396 



APPENDIX 



ILLUSTRATION 74 



COMPARATIVE EFFECT ON NET PROFITS OF CROPS WHEN THEY 

 ARE FED TO HORSES AT COST AND AT MARKET PRICE 



CASE I (a) 



CORN THE ONLY CROP RAISED ON THE FARM 

 CHARGED TO HORSES AT COST PRICE 



Horses 



Corn fed at cost $100.00 



Other feed at market . . 210 . 00 

 Other upkeep expenses . 1 50 . 00 



(X) 



Horse Labor cost, to 

 Corn.. . $460.00 



$460.0.) 



Corn 



Horse Labor $460.00 



Other expenses of pro- 

 duction, harvesting, 

 etc 800.00 



Net gain for year 440.00 



$1,700.00 



Fed to horses at cost.. $100.00 

 Sold or fed to other an- 

 imals at market price 1 ,600 . 00 



$1,700.00 



