SUCCESS IN HIGH FARMING ^;^ 



on capital. There are no restrictions ; and apparently- 

 only a very moderate reduction in rent.^ 



Another farm, two-thirds arable, in Mid Norfolk, has 

 yielded for seven years about 3 per cent, on capital.^ 



A farm in South-west Norfolk described as a " fair 

 average," two-thirds arable, gives 3^ to 4 per cent, on 

 capital. 



Mr Johnson, of I x worth, says that on mixed soils, 

 adapted for stock and vegetables, some Suffolk farmers 

 make ends meet at reduced rents. 



Mr Riley gives in the Wolds of Yorkshire striking 

 instances of very high farming, command of capital, and 

 keeping up of first-class stock, enabling energetic and 

 capable men, by the splendid condition of their land, to get 

 through bad years. They will succeed unless over-rented. 



Similarly in Northumberland, Mr Wilson Fox infers, 

 from the information supplied him, that the comparative 

 prosperity of farmers was due to the fact that " the 

 majority of them are farming on a large scale, and have 

 had capital ; that the land has for many years been ex- 

 ceedingly well farmed, and hence is more able to bear 

 economies practised in labour, manure, and feeding 

 stuffs ; and that, when the depression just began to show 

 itself, liberal permanent reductions were made in rents." 

 And it is important to note that the high condition of 

 the land in many districts of this county is directly 

 attributed to the encouragement given to continuous 

 good farming by long and favourable leases. 



Mr Wilson Fox in North Lancashire gives strik- 

 ing instances of farming success : 



Thus on a farm of 245 acres in the Fylde, three- 

 fourths arable, rented at 28s an acre, an energetic farmer, 

 who keeps accounts, estimates his expenditure before- 

 hand under every head, and has spent in labour nearly 

 twice, and manures and cake nearly three times his rent, 

 has made a net profit of 12s an acre, after paying him- 

 self 5 per cent, interest on his capital — about ;^I2 an 

 acre. And all this on the four-course system.^ 



' Rew, Norfolk, p. 25, and App. E. i. ^ Rew, Norfolk, App. E,, 4. 



^Wilson Fox, Garstang, Appendix. C. i. 



C 



