70 



FARM MANAGEMENT 



some farmers who fail to make a profit. In regions not so 

 well adapted to the product, some farmers may have the 

 business so well organized as to make a profit, but the 

 same effort would make a much greater success if ex- 

 pended under better conditions. 



This idea is illustrated in Fig. 17. If each dot on the left 

 of the vertical line represents a farmer who is producing 



LOSS 



* * *. 



vVXtt 



* 



PROFIT 



v .Jowa 

 MY 



AUss. 



FIG. 17. Diagram showing comparative chances of making a profit on 

 pork production on grain feed in different states. Each dot on the left- 

 hand side of the line represents a farmer who would lose by producing 

 pork, and each dot on the right-hand side represents a farmer making a 

 profit. 



hogs at a loss, and each dot on the right-hand side of the 

 line represents one who is producing them at a profit, 

 we will have a distribution somewhat as shown in the 

 figure. In Iowa most of the farmers make a profit on 

 hogs. If the business is well handled, it may give a very 

 large profit ; if poorly done, it may still pay ; but if too 

 badly managed, it is possible to lose on the business. 

 In Ohio, with higher-priced corn, the highest profits 

 are lower and the danger of losing is much greater. In 

 New York it is very difficult to make a profit on hogs that 

 are raised on grain. In Massachusetts it is probably 



