June, 1940] Farm Management in Colebrook 33 



account method are usable in actual practice in determining the best 

 combination, and because the problem is so complex, one of the most 

 satisfactory methods of analysis is to approximate the best com- 

 bination. Then by a budgeting procedure the efifect of changes in 

 the enterprises can be tested. For this type of analysis considerable 

 account data are greatly needed. 



A typical one-man farm under present conditions in the area would 

 have 10 cows, five head of young stock, two horses, 35 acres of hay, 

 three acres of oats and two acres of potatoes. Based on normal 

 prices and normal yields expected for the region, the financial sit- 

 uation would be approximatel}" as follows: 



Revised Plan 



(Expanding potato acreage from 2 to 4 acres) 

 Sales 



Crop of potatoes, 4 acres, 1000 bu. @ $ .60 $600 



Milk sales, 10 cows, 45,000 lbs. @ $2.00 $900 



Livestock sales 40 



Work off the farm 40 



Wood sold 30 



Total sales $1610 



Cash expenses 



Taxes $100 



Grain, feed 300 



Other materials, etc. 200 

 Additional fertilizer for 



hay land 30 



Seed, spray, equipment 100 



Miscellaneous 125 



Hired labor 175 1030 



Net returns for land, capital and family labor, $580 



An increase of potatoes from two to four acres w^ould involve a 

 reduction of two acres of hay. Substitution of potatoes for hay will 

 in any one year result in the reduction of total yields of hay and this 

 mav mean curtailment of the dairy enterprise. HoAvever, on a long- 



