94 



AGRICULTURAL ECONOMICS 



The average value of farm buildings was $7.20 per acre, that of 

 implements and machinery $1.44, and that of live stock $5.60 

 per acre, a total of $14.24 per acre for these equipments. The 

 feeds, seeds, and other supplies on hand were not given, but 

 the equipments given represent 30.5 per cent of the total in- 

 vestment shown in the census, and it is believed that when 

 supplies are added for April 15, the equipment will equal at 

 least one-third the total farm investment of the country. 



The average value of each class of farm property per acre 

 of land in farms is shown in the following table : 



TABLE II 



AVERAGE VALUE PER ACRE OF FARM PROPERTY 

 April 15, 1910 



From this table it will be seen that buildings and machinery 

 are very much more important in the North than in the South, 

 and in the East than in the West. These differences are due 

 to differences in climate, type of farming, and the standard 

 of living of those who live on farms. While the above table 

 is useful in making comparisons with respect to the amount 

 invested per acre in the different parts of the United States, 

 the following table, showing the percentage distribution of 

 value of farm property, is more useful in comparing the relative 

 importance of each class of investments. 



