294 AGRICULTURAL ECONOMICS 



owns 12 certain cows and the landlord 12 other certain cows is 

 sure to give rise to trouble. There should be a description of 

 all partnership property possessed at the time the contract takes 

 effect, and an agreement as to the number of cows to be kept, 

 the number of pigs reared, etc. 



At the beginning of the tenancy the stock which each party 

 wishes to put into the partnership should be carefully appraised 

 and the difference in value settled in cash. This means that 

 the landlord buys a half interest in the tenant's cows, hogs, 

 chickens, etc., and the tenant buys a half interest in the cows, 

 hogs, chickens, etc., placed on the farm by the landlord. 



Where the landlord furnishes all of the cows, provision must 

 be made for maintaining the herd by replacing old cows with 

 young ones produced upon the farm. The money received for 

 the cow sold is divided and the young cow reared by the tenant 

 becomes the property of the landlord. 



Description of property furnished by tenant. It is the most 

 common practice for the tenant to furnish the teams, tools, 

 and machinery. The income of the landlord is influenced by 

 the character of these equipments. Hence there should be a 

 written agreement as to how many horses are to be kept and 

 the kinds of tools and machinery to be used. Especial care 

 should be taken to have an understanding regarding the manure 

 spreader, the silage cutter, the cream separator and any other 

 equipments which may be needed on the farm but which are 

 not commonly found in the tenant's outfit. 



Description of labor to be employed upon the farm. It has 

 always been the rule to have in the lease a careful descrip- 

 tion of the land. In share tenancy it is equally important 

 to have a careful description of the labor supply to be fur- 

 nished by the tenant. Where land is let on the land-and-stock 

 share system it is common to speak of the arrangement as a 

 partnership in which the labor balances the land. It is obvious, 

 therefore, that some more or less definite amount and quality of 

 labor should be agreed upon. This agreement is desirable for 

 the reason that the interest of the landlord leads him to desire 

 a large amount of labor on his land, whereas the interest of the 



