EASY FARM ACCOUNTS 



Here is a Simple Farm Account Book 



You Can Use For Record Keeping. It Can Save 



Hours of Work and Worry Over Income Taxes 



HAS that year-end trouble maker 

 thrown you for a loss again? 

 We refer to the job every farmer 

 votes the meanest chore of the 

 year — filling out the 1948 in- 

 come tax return. 



It's no fun at best. But at least if it's 

 tough it is tolerable for the 25,000 Illi- 

 nois farmers who have been keeping 

 their accounts during the past year in 

 one of the new College of Agriculture 

 farm record books. 



These books were introduced last 

 spring to farmers in 58 northern Illinois 

 counties and will be introduced to 43 

 southern counties this winter. 



They are simple record books, with 

 pages to show income and outgo. All 

 entries are keyed to fit the farm income 

 tax form 1040F which makes up the last 

 pages of the book. 



The book comes in two parts. Part 

 [ is a record of receipts and expenses. 

 Part II is a record of depreciation sched- 

 ules and inventories. Part II is a rec- 

 ord of depreciation of farm machinery. 

 This part of the book is kept in use for 

 six years. 



The income tax feature is the biggest 

 selling point for the new book. The 

 books are available at your Farm Bureau 

 oflFice at a cost of 45 cents. They are 

 well worth the price, which just covers 

 the cost of printing. 



If you would like to look forward to 

 an easier time around the kitchen table 

 next year, we suggest that you look into 

 these record books. They can do a lot 

 to ease your income tax worries. 



Farmers who have used the book for 

 a year agree that it has four principal 

 uses. Since you are almost forced into 

 the keeping of some kind of a financial 

 record, why not use a book that can 

 help in more than one way.' Here are 



its advantages; 



1 . The book provides you with a sim- 

 plified and dependable record for filling 

 out your income tax form. 



2. It makes possible a continuous 

 study and application of basic farm 

 management. It helps answer such 

 questions as which pays more on my 

 farm, hogs or cattle .' 



3. It makes possible credit statements. 

 If you know how much you are making, 

 you know how much you can borrow 

 safely. 



4. It contains a depreciation schedule 

 and inventory for your personal prop- 

 erty, including farm machinery. You 

 know how much you are worth — with- 

 out holding a farm sale. 



One of the big advantages of the 

 book is its feature of "business analy- 



A lemfar training mmatlng en fh« ShnplMatf 

 Illinois farm Racorrf Book, l»d by O*org» 

 B. Whitman (Mt), ttata pro/act leader, l» 

 haM In the o0lte» of the Champaign Covn- 

 ty farm Bureau. Seated next to the black- 

 board If W, B. Bunn, Champaign county 

 farm advlter. Other* are vocational agri- 

 cultural »tudentt from the College of Agrl- 

 tultare at Urbana. 



sis". That is the ultra-practical feature 

 of the record book, and one no other 

 farm account book in the country has to 

 o£Fer. It is a new approach to self-study 

 of the farm business. 



This business analysis is done by 

 means of a sheet or form which the 

 farmer fills out himself. He can then 

 compare his results with the "standards" 

 for his county. 



If his results are below average, he 

 can make a check-oflF of suggested im- 

 provements which should help him dur- 

 ing the next year. 



If your crop yields are below average, 

 as an example, you probably could not 

 check the "yes" column on the business 

 analysis sheet for all these questions: 

 Do you treat seed for disease control.' 

 Do you plow under all stalks and straw 

 not used for bedding.' Has all your 

 soil been tested.' Etc. 



The success of the book has been 

 widespread. It has reached more Illi- 

 nois farmers than any other single ex- 

 tension program. In its first year more 

 than 25,000 farmers used it for their 

 record keeping. Last fall 65,000 books 

 were printed for use in 1949. 



At the close of each year farmers who 

 use the book are invited to group meet- 

 ings where farm advisers or trained 

 local leaders help them in a study of 

 their farm business, and also to give 

 assistance in making out income tax re 

 ports. 



Front 



T 



Cover 



WENTIETH in our series of picturesque 

 and historical Illinois scenes is the famous 

 Saint-Gaudens statue of Lincoln in Chi- 

 cago's Lincoln Park. At its unveiling, 

 Oct. 22, 1887 by Abraham Lincoln, a grandson 

 of the president, it was widely acclaimed as the 

 nation's ideal and the greatest portrait statue of 

 Lincoln. 



It was the joint work of Sculptor Augustus 

 Saint Gaudens and Architect Sanford White. 

 The statue was a gift to the city by Eli Bates, a 

 Lincoln admirer who left $40,000 for its con- 

 struction. It is 11^/2 feet high and was cast in 

 bronze. A copy of it stands before Westmin- 

 ster Abbey in London. 



14 



L A. A. RECORD 



