658 



AGRICULTURAL ECONOMICS 



The situation is reversed as regards the interest on the landlord's 

 investment. The rate on share croppers' holdings was nearly three 

 times as great where the yield was a bale or more as where it was 



TCNAKTS 

 LABOR 

 INCOME 



SHARE CROPPERS 



SHARE RENTERS 



CASH RENTERS 



TENANTS 

 LABOR 

 INCOME 



$1200 

 1 100 

 MOO 

 900 

 800 

 700 

 600 

 500 

 (00 

 300 

 200 

 100 



i 



m 



m 



t 





1200 

 1100 

 100 

 900 

 900 



wo 



600 



500 



too 



300 

 200 

 IQD 



YIELD OF 

 COTTON 

 ER ACRE 



UNDER .6 TO .8 TO I BALE 

 6 BALE .8 BALE I BALE ft OVER 



UNDER .6 TO .8 TO I BALE 

 BALE .8 BALE I BALE &OVER 



UNDER .6 TO 8 TO I BALE 

 .6 BALE .8 BALE I BALE &OVER 



YIELD OF 

 COTTON 

 PER ACRE 



FIG. 4. Tenants' labor income in relation to yield of cotton per acre 



FIG. 5. Rate of interest on landlords' investment in relation to yield of 

 cotton per acre. 



under o . 6 of a bale, on share renters' holdings it was one and three- 

 fourths times as great and on cash renters' it was about one and one- 

 fifth times as great. Thus the landlord gains a great deal more by 



