652 AGRICULTURAL ECONOMICS 



Our laws and customs of tenantry which even permit, let alone 

 causing, such an extensive fluctuation in farm occupation each year 

 are a serious national economic weakness. They are a brake on the 

 wheels of farm progress, they are a dead load which the nation as a 

 whole must bear without any rhyme or reason. It is mighty poor 

 business, to say the least. 



207. RESULTS UNDER DIFFERENT TYPES OF LEASE 1 

 BY O. G. LLOYD 



Cash rented farms have the largest acreage, the highest value of 

 work horses and tools per acre, and an amount of man labor per acre 

 equal to that used on stock-share and share-cash rented farms. This 

 combination is more profitable than that used on any other type of 

 rented farms. It is probable that all leased farms, especially those 

 rented for share-cash and by the bushel, would be more profitable if 

 the business were larger, and if the size of the farm and the horse, 

 tools, and man labor per acre were increased. 



There is a conflict of interest between the share landlord and the 

 share tenant with respect to the amount of horse, tools, and man 

 labor that should be applied to each acre. The rent received by the 

 share landlord varies with the amount of labor used on each acre. 

 Double the labor per acre at the expense of the share tenant and the 

 landlord's rent is increased while the tenant's expense may exceed 

 the value of his share of the product. The cash tenant on the other 

 hand applies labor liberally to each acre, since he gets the entire 

 product before paying the rent, while the share tenant will stop before 

 the cost of labor equals the value of his share instead of the total 

 value of the product. 



The most livestock is kept and the highest yields of corn are 

 obtained on stock-share rented farms. 



Better use is made of manure if handled by a manure spreader, 



and eight out of every ten stock-share rented farms have them while 



no.ie is jv ne l ( n t e ushel-rented farms. When only about 16 per 



c t of the receipts come fro n the sale of crops, mo>t of what is 



aised on the place is fed. This is what is done on stock-share farms, 



.vhile on bushel-rented farms there were less than 7 animal units to 



very 100 acres, the yield of corn was 41 bushels per acre, and more 



iian 92 per cent of the receipts were derived from the sale of grain. 



1 Adapted from Bulletin 159, Iowa Experiment Station, pp. 165, 179-84. 



