520 



BUSINESS MANAGEMENT 



The difference where revenue is greater than operating charges 

 is farm income. If the reverse is true, the difference is farm loss. 



To find the labor income, subtract from the farm income the 

 interest on the investment at five per cent, and we have the amount 

 which the owner has secured as his return for his labor in manag- 

 ing the farm. 



Find the difference and add or subtract the increase or decrease 

 in inventory value as discussed on page 516. 



FIG. 217. A typical plan showing layout of a poultry farm. 



Farm Income, as above used, represents the amount of money 

 earned by the farm after all expenses are met, except the salary of 

 the owner and the interest on the investment. 



Labor Income, as used above, designates the amount of money 

 earned by the farm after all expenses are met, including the interest 

 on the investment and excepting the salary of the owner. 



A Typical Poultry Farm Management Survey. Now that we 

 have a somewhat definite idea of what the management survey 

 should include, let us study a typical survey, showing actual figures 



