94 FARM MANAGEMENT 



represents an annual cost of about $5 per year. A change 

 of 10 cents per bushel in price of a 50-bushel yield of corn 

 will offset this. 



RELATION OF CAPITAL TO TYPE OF FARMING 



65. Adjustment of type of farming to capital. Some 

 types of farming call for much larger capital than others ; 

 some require that the money be invested for a long time ; 

 others bring quick returns. 



In Table 17 is shown how the farmers in the same region in 

 New York have adjusted their business to the amount of 

 capital. The farmers with little capital raise more crops 

 for sale and less animal products. Those with small 



TABLE 17. RELATION OF CAPITAL TO TYPE OF FARMING. 578 

 FARMS IN LIVINGSTON COUNTY, NEW YORK 



capital obtain only 27 per cent of their receipts from 

 animals ; those with larger capital obtain 57 per cent from 

 animals. With any given farm, the animals represent 

 added capital. As much or more machinery and horses 

 are required to run the farm with live-stock, and, in addi- 

 tion, the investment in stock, feed, and extra labor must 

 be considered. 



