TYPES OF FARMING 



66. Relation of type of farming to profits with vary- 

 ing capital. The same farms give a good chance to 

 study the relation of the amount of live-stock to profits 

 with different amounts of capital. Table 18 shows that 

 in this neighborhood the farmers who have less than 

 $5000 capital make the largest profits if they derive 

 about four-fifths of their money from cash crops. But of 

 those who have over $15,000 capital, the ones who get 

 about one-third of their money from cash crops make 

 most. On the same farm, the type of farming that is 

 best with small capital may not be best when the money 

 increases. Farmers know this and increase both the 

 amount and quality of the live-stock as they get more 

 money. 



TABLE 18. SYSTEMS OF FARMING WITH DIFFERENT AMOUNTS 

 OF CAPITAL RELATED TO LABOR INCOMES. 578 FARMS 

 NORTHERN LIVINGSTON COUNTY, NEW YORK 



67. Period of investment. Perhaps the longest in- 

 vestment is in forest trees. Trees may pay a good rate 

 of interest, but the money is invested from 20 to 100 

 years. Evidently one who is very short of capital will 

 not want to invest much money or time in planting 



