42 THE ECONOMICS OF FEEDING HORSES 



This is a high ratio, due to the fact that hay is 

 deficient in digestible fat. The large amount of crude 

 fibre in hay so adds to its bulk and lessens its *' avail- 

 ability" as to quite do away with this apparent value as 

 a highly concentrated food. 



The " fatty ratio " of hay is : 



F 0-58 1 . 

 N~ 7 ~12' 



By such an analysis, then, as the foregoing we are 

 enabled to estimate the actual and comparative values of 

 the foodstuffs open to our choice. 



