FARM PROFITS. 5 



value of family labor and including interest on any indebtedness) 

 from the total farm receipts. 



5. Family living from the farm. — The value of food products, fuel, 

 and house rent furnished directly by the farm toward the family 

 living. This form of income has been considered in addition to 

 farm income and labor income. 



SUMMARY. 



The average farm income of 25 farmers, in Palmer township, 

 Washington County, Ohio, for the seven years 1912 to 1918 was 

 $610, the labor income $276, and the return on the capital 4.6 per 

 cent. 



The average farm income of 100 farmers in Forest and Johnson 

 townships, Clinton County, Ind., for the seven years 1910 and 1913 

 to 1918 was $1,856, the labor income $558, and the return on the 

 capital 5.7 per cent. 



The average farm income of 60 farmers in Verona and adjacent 

 townships, Dane County, Wis., for the five years 1913 to 1917 was 

 $1,293, the labor income $408, and the return on the capital 4.7 

 per cent. 



A considerable part of the farmers' living came directly from the 

 farm. In the Ohio area the value of the items food, fuel, and house 

 rent furnished by. the farm was estimated at $359 per farm for 

 the seven-year average, increasing from $300 in 1912 to $494 in 

 1918; in the Indiana area the value of these items was estimated at 

 $425 per farm., increasing from $356 in 1910 to $620 in 1918; in the 

 Wisconsin area the five-year average value of these items was $391, 

 increasing from $351 in 1913 to $525 in 1917. 



Prior to 1916 the price level of farm products was much below 

 that of more recent years. For the years of lower prices the farm 

 earnings in each of these three areas were very low, but with the higher 

 prices of 1916, 1917, and 1918 the returns were more satisfactory. 



In the Ohio area the average farm income for the four years 1912 to 

 1915 was $468; and for the three years 1916 to 1918, $800; the labor 

 income for the former period was $153, and for the latter period 

 $441; the return on the capital from 1912 to 1915 was 2.8 per cent, 

 and from 1916 to 1918, 6.6 per cent. 



In the Indiana area the average farm income for the four years 

 1910 and 1913 to 1915 was 81,407; and for the three years 1916 

 to 1918, $2,454; the labor incomes for the two periods were $205 

 and $1,028, respectively; and the return on capital 4.5 per cent and 

 7.0 per cent. 



In the Wisconsin area the average farm income for the three 

 years 1913 to 1915 was $985, and for the two years 1916 and 1917, 

 $1,754; the labor income was $113 for the three-year period and 



