JIEAT PRODUCTS. 



The percentages of profit^ 1 to 5 in the above schedule, show the 

 ratio of interest on the capital employed by the producer. The losses 

 shown, 6 and 7 as above, are, however, drafts upon the producer's 

 capital, yielding him no remuneration for skill in farming, or interest of 

 money, consequently his loss may fairly be put down at 20 per cent, 

 upon his working capital, if the statistics of the farm in question are to 

 be relied upon ; and I personally have no doubt of their authenticity, as 

 they are corroborated by the experience of 85 contributors in fore- 

 going accounts marked " B,^' and also by the exposition to the accounts 

 as regards cereals, and by the stock accounts as regards hay, root, and 

 green crops. Further, with a view to test these results, I have 

 substituted for the products " per acre " of Wilton House Home Farm, 

 Sir J. Lawes' average produce of cereals in the kingdom, viz. : Wheat, 

 28^1^ bush., barley, 37^, oats, 4^7 tu, and beans 31to bushels per acre ; 

 and as to the meat productions, I have taken them as they stand in 

 Professor Elliot's work (not forgetful of the circumstances attending the 

 farm), putting these quantities at the average market jmces of 1883, 

 1884, and up to October 26th, 1885, the application shows a loss of 

 £9 5s. 8|d. per cent., which is synonymous with the results of Professor 

 Elliot's analysis. It, however, must be borne in mind that Sir James' 

 average produce is estimated upon qualities from soils of greater fertility 

 as compared with those constituting the Wilton House Home Farm. 

 It therefore remains to be proved at what cost for artificial manures or 

 feeding stuffs per acre the necessary increase in products can be obtained 

 throughout the kingdom, so as to neutralise the cost of increased 

 fertility, and the loss occasioned in converting the hay, root, and green 

 crops into meat. It is to be observed that the increased produce of 

 wheat (reaching to 36 bushels per acre) which has been obtained on 

 Wilton House Home Farm, is synonymous with Sir. J. Lawes' experi- 

 ments at Rothamstead, but the relative ratio of other crops on the farm 



