FARM PKOFITS. 33 



worth $435. The value of these items increased from $356 in 1910 

 to $620 in 1918. 



PRODUCTS SOLD AND PRICES RECriVED. 



It was not possible to measure quantitatively all the various 

 products sold from these farms, but Table V shows the amounts of 

 the more important sources of income. The number of hogs sold 

 for the seven-year period averaged 49 head, corn 470 bushels, oats 827 

 bushels and wheat 154 bushels. The most hogs were sold in 1914, 

 the most corn in 1916, the most oats in 1915, and the most wheat 

 in 1915. Hogs and oats showed the least variation and wheat the 

 most. 



In 1910, 1913, and 1914, the average price received for hogs was 

 $8.16, $8.25, and $8.21 per hundredweight. In 1915 the price fell to 

 $7.04, but beginning with 1916 the price made a decided advance to 

 the year 1918, when the price averaged $17.39 per hundredweight. 

 Oats showed little advance in 1918 over 1917 and wheat decreased 

 in price slightly. Corn showed the greatest advance in price and 

 wheat and oats the least. 



LABOR INCOME AND RETURN ON CAPITAL OF THE 100 INDIANA FARMERS OVER THE 



SEVEN-YEAR PERIOD. 



The labor income and the per cent return on capital for each of the 

 100 farms are shown for each year and for the average of the seven 

 years in Tables VI and VII. The farms are arranged in order of the 

 seven-year average labor income. The labor incomes are also shown 

 graphically in figure 13. 



It will be seen from Table VI that 14 of the 100 had a labor income 

 every year, 32 for six of the seven years, 21 for five of the seven years, 

 17 for four of the seven years, 6 for three of the seven years, 7 for 

 two of the years, and 3 for only one year. 



No one farmer reached the $1,000 labor income mark every year 

 of the period, but several farmers reached $1,000 some of the years. 

 One farmer got over $1,000 labor income six of the seven years, 

 and one-fourth of them about half of the years. Some farmers went 

 above the $1,000 mark for occasional years. Four farmers made 

 over $5,000 for one of the seven years. 



Only one of the 100 farmers reached a $3,000 labor income prior 

 to 1916, and he for but one year. Eleven farmers reached $1,000 

 labor income in 1910, 10 in 1913, 5 in 1914, 7 in 1915, 33 in 1916, 34 

 in 1917, and 57 in 1918. No one farmer reached $4,000 until 1916, 

 nor $5,000 until 1917. In 1918 three farmers reached the $5,000 

 mark and two others reached the $4,000 mark. 



The seven-year average labor income of 18 farmers exceeded $1,000; 

 that of two of these exceeded $2,000; that of 32 ranged from $500 

 to $1,000; while that of the other 50 was less than $500. Twelve 



