120 INTENSIVE FARMING 



duction must be deducted 29.10 



Total margin on 40 acres 1,164.00 



L,abor hired 600.00 



Total net profit or labor income $ 564.00 



In some other locality where economic con- 

 ditions were different land bearing the same 

 overhead charges might be made to pay a hand- 

 some profit. If the gross return from potatoes 

 were fifty cents per bushel and the gross return 

 for beets were $5.50 per ton, and alfalfa pro- 

 duced a gross return of $45.00 per acre, then 

 a four-year rotation such as has been described, 

 would bear the fixed charges and pay a profit. 



A 40-acre orange grove, with paid-up water right, 



at $500 per acre $20,000.00 



Three years' maintenance at $50 per acre, plus 



$15 per acre annual water charge 7,800.00 



$27,800.00 

 Interest on $27,800 for 3 years at 8% 6,672.00 



$34,472.00 



INCOME FROM CROP 

 3rd year I box per tree (80 per acre 



at $i) $ 3,200.00 



Less cost of production... 4,000.00 



Profit 800.00 



Interest on $34,472 at 8%.. 2,757.76 



Net cost 3,55776 



Total cost to end of 3rd year $38,030.00 



4th year Estimated value of crop...$ 7,000.00 

 Cost of production 4,000.00 



Income 3,000.00 



