INTEREST ON FARM 27 



The average farm of the United States has 138 acres and is 

 valued at $6,443, including stock and implements. 



The total or gross income is $980, leaving off cents, of which 

 $860 is the value of the crop, including stuff fed. 



In the summary on page four of circular 132, the data are ar- 

 ranged as follows : 



"Total gross income .$980 



Total expenses 340 



Net farm income 640 



Interest on investment 5% 322 



Labor income, including unpaid family labor and all 

 the farm furnishes toward the family living except 

 milk and cream. Does not include income from 

 outside sources, and the amount paid for live stock 



bought must be deducted from this sum" 318 



"Interest on mortgage, $1,715 at 6% $102 



Available for live stock and for family living $537" 



These same data may be arranged as follows, where it is as- 

 sumed that the farmer and his family should receive for their labor 

 at least the wages of one- farm laborer without board, since they 

 board themselves, and that it takes $50 per year to replace teams 

 and other live stock. 



Gross income per year $980 



Expenses : 



Labor $102 



Fertilizer 18 



Feed 47 



To maintain buildings 49 



To maintain implements 39 



Taxes, at 0.6% 38 



Miscellaneous .' 44 



Salary of farmer and family 360 



Replacement of live stock 50 $750 



Net income . $230 



This $230 is three and a half per cent on the $6,443 capital. 

 If the $102 interest on the mortgage is deducted there remains only 

 two per cent interest actually made by the average farm of the 

 United States in 1910. 



