FACTORS FOR SUCCESS IN DAIRY FARMING 



277 



238. Relation of Capital to Amount of Stock Kept. The 



amount of capital must also be considered in determining 

 how many cows to keep. Farmers who are short of capital 

 usually keep less stock than do those who have more capital. 



TAHLE 45. RELATION OF CAPITAL AND CASH CROPS TO PROFITS. 

 578 FARMS, LIVINGSTON COUNTY, NEW YORK 



Table 45 shows that with small capital those who depend 

 largely on cash crops make the most, while with larger 

 capital those who derive more of their money from live- 

 stock are doing best. The exact capital groups will vary 

 with different land values, but the principle is universal, that 

 one who is short of capital should keep less stock than one 

 who has more money. This is as one would expect. Live- 

 stock represents added capital after one has bought and 

 equipped his farm. If one is short of money, the absolutely 

 essential things are land, machinery, and horses. One may 

 get along without live-stock, but one cannot farm without 

 land and equipment. The majority of farmers understand 

 this principle. When they get more money, they increase 

 the amount and improve the quality of their live-stock. 



For the young man with small capital it often pays to 

 gradually work into pure-bred cattle. One can begin with 



