TABLE OF CONTENTS 



Vage 



METHODS OF SURVEY 4 



LOCATION AND DESCRIPTION OF AREA 6 



GENERAL ECONOMIC CONDITIONS 11 



THE FARMS STUDIED 12 



LIVESTOCK 18 



FERTILITY PRACTICES 25 



FARM MACHINERY^ 28 



Gasoline Motors and Power 28 



BUILDING EQUIPMENT 31 



DEFINITIONS 34 



FINANCIAL SUMMARY' 37 



Capital 37 



Receipts 39 



Expenses ' 39 



Profits 41 



Tlie Significance of Labor Income 42 



Price Adjustments 44 



Tenant Farms 46 



BUSINESS ANiVLYSES 46 



Size of Farm Business 46 



Rates of Production of Crops and Animals 54 



Marketing Milk 60 



Labor Efficiency 66 



Balance of the Farm Business 73 



Miscellaneous Factors 76 



Summary of Business Analyses 81 



Size, Efficiency, Production and the Price of Milk 81 



COSTS AND RETURNS OF MILK PIfODUCTION 82 



Methods of Calculation 82 



Costs and Returns of Milk Production 86 



Significance of Cost Figures 87 



Cost of Milk Production and Labor Income 89 



Factors Influencing Cost of Milk Production 89 



EFI'TSCT OF FIVE SELECTED FACTORS ON LABOR INCOME 98 



CONCLUSIONS 99 



