CAPITAL-GOODS AS A FACTOR IN PRODUCTION 



285 



farms that have nearly three times as much machinery. Machinery 

 can be used more effectively on large farms. One mower, one hay 

 rake, one tedder, one hay loader, one corn harvester, one grain har- 

 vester, one grain drill, one manure spreader, one potato digger, one 



TABLE XXXIII 



SIZE or FARM RELATED TO HORSES. 

 OPERATED BY OWNERS 



586 FARMS 



potato planter, can do their work on a 25o-acre farm as readily as on a 

 small farm. Few of the small farms have half of these tools. If a 

 small farm does have nearly all the list, it cannot use them enough to 

 pay for the investment. The more efficient and numerous machines 

 become, the larger our farms should be. It is interesting to note how 

 many of the tools are of very recent development. Almost half the 

 value of farm machinery on a well-equipped farm is invested in 

 machinery that has been perfected in the last few years. 



In each of the groups the farmer's labor income is almost the same 

 as the value of his machinery. 



TABLE XXXIV 



SIZE OF FARM RELATED TO MACHINERY AND TOOLS 

 586 FARMS OPERATED BY OWNER 



