ORGANIZATION OF AGRICULTURAL ENTERPRISE 25 



11. Does the choice of location come next in importance? Are 

 these two questions separate or more or less bound up together? 

 Explain and illustrate. 



12. Will the amount and kind of land that the farm manager 

 chooses be determined solely by the kind of farming he likes best? 

 Does society have any way of telling him what it most needs him to 

 do ? How ? Does he always heed ? Can you trace any sequence of 

 results if he does or does not follow this line ? 



13. Are both the individual and society constrained to fit their 

 preferences to the sort of natural resources available ? Illustrate. 



14. Is the course of business enterprise also deflected by the num- 

 ber and character of laborers available? How does such a process 

 work itself out? 



15. Is the organization of the agricultural industry also modified 

 by such limiting factors as the scarcity of the capital fund or the 

 efficiency of capital-goods ? 



16. Show that this whole process is to be explained in terms of the 

 mutual adjustment and readjustment of the prices of products and 

 of the component cost-goods which enter into their production. 



17. Let us then go back to the fundamental proposition of chap- 

 ter i, viz., that the modern business farmer must take his place in a 

 commercial system organized upon a basis of price. In making his 

 decisions as organizer and manager as to what to produce and what 

 to use in producing it, is it his task to bring about wholesome relation- 

 ships among these various price-goods ? 



18. Is his own personal profit involved? How? Is the welfare 

 of others ? Explain. 



19. Can you illustrate these general propositions with reference 

 to the redirection of farm enterprise in the United States in connection 

 with the European war ? 



20. We are now in a position to view the problem of the proper 

 degree of intensity of cultivation more adequately. Is extensive agri- 

 culture characteristic of periods of cheap land? Why? Does the 

 speculative fever often lead men under such circumstances to buy 

 more land than they can work to the greatest advantage ? Why can 

 they not work it to advantage ? 



21. Under such circumstances what policy should be followed in 

 order to secure the greatest profit? Note here that there may 

 be two quite distinct questions involved, one as to the maximum 

 physical product and the other the price received from a crop of 

 given size. 



22. Show clearly the difference between the size of farm and the 

 size of farm business. Is the size of farms in the United States increas- 

 ing or decreasing ? Why ? What of the future ? 



