June, 1940] 



Budget Analysis of Orchards 



19 



Thousand Dollars 



10 13 20 25 30 35 40 



Age of Trees 



45 



50 55 60 



Figure 15. — Annual Net Returns Per 1000 Trees Accumulated 



AND Compounded at 5% Interest for Combinations of Early and 



Late Bearing with High and Low Costs. 



Thousand Dollars 



-T- 



-T- 



I , ,coao SITE * 



oooosirr. / / "'«"^^ 



LOWCOST / / 



/ / STANDARD 



10 



2C 



40 



45 



50 55 



60 



25 30 35 



Age of Trees 

 Figure 16. — Annual Net Returns Per 1000 Trees Accumulated 

 AND Compounded at 5% Interest for Combinations of High and 

 Low Yields with High and Low Costs. 



If it were possible to trace the financial history of the orchards of New 

 Hampshire all these situations would be found. Most of the orchards 

 have represented the favorable combinations, but a few with unfavor- 

 able combinations have brought tragedy to the owners. Often this has 

 resulted from a chance combination of unfavorable circumstances and 

 the result does not necessarily reflect on the business ability of the oper- 

 ator. Research and knowledge at the time of planting had not developed 

 to the point of guiding the orchardist. Trial and error brought disaster 

 to a few. The purpose of the curves in figures 15 and 16 is to point out 

 roughly by budget analysis the need for a careful inventory of the situa- 

 tion and careful planning in the operation of the orchard before ven- 

 turing to set out a large block of trees. And on the other hand, the 

 curves should stimulate men to consider the possibilities of fruit grow- 

 ing under favorable conditions. 



