564 FARM MANAGEMENT 



balanced. Occasionally too much is invested in buildings 

 or machinery or too many horses or men are kept, or any 

 one of a hundred other factors may be wrong. These 

 mistakes are not so often made by experienced farmers but 

 are nearly always made by persons who go from city to 

 country. 



Of course the highest profits are made when size, 

 diversity, and good production are combined with a well- 

 balanced business in every other respect. But if the first 

 four points are good a mistake in having an extra horse 

 or man will still leave a profitable farm, although not as 

 profitable as it might have been. 



No matter how profitable a farm may be a farmer will 

 not prosper if the family expenses are out of proportion to 

 the income. Very often the farmer who runs the most 

 successful farm fails to accumulate money as rapidly as a 

 less successful farmer who saves all he gets. Failure to 

 accumulate money may be due to poor farming, too ex- 

 pensive living, sickness, or other misfortune. Failures 

 from all these causes are usually confused. In fact the 

 personal factor so confuses some persons that they at- 

 tribute all success to the man. The success of a farm is 

 primarily dependent on the factors enumerated above. 

 But success of an individual is primarily dependent on 

 the relation of his income to his family expense. The 

 highest financial success comes when a well-balanced^ suc- 

 cessful farm is combined with economy in living. 



REFERENCES 



Many of the farms that have been written up in various maga- 

 zines and bulletins are really not making much above in- 

 terest on the capital invested. 



A number of profitable farms, also farms that are doing well with 

 small capital, are given in Bulletin 295, pages 510 to 536 



