FACTORS OF SUCCESS IN FARMING 



58i 



can an owner who has only $3000. Any factor that enables the 

 farm operator to get control of more capital results in much larger 

 profits on the average. 



TABLE 3. RELATION OF CAPITAL TO PROFITS. 578 FARMS, 

 NORTHERN LIVINGSTON COUNTY, NEW YORK 



Capital 



Per Cent of 



Farmers Making 



Labor Incomes 



of over Siooo 



$5000 or less . 

 $5001^7500 . 

 $7 50 1 -$10,000 

 $10,00 1 -$15,000 

 $15,00 1 -$20,000 



$20,00I-$30,000 



Over $30,000 . 



16 



33 

 46 



5 1 

 50 



TABLE 4. RELATIVE OPPORTUNITIES WITH A GIVEN CAPITAL, 

 AS OWNER, PART OWNER, AND TENANT, NORTHERN LIVING- 

 STON COUNTY, NEW YORK 



The farmers with a given capital who have borrowed money so 

 as to enlarge their business are, on the average, doing better than 

 those who are not in debt. The results for one capital group in 

 Jefferson County are given in Table 5. The farmers who were 



