CAPITAL 



291 



TABLE 58. AVERAGE VALUE OF FARM PROPERTY PER FARM 

 IN THE UNITED STATES 



per cent are mortgaged. Only 36 per cent of the farmers 

 own all the land that they operate and are free from 

 mortgage. Rented land, mortgages, notes, and buying on 

 time are different ways of trying to increase the capital 

 available for use. 



The fact that so large a proportion of the farmers 

 secure additional capital by some means is an indication 

 of how important farmers consider the capital to be. 



Studies of profits made by farmers show the same results. 

 In one county, in New York, the average owner with less 



TABLE 59. RELATION OF CAPITAL TO PROFITS. 615 FARMS 

 OPERATED BY OWNERS, TOMPKINS COUNTY, NEW YORK 



