THE YOUNG FARMER 



items have been inventoried which are to be 

 carried over each year from the preceding 

 year. In the case of seeds the amount 

 required must be deducted from the amount 

 sold, or they must appear as a charge in the 

 expense account. Ordinarily they are car- 

 ried over from year to year and thus become 

 a part of the permanent investment. Since 

 on the farm under consideration there is a 

 considerable monthly income from the sale 

 of butter fat and eggs, it may be possible 

 that no allowance will be needed in the 

 inventory for current expenses, although it 

 is always desirable to carry a bank account 

 in order to be able to make favorable pur- 

 chases when opportunity offers. 



As a part of the work in a course in farm 

 management, the writer asked each student 

 to secure the financial history of an actual 

 farm covering a period of three years. The 

 financial history of 30 farms during the 

 years 1901 to 1903, inclusive, and 28 farms 

 during the years 1902-1904, inclusive, was 

 thus obtained and is given herewith. 

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