FARM-MANAGEMENT SURVEY OP REPRESENTATIVE AKEAS. 



15 



Table VIII. — Average capital, receipts, expenses, and profits on 129 farms 

 operated by oioners renting additional land. 



Average capital 



Average receipts 



Average expenses 



Average farm income 



Average interest at 5 per cent. . . 

 Average operator's labor income 



Indiana 



(56 

 farms). 



$11,321 



1,780 



742 



1,038 



566 



472 



Illinois 



(36 

 farms). 



$32,382 

 4,279 

 1,599 

 2,680 

 1,619 

 1,061 



Iowa 



(37 



farms). 



$17,829 



2,228 



887 



1,341 



891 



450 



Average 



(129 

 farms). 



$20,510 

 2,762 

 1,076 

 1,686 

 1,025 

 661 



With $10,000 less invested than is shown by the owners operating 

 only their own land, the labor income of these owners additional is 

 over $250 greater than that of the farm owners. ■ The average size 

 of the farm owned was 105 acres, and 78 acres additional were rented. 

 Where it is possible, this method, permits a farmer to have a home 

 of his own and at the same time a good-sized farm business with 

 a comparatively small investment. It is an intermediate step be- 

 tween tenant and owner. 



DISTRIBUTION OF FARM RECEIPTS. 



The farm receipts are derived mainly from crops and live stock. 

 The proportion received from each varies with the method of opera- 

 tion as to whether run by owner or tenant, as well as with the type 

 of farming followed. In Indiana 48 per cent of the total income 

 received by the owners was from the sale of live stock, while the ten- 

 ants received only 36 per cent from this source. In Illinois cattle 

 and hogs were fed in much larger numbers, the income of the owners 

 from live stock being GO per cent of the total receipts. On the ten- 

 ant farms 50 per cent of the receipts was from the sale of crops and 

 36 per cent from the sale of stock. 



In Table IX the distribution of the receipts for both owners and 

 tenants is given. 



Table IX. — Distribution of farm receipts to landlord and tenant on 21ft farms 

 operated by owners and tenants in Indiana, Illinois, and Iowa. 









Operated by tenants (247 farms). 



Source of income. 



ers (273 farms). 



Both landlord and 

 tenant. 



Landlord only. 



Tenant only. 





Receipts. 



Percent- 

 age of 

 total. 



Receipts. 



Percent- 

 age of 

 total. 



Receipts. 



Percent- 

 age of 

 total. 



Receipts. 



Percent- 

 age of 

 total. 



Crops 



$858 



1,715 



143 



331 



26 



3 



27.9 

 55.8 

 4.6 

 10.8 

 .8 

 .1 



$1,333 



778 



111 



459 



20 



2 



49.3 

 28.8 

 " 4.1 

 17.0 

 .7 

 .1 



$677 



128 



8 



158 



57.1 



10.8 



.7 



13. 3 



$657 



649 



103 



301 



20 



2 



37.9 



Stock 



37.5 



Stock products 



Increased inventory. . 



5.9 



17.4 



1.2 



Miscellaneous 







.1 



Cash rent 



214 



18.1 



















Average or total. 



3,076 



100.0 



2,703 



100.0 



1,185 



100.0 



1,732 



100.0 



