CONTRACT'S USED IN RENTING FARMS ON SHARES. 23 



ADVANCES TO TENANT. 



Advances of cash or supplies by the landlord to the tenant usually 

 bear the current local rate of interest and are ordinarily secured by 

 crop lien, chattel mortgage, or both. 



GENERAL SYSTEMS OF SHARE LEASING. 



DAIRY FARMS. 



On dairy farms the landlord may provide one-half of the cows, 

 while the tenant furnishes the other half of the cows and all of the 

 horses and machinery and receives one-half of the proceeds. In other 

 cases the landlord may own all the cows while the tenant furnishes 

 all other equipment and receives one-half of the proceeds. In such 

 cases the tenant bears one-half of the loss by death of the cows or 

 one-half of the cost of cows purchased to keep up the herd. In still 

 other instances the landlord may furnish everything except labor 

 and receive two-thirds of the proceeds. In the first two systems ex- 

 penses are shared about equally, while in the third system expenses 

 are borne in proportion to the shares of the landlord and tenant in 

 the proceeds. Occasionally all equipment, including cows, hogs, poul- 

 try, work horses, tools, machinery, and other working capital, are 

 shared equally, as well as all expenses of whatever nature. In this 

 case also the proceeds are shared half-and-half. 



STOCK FARMS. 



On stock farms the tenant commonly supplies tools and horses 

 while the landlord furnishes half of the productive stock and re- 

 ceives one-half the proceeds. The landlord may provide all of the 

 productive stock, or other modifications of this system may be 

 adopted, though usually any such adjustment is to make fair a half- 

 and-half sharing of the proceeds. 



GENERAL FARMS. 



In general farming, as well as in grain farming, the tenant may 

 furnish the tools and horses and pay the landlord as rent one-half, 

 two-fifths, one-third, two-sevenths, or one-fourth of the crops, ac- 

 cording to the local conditions. In other instances the landlord may 

 furnish all of the equipment and take two-thirds of the crops or 

 more ; rarely only one-half of the crops. On cotton farms where the 

 tenant furnishes all equipment he receives two-thirds or three-fourths 

 of the cotton and where he supplies only the labor he receives one- 

 half of the cotton. 



These few cases may be taken to illustrate the types of share leas- 

 ing systems in which the landlord receives a certain fractional part 



