78 THE NEW BUSINESS OF FARMING 



der such, conditions. The manufacturer often 

 makes his profit from a by-product and some- 

 times can better afford to make up goods at 

 less than cost rather than to close his plant even 

 for a few days. 



It was merely applying this principle that led 

 the Chief of the Bureau of Farm Management 

 to say: "I believe that I can prove that if the 

 cotton farmer had half a dozen things on which 

 to lose money lie would make more profit than 

 he does." 



Half pay for iull time brings in as much 

 money in the course of the year as full pay for 

 half time. 



The keeping of cows persists in the face of 

 theoretical demonstration that they are kept at 

 a loss. If poor cows are kept and the farmer 

 has help in the milking he receives half pay for 

 full time, as the dairy provides steady work 

 during the winter as well as the summer. If 

 good cows are kept and the dairyman does not 

 have help in the milking he is working produc- 

 tively too few hours and is receiving full pay 

 for half time. The weakness in the dairy is the 



