34 THE NEW BUSINESS OF FARMING 



and the average cow does not pay at the present 

 price of milk or butter. But the cow can be 

 the most valuable animal on the place. If she 

 is to be kept as the single crop of the farm she 

 must be unusually good to pay ; but if she is to 

 be used simply as the principal product, then 

 she is profitable to the whole organization even 

 if she herself does not produce a profit, for she 

 keeps the organization and the organization 

 can be used with small added expense to pro- 

 duce by-products that will yield a profit to the 

 farmer. 



The simplest way to understand the results 

 of diversity is to study a couple of actual farm 

 accounts. These are not presented as typical 

 farms but are used simply to illustrate the point 

 in discussion. 



FARM NUMBER ONE. 211 ACRES 



Capital 

 4 horses, 31 cows, 30 sheep, 



other stock $3,497.00 



Land, tools, etc 11,562.00 



$15,059.00 



