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ANEW simple farm record book will 

 be offered Illinois farmers this win- 

 ter. It is easy to keep and all en- 

 tries are keyed to fit the farm in- 

 come tax form 1040F which makes 

 up the last pages of the book. 



It will do a lot more, however, than 

 just help with the farm income tax. It 

 was set up as a real chore boy by the farm 

 tax and management experts from the 

 University of Illinois College of Agricul- 

 ture who did the work on the book. 



It can be used to find inventory values. 

 Most farmers admit they don't know what 

 they're worth until the day they sell out 



It makes possible farm family budgets 

 If you know accurately what you are mak 

 ing you can plan such home improve 

 ments as a new furnace or a water system 



It makes possible credit statements. If 

 you know your income you know how 

 much to borrow safely. V • • ;; 



It makes possible a continuous study 

 and application of basic farm manage- 

 ment. You may find your labor with 

 chickens worth twice that spent on a 

 dairy herd. ; 



To help show farmers what diis new 

 farm account book can do and to answer 

 questions on income tax and farm man- 

 agement problems, farm advisers are 

 scheduling a series of county meetings 

 for December and January. 



Men from the College of Agriculture 

 and the Illinois Agricultural Association 

 will be present at these meetings to help 

 answer questions. 



RADIO TO HELP 



■ President Charles B. Shuman has an- 

 nounced that I. E. Parett, secretary of 

 general services, Charles Mayfield and 

 Roy Johnson will represent the Illinois 

 Agricultural Association at these county 

 meetings. Walter Batson will represent 

 the Illinois Farm Supply Company. 



George B. Whitman, former farm ad- 

 viser in Henderson and Adams county, 

 will be in charge of the project for the 

 College of Agriculture. 



Many others, including radio stations, 

 newspapers, farm magazines, teachers, 

 co-op managers, farm loan and credit 

 managers, and local bankers, will assist 

 the county farm advisers in a gigantic 

 promotion program. 



"We want to put this book into the 

 hands of as many as possible of the 130 

 thousand larger farmers and an additional 



George B. Whitman, (second from left) stcrte officer of the extension farm labor progroMt, 

 discusses with lAA staff men plans to put a simplified form account boolc into the hands 

 of every farmer interested. Left to right: I, E. Parett, secretary of the division of general 

 services; Whitman; Roy Johnson, director of special services; and Charles Mayfield, dt* 



rector of rood Improvement. 



A New Approach To Simple 



nting 



50,000 smaller farmers in the state," 

 Whitman said recently in a speech to 

 farm advisers launching the program. 



Dean Rusk of the College of Agricul- 

 ture has' given his unqualified support of 

 the book, considered by many to be the 

 best simple and practical approach yet 

 conceived to good farm accounting and 

 management. 



The final cost of the book has not been 

 announced and may vary a little from 

 county to county, but the cost is certain 

 to be less than 40 cents. It will be avail- 

 able for each county of the state. 



Speaking of its advantages, Parett said 

 recently, "The FFA and 4-H club kids 

 keep records and now we're giving Dad 

 a chance to do the same thing. It isn't 

 a lot of hard work by any means. 



"It's also a history of a farmer's ac- 

 tivities. Wouldn't you like to know, 

 for example, what kind of a year your 

 Dad had in 1917?" 



EGGS, GAS, AND RENT 



The book has columns to enter re- 

 ceipts from eggs, dairy, grain, hay, cus- 

 tom work, capital items, work off farm. 



government payments, patronage refunds, 

 breeding fees, sale of purchased and 

 raised livestock, non-farm income, and 

 unusual items as sale of timber. 



It has a place to enter expenses for 

 purchase of capital items, feed, ref>airs 

 and machinery hire, gas, oil, car expense, 

 utilities, fertilizers, seeds, crop expense, 

 hired labor, taxes, rent, interest, insur- 

 ance, improvements, breeding fees, vet- 

 erinary and livestock expanses. 



It has space for a depreciation sched- 

 ule for machinery and equipment, auto- 

 mobile, soil improvements, farm improve- 

 ments, jHirchased livestock, record of pre- 

 paid insurance. It also provides space 

 for inventories of feed, grain, seeds, bogs, 

 poultry, sheep, cattle, horses and other 

 livestock. 



Each column and each entry in the 

 new account book is explained clearly, 

 and in terms familiar to farmers. There 

 is no space, and no need for time taking 

 entries such as the number of pounds of 

 feed consumed by livestock each day. 



Useful tables that provide valuable in- 

 formation, such as the average useful life 

 of farm animals, have been incorporated 

 into the book. 



// you keep this amazingly simple account book as you go along through 

 the year it will record all you need to fill out your farm income tax. 



DECEMBER, 1947 



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