560 FARM MANAGEMENT 



Expenses : 



Animals purchased (p. 557) $366 



Cash farm expenses (p. 558) 1675 



Other expenses not cash (p. 559) 261 



Decrease of capital l 



Total expenses $2302 



Income from capital and operators' labor $3069 



Interest on capital at 5% $1022 



Labor income $2047 



1 See note 2 on page 559. 



FACTORS 



By comparing different farms in the same region, one 

 may see how they differ and if enough farms are compared, 

 may learn how the most successful farms differ from the less 

 successful ones. Any one can fill out a blank like the pre- 

 ceding for his farm. If accounts are not kept, the receipts 

 and expenses may be given as nearly as possible. The 

 errors will not be so serious as to interfere with comparing 

 the efficiency of the farm with other farms. The following 

 factors aid in making such a comparison of farms. The re- 

 gion for which factors are given is a very prosperous region. 



The success of this farm is primarily due to the good 

 crop yields, the diversity of the business, the fairly large 

 acreage of crops, good production per cow, and efficient 

 use of man labor. 



The farmer went to district school until he was 18 years 

 old, hired out by the month until he was 22, then rented his 

 father's farm of 145 acres on shares for 8 years. He then 

 bought this farm and has been on it 14 years. He has a 

 neat, well-kept farm with good buildings, has put steam 

 heat, acetylene light, bath room, and running water in the 

 house, and has the farm nearly paid for. 



