22 



BULLETIN 41, TJ. S. DEPARTMENT OF AGRICULTURE. 



Table XVI. — Relation of the tenant's and the landlord's capital, etc. — Continued. 



Operated by Tenants in Illinois (71 Farms). 



Tenant's capital. 



Number 

 of farms. 



Tenant's 

 average 

 capital. 



Tenant's 



labor 

 Income. 



Landlord's 

 average 

 capital. 



Landlord's 



income on 



investment. 



8501 to SI. 000... 

 31,001 to Sl,500.. 

 SI, 501 to 32,000.. 

 S2,001 to S3, 000. 

 33,001 to 84,000.. 

 34,001 to 36,000.. 

 36,001 and over. 



8871 

 1,262 

 1,733 

 2,482 

 3,493 

 4,828 

 9,011 



8429 

 614 

 709 

 1,054 

 1,085 

 1,732 

 4,117 



310, 031 

 23, 737 

 29, 703 

 36,948 

 42,898 

 50, 950 

 70, 750 



Per cent. 

 2.7 

 3.5 

 4.1 

 4.05 

 3.3 

 3.6 

 3.1 



Total or average for Illinois. 



2,867 



1,139 



36, 479 



3.6 



Operated by Tenants in Iowa (93 Farms). 



S501toSl,000... 

 Sl,001 to 81,500.. 

 $1,501 to 32,000.. 

 82,001 to 83,000.. 

 33,001 to 84,000.. 

 34,001 to 86,000.. 

 S6,001 and over. 



Total or average for Iowa. 



1,288 

 1,816 

 2,455 

 3,428 

 4,825 

 8, 303 



2,667 



S272 

 387 

 490 

 639 

 983 

 1,334 

 1,641 



716 



88,568 

 13, 808 

 16,971 

 19, 374 

 25, 027 

 31,490 

 50, 412 



20, 728 



3.2 

 3.0 

 2.8 

 3.0 

 3.2 

 3.2 

 4.7 



3.2 



Almost without exception the tenant's income is in direct propor- 

 tion to the sum he has invested (fig. 4). This is a very encouraging 

 fact in that it shows that a tenant is able to acquire sufficient capital 

 to become an owner. Many farmers begin as hired men. After a 

 few years they save enough money or acquire credit so that they 

 can rent a farm. This gives them a start, even though it may be a 

 small place at the outset. By renting, the income is increased over 

 the amount that could be earned as a hired man, and in a few year's 

 the tenant is able to establish sufficient credit or save enough to enable 

 him to rent a larger place. 



ONE REASON WHY TENANTS CHANGE FARMS. 



Men who start in as tenants usually have very little capital and 

 are limited in the size of the farm business they can select. After 

 a few years of work they have enough teams and equipment to rent 

 a larger farm, which will pay them increased returns for their year's 

 labor. The changing of tenants from one farm to another is thus 

 frequently a transitory step bj^ young men seeking to become farm 

 owners. If these same men were compelled to start on a small place 

 and stay there for a long period of years they could never hope to 

 eventually become owners, but by selecting farms which will use 

 their entire working capital to its maximum they are able to advance 

 rapidly. The income that a tenant receives with a capital of $4,000 

 to $6,000 is decidedly greater than that which he would have if he 

 purchased a farm with that amount. No farm owner with less than a 

 $20,000 investment received a labor income of over $2,000, while 1 ten- 

 ant out of every 22 received this income with less than $6,000 capital. 



