Partnership Farming 



Table XXI. 



Comparison of the Net Income received by the Land- 

 owner FROM A 500 Acre Farm under Ordinary Tenancy 



AND under the PARTNERSHIP SYSTEM, 



Actual rental prior to 

 partnership. 



Rental as paid under 

 partnership. 



Interest on /C5000 trust money at 4 per cent. ;f 200 

 ,, ,, invested in farm at 5 per cent. ^^250 



A net profit for division of ;^6i5 was declared, 

 the partner taking;^307 10^., and the land- 

 owner ;^307 10 



Total increased income for landowner 



Increase. 



125 



307 TO 



;^482 10 



Note. — When taken over the farm was in very bad condition 

 and much of it had to be bare fallowed. This is the fourth year of 

 the partnership, and in spite of its bad condition the farm paid the 

 owner rent and interest from the first year, and from the second 

 year profit. The 200 acres is very heavy clay, situate some way 

 from the main farm. 



There has been in the past much good in 

 the relationship of landowner to tenant, and 

 this need not be lost in developing the 

 industry. Nothing could be more ideal than 

 the relationship of landowner and farmer in 



75 



