least 

 $15,000 of which will be due to a 3O-acre 

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