1(5 



BULLETIN 41, U. S. DEPARTMENT OF AGRICULTURE. 



More crops and less stock are sold from the rented farms than 

 from those of the owners. This is to be expected, owing to the share 

 system of rental, whereby the landlord receives half of the grain, 

 most of which he sells. 



The item of increased inventory represents an increase in invest- 

 ment, cither through more stock, new buildings, or tile drainage. 

 To offset this, the cost for all improvements is included in the farm 

 expenses. "When the investment costs of this nature are charged to 

 the farm there must be a corresponding increase in the capital at 

 the end of the year. 



Corn, oats, and wheat constitute the crops sold. Even on the 

 small farms practically no cash crops other than these are grown. 

 The farmers making the best incomes received a higher percentage 

 of their receipts from live stock. 



A further discussion of the influence of the type of farming on 

 profits is given on page 29. 



DISTRIBUTION OF FARM EXPENSES. 



The distribution of expenses on both owner and tenant farms is 

 given in Table X. 



Table X. — Distribution of farm expenses (in percentages of total expenses) 

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



Item of expense. 



Oper- 

 ated by 

 owners 

 (273 



farms). 



Operated by tenants 

 (247 farms). 



Item of expense. 



Oper- 

 ated by 

 owners 



(273 

 farms). 



Operated by tenants 

 (247 farms). 



SSl Tenant - 



Land- 

 lord. 



Farm 

 total. 



Tenant. 



Land- 

 lord. ' 



Labor 



33. 



2. 1 



.3 



18.8 



5.6 



1.3 



1-7 

 1.3 



31.0 



2.5 



.4 



10.5 



9.2 



1.6 



1.4 

 1.5 



34.6 

 1.1 



9.9 



10.0 



1.8 



. 1 



0.4 



4.1 



.9 



4.4 



.8 



.1 

 4.0 

 3.9 



New buildings... 

 Building repairs. 



Tile drains 



Twine and 



thrashing 



Insurance 



Taxes 



10.9 



.6 



3.8 



4.4 

 1.0 



10.4 



8.4 



.8 



6.7 



6.5 



1.3 



14.4 



.2 



7.0 

 .7 

 1.8 



28.8 



22.8 

 1.6 



Fertilizer 



Feed and grain . . 

 New machinery 



and harness 



ery and 



names 

 New fen© 

 Fence repairs 



18.4 



.8 

 2.0 

 35.0 







Miscellaneous 



4.8 



3.8 



4.0 



.8 



Approximately one-third of the total expense is for labor. This 

 amount includes the value of board furnished : also the value of the 

 family labor, except thai of the operator. Some of the farm owners 

 purchased large quantities of corn for feeding, thereby making this 

 expense 18.8 per cent of the total. The expense for tile drains was 

 largely incurred in Iowa and Indiana, where the construction of ex- 

 tensive systems meant considerable outlay. 



The expense for twine, based on over 10.000 acres of small grain, 

 averaged 21 cents per acre, or seven-tenths of a cent per bushel. From 



