6 TIM KLY HINT 93 



FOR THE YEAR 1910 



Labor hired for haying and making settling rcscrv 7 oir ; men 41 days extra 



team, 2V 2 days $ 76.69 



Labor of proprietor and family, 64 days, of team 23 l /2 days not charged 



Water, 15 irrigations, 55^4 head hours, dues 75c 56.00 



Baling, 62.93 tons at $2.50 157.06 



Miscellaneous: Stack cover, $33-15; taxes, $19.65., etc 56.12 



Bad debt, not collected 15.00 



bales of hay : 



64.46 tons at $13.00 $839.74 



Pasturage 16.50 



Small farmer's profit in wages and returns on investment 495.37 



$856.24 $856.24 



The investor's profit, hiring all teams and labor, but not deducting 

 interest on $2100 invested in land and tools, would have been $301.05, 

 or 14.3 per cent on the investment. 



FOR THE YEAR 1911 



Labor hired for haying and making reservoir ; men 38 days, extra 



team 4 days .' $ 84.80 



Labor of proprietor on crop, 79 days, team 23 ^ days, not charged 



Water, 16 irrigations 58.88 



Baling, 62.6 tons at $2.50 156.62 



Taxes and incidentals 22.45 



Interest on loan to carry crop 15.00 



Sales of hay : 



57.345 tons at $15.00 $ 860.17 



Miscellaneous sales 123.95 



Pasturage 20.00 



Small farmer's profit for labor, and returns on investment of 

 about $2300 in 7.93 acres of land, team and machinery 666.37 



$1,004.12 $1,004.12 



The investor's profit, hiring all labor and teams, but not deducting 

 interest on $2300 invested, would have been $444.90, which is 19.3 per 

 cent on the investment. 



Cost of producing one ton of baled hay: Working somewhat expen- 

 sively, on a small scale and without improved hay stacking machinery, 

 the costs of making a ton of baled hay, not including interest charges 

 on the investment, were as follows : 



1909 1910 1911 



Water $ .77 $ .78 $ .86 



Weed control 61 .52 .68 



All other labor haying, irrigation and miscellaneous 4.00 3.26 3.78 



Baling, by contract 2.50 2.50 2.50 



Incidentals .48 .46 .05 



Total costs $3.36 $7.52 $7.87 



With more efficient haying machinery and closer management the 

 labor costs should be reduced to about $2.00 a ton, making the average 

 total cost of production about $6.00 per ton. With baled hay selling at 

 $11.00 to $15.00 a ton during a normal season, a liberal margin of 

 profit remains. 



