280 



AGRICULTURAL ECONOMICS 

 TABLE VII Continued 



More significant than comparisons between states, divisions, and 

 sections, with respect to the total value of farm property, are com- 

 parisons of the average value of farm property per acre of land in 

 farms. In making such comparisons, however, it should be borne in 

 mind that they are made on the basis of all land in farms and not of 

 improved land in farms, so that those sections and states in which 

 improved land constitutes the greater proportion of all land in farms 

 will for the most part show the greatest value per acre of land in 

 farms. Table VIII shows, for each geographic division and section, 

 the average value of farm property of these three classes per acre of 

 land in farms, together with amounts and percentages of change 

 between 1900 and 1910. 



The several divisions differ much more widely in average value of 

 buildings per acre of land in farms than in average value of land alone 

 per acre, the amounts for the former item ranging in 1910 from $2.44 

 in the West South Central and Mountain to $22.70 in the Middle 

 Atlantic division. The three northeastern divisions, the New Eng- 

 land, Middle Atlantic, and East North Central, reported a much 

 higher value of buildings per acre of farm land than any of the others. 

 There is also a wide diversity in the average value of implements and 

 machinery per acre of land in farms; it ranged in 1910 from $0.71 

 in the West South Central division to $3.88 in the Middle Atlantic. 

 Here, again, the three northeastern divisions ranked very much 

 higher than the others, because of the high percentage of farm land 

 improved and the more advanced and intensive methods used in the 

 cultivation of the land, requiring a larger relative outlay for modern 



