CAPITAL 



311 



capital of at least $2500 and be able to secure at least as 

 much more on credit before he changes from tenant to 

 owner, as $5000 seems to be the least capital on which one 

 is likely to succeed as an owner unless he rents additional 

 land. 



If a tenant is on a good farm, it will usually pay to 

 remain there until he has a chance to buy a good place. It 

 is better to rent a good farm than to own a poor one. Half 

 of the crop on good land is often more than the entire crop 

 on poor land. 



Similar figures for another county are given in Table 68. 

 Tenants with less than $1000 were doing no better than 



TABLE 68. RELATIVE OPPORTUNITIES WITH A GIVEN CAPITAL 

 AS OWNER, PART-OWNER, AND TENANT, NORTHERN LIVING- 

 STON COUNTY, NEW YORK 



hired-men. In this region, a tenant with this capital is 

 not prepared to work a good sized farm effectively. 



In some parts of the United States it may pay a man to 



