^40 



days of work done, number of men kept, amount of capital invested, num- 

 ber of cows or other animals kept, number of work animals, number of 

 acres of lan'd, or acres of crops grown. So long as we are dealing with fairly 

 uniform conditions, each of these comparisons will give about the same 

 results, as an average of large numbers. But when a particular farm is 

 considered, it may be placed in a different class when the method of sorting 

 is changed. 



Relation of Capital to Profits. — Tables 3, 4, 5 and 6 show the relation 

 of capital to profits. The farmers in either of these counties who do not 

 have a capital of at least $5000, are not doing as well as hired men. In 

 Tompkins County over one-third of the farmers had less than $4000 

 capital, but not one of these made a labor income of $1000. About two- 

 fifths of the men with $10,000 capital made over $1000 labor income. 

 The figures for all the other regions show the same results. 



Table 3. — Relation of Capital to Profits. 

 615 farms operated by owners, Tompkins County, New York. 



Number of Average 



Capital. farms. labor income. 



$2,000 or less 36 $192 



2,001- 4,000 200 240 



4,001- 6,000 183 399 



6,001- 8,000 94 530 



8,001-10,000 45 639 



10,001-15,000 44 870 



Over 15,000 13 1,164 



Table 4. — Relation of Capital to Profits. 



615 farms operated by owners. Per cent of the 



farmers making 

 Number of labor incomes 



Capital. farmers. of over $1000. 



$2,000 or less 36 . 



2,001- 4,000 200 



4,001- 6,000 183 8 



6,001-8,000 94 14 



8,001-10,000 45 22 



10,001-15,000 44 32 



Over 15,000 13 46 



Table 5. — Capital Related to Labor Income. 

 578 farms, Northern Livingston County, New York. 



Number of Average 



Capital. farms. labor income. 



$5,000 or less 87 $291 



5,001- 7,500 80 407 



7,501-10,000 112 480 



10,001-15,000 164 769 



15,001-20,000 62 1,001 



20,001-30,000 55 1,062 



Over 30,000 18 1,691 



