SMALL HOLDINGS 191 



the deduction of the cost of feeding, leaving 

 the sum of £60 to represent the gross profit 

 upon a herd of five. The cost of feeding two 

 cows of equal size is practically the same, 

 but every gallon of milk produced by the one 

 in excess of that produced by the other is 

 net profit, and for this reason it is obvious 

 that a buyer can afford to pay a considerably 

 larger sum for stock upon which he can rely. 

 There are many small holders who are able 

 to keep ten good cows upon a comparatively 

 small area, producing, as they do, large 

 quantities of forage, root, and corn crops 

 for their summer and winter use. 



An experienced man can manage ten cows, 

 and, with the help of a strong youth, pro- 

 duce the crops essential for their maintenance; 

 but we do not suggest that he would be able 

 to deliver the milk by retail : that would be 

 impossible. The milk of ten cows sold at 8d. 

 per gallon would return, less the cost of 

 feeding, £120 or thereabouts, for we do not 

 propose to fix the actual cost of feeding in 

 an arbitrary way. Milk retailed at 4d. per 

 quart would be followed by a return of almost 

 double the figures named, but assistance 

 would be essential. A milk 'round' means the 

 purchase and maintenance of a pony and 



