14 



BULLETIN" 1068, U. S. DEPARTMENT OF AGRICULTURE. 



in total farm value which was caused mainly by a reduction in the 

 size of the farm. 



Table 8 — 



Total value of the average black land farm and distribution of this 

 value, by decades, since I860. 1 



Census year. 



Average 



acres per 



farm. 



Average 

 total 

 farm 



value. 



PVr cent 

 of farm 

 value in 

 land and 

 buildings. 



Per cent 

 of farm 



value in 

 equip- 

 ment. 



Per cent 

 of farm 

 value in 

 machin- 

 ery. 



Per cert 



of farm 



value in 



live 



stock. 



1860 



533.3 

 225.7 

 133.1 

 114.3 

 91.8 

 96.0 

 90.6 



$4, 860 

 1,923 

 1,532 

 2,493 

 2,730 

 5,306 



11,694 



61.5 

 63.9 

 78.8 

 . 81.4 

 82.8 

 86.6 

 90.3 



38.5 



36.1 

 21.2 

 18.6 

 17.2 

 13.4 

 9.7 



3.5 

 2.6 



4.2 

 2.8 

 3.7 



2.7 

 3.2 



35.0 

 33.5 

 17 



1870 



1880 



1890 





1900 



13 5 



1910 



10 7 



1920 ..... 



6 5 







1 Computed from United States Census data. 

 €oc 



'550 



5oo 

 450 

 400 

 350 

 300 

 250 

 200 

 150 

 LOO 

 50 

 

















LAND VALUE PER FARM 

 EQUIPMENT VALUE PER FARM 

















MOVEMENT OF L.ABUH VALUE H£R FARM 







\ 

 \ 













\ 

 \ 

 \ 











/ / 



\ 

 \ 

 \ 











/ / 



w 











/'" 













y 





\> x 



"^^ 







/ 



\ 



\ 



^^^ 























600 

 550 

 500 

 450 

 1+00 

 550 



300 

 250 

 200 

 150 

 100 

 50 



1S60 



1S70 



1380 



1390 1900 1910 1920 



Fig. 3. — Movement of the value of land,, equipment, and labor used on the average 

 black land farm, by decades since 1860. 



Prior to 1890 the size of the farm and the system of farming 

 changed so radicalty that the actual and relative amounts of capital 

 in land and buildings and in equipment were greatly affected. How- 

 ever, since 1890 farm values have been affected very little by changes 

 in size of farm and in the system of farming, and land values have 

 gradually and consistently increased in proportion to equipment 

 values. This increase possibly indicates to a certain extent the rela- 

 tive future trend of the values of equipment and land if the present 

 system of farming is maintained. 



If equipment value were the only value contributed to the farm 

 business by the tenant, an equitable adjustment of rents would have 



