292 



FARM MANAGEMENT 



than $4000 capital has not made as much money as a 

 hired-man receives. Those with a capital of $10,000 are, 

 on the average, making very good profits. 



It has been suggested that the more able men have the 

 larger capitals, and that the results are due to the man 

 rather than to the amount of capital. But most of the 

 men who make successes in farming begin with small 

 capital ; there must be some able men beginning now. 

 As a matter of fact, there are many able men, both young 

 and old, who are farming with very little money. If the 

 question is one of the man, then these should be doing 

 well. Table 60 shows how many men with small capital 

 are making fair profits. 



TABLE 60. RELATION OF CAPITAL TO PROFITS. 615 FARMS 

 OPERATED BY OWNERS 



Of 36 farmers with capital of less than $2001, not one 

 made a labor income of $600. Of 236 who had less than 

 $4001 capital, not one made a labor income of $1000, and 

 only one made as much as $800. The possibilities of large 

 profits with so small a capital do not seem very bright. 



The possibilities of a large loss are also greater when 

 one has a large capital. It is almost impossible to make a 



