554 FARM MANAGEMENT 



AVERAGE CAPITAL INVESTED IN THE FARM BUSINESS 1 



1 In giving values of farm, machinery, live-stock, etc., give the value 

 at which it probably could be sold. The value of the farm at the end of 

 the year should be the same as at the beginning unless definite improve- 

 ments that add to its value have been made. Rise in value of real estate 

 is not counted, as the object is to study the system of farming, not real 

 estate speculation. Machinery includes wagons, harness, small tools, 

 and other equipment. Feed and supplies includes grain, hay, and other 

 feed on hand at the beginning of the year but not including products 

 held for sale. 



