June, 1940] Farm Management in Colebrook 7 



Income 



The total returns for capital and the operator's labor and manage- 

 ment including unpaid family labor averaged $580 per farm. Assum- 

 ing a return of five per cent on the estimated capital investment, 

 the interest would amount to $394, leaving $186 for returns for fam- 

 ily labor and management. 1934 was one of several bad years in the 

 last decade for the farmers of this section. 



Table I. — Summary of farm business on 38 farms (November 1, 1933, 



to October 31, 1934) 



Average per farm 

 Dollars 



Capital investment; 



Real estate 4456.58 



Livestock 1313.17 



Machinery 1034.07 



teed and supplies 1074.96 



Total capital 7878.78 



Receipts : 



Milk 1500.97 



hggs 61.74 



Livestock and meat 293.55 



Feed crops 16.35 



Potatoes and other crops (sold and inventoried) 311.45 



Forest products 116.61 



Miscellaneous 300.92 



Total 2601.59 



Expenses : 



Hired labor 295.19 



Feed 588.78 



Livestock purchases 70.33 



Seed, fertilizer, etc 199.80 



Truck, tractor expenses, gasoline, etc 127.12 



Machinery 71.57 



Buildings and fences 49.40 



Taxes 158.28 



Insurance 39.77 



Miscellaneous 164.75 



Decrease in inventory 176.96 



Depreciation of buildings 80.08 



Total 2022.03 



Farm income 579.56 



Interest on investment at 5% 393.91 



Labor income 185.65 



