xvi TABLE OF CONTENTS 



PAGE 



D. DEPRECIATION OF STOCK AND EQUIPMENT 



93. Depreciation of Farm Machinery. F. W. Peck .... 300 



94. Waste of Capital Invested in Farm Machinery. E. M. D. 

 Bracker 302 



95. Depreciation of Live Stock. W. J. SpUlman 304 



HE ACCUMULATION AND CONSERVATION OF CAPITAL 



06. The Service of Capital and the Means of Securing It. T. N. 



Carver 306 



97. Rural Thrift and the Capital Fund 307 



98. The R61e of Insurance 309 







VI. ORGANIZATION AND MANAGEMENT OF THE 

 AGRICULTURAL ENTERPRISE 



INTRODUCTION 310 



A. THE MEANING OF ECONOMIC ORGANIZATION 



99. The Function of the Organizer. Frank A. Fetter . . . 314 



100. Diminishing Returns from Each of the Factors of Produc- 

 tion. T. N. Carver 319 



101. The Industrial Law of Diminishing Returns. F. M. Taylor 325 



B. CHOICE OF LOCATION AND ENTERPRISE 



102. Specialization and Efficiency. M . B. Waite 328 



103. Economic Considerations in Crop Selection. H. C. Taylor 329 



104. Determining the Adaptability of Enterprises. W. J. Spillman 332 



C. ECONOMICAL COMBINATIONS OF THE FACTORS 



105. How Much Land ? M. B. Waite 336 



* 106. Factors Determining the Size of the Farm. W. J. SpUlman 337 



107. Apportioning the Factors of Production. E. Davenport . 338 



D. LARGE- vs. SMALL-SCALE PRODUCTION 



/ 108. The Passing of the Big Farm 



o) The Break-Up of the Plantation. United Stales Census 343 

 6) The Failure of " Bonanza " Farming. Henry F. Blanchard 344 



109. The Little Farm Well Tilled. Bolton Hall 345 



1 10. The Size of Farms as Related to Profits. G. F. Warren and 



K. C. Livermore 346 



E. SOME PROBLEMS OF THE FARM MANAGER 



in. The Farm Layout. W. M. Hays 349 



112. Effective Organization of the Working Force. W. J. 



SpUlman 351 



