24 THE NEW BUSINESS OF FARMING 



who have an investment of $15,000.00 we find 

 that forty-six per cent, of them made more than 

 $1,000.00 a year, over and above interest on 

 their investment. The mere use of that amount 

 of money in the business allowed them to pay 

 interest on it and to receive a good wage for 

 their time. 



The small farms were not big enough busi- 

 nesses to pay. When the total income of a 

 man is $500.00 it is difficult to make much of a 

 net income. Even fifty per cent, profit will not 

 pay him the wages of a hired man, to say noth- 

 ing of interest. 



The need for money is more pressing than is 

 the need for its proper distribution. A man 

 without capital is almost helpless, but the one 

 who invests it with poor judgment is simply 

 handicapped. The average cost for labor on 

 the farms of the country is somewhere in the 

 vicinity of forty per cent, of all costs, but we 

 have found that on the large farms one hundred 

 dollars ' worth of labor farms five times the area 

 that it will on the small farms. No wonder the 

 big farmer makes money ! 



