6 



BULLETIN 1070, U. S. DEPARTMENT OF AGRICULTURE. 



classified as dairy farmers. In 1912, 10 per cent of the receipts were 

 from dairy products, and in 1918, 9 per cent. 



In Table 2 is given a summary of the farm business of 297 farms 

 for 1912 and 304 farms for 1918. It shows comparisons of the size 

 of farm, crop area, amount of labor, work stock, capital, receipts, 

 expenses, and profits for each sized group for the two years. 



Table 2. — Summary of the farm business of 297 farms for 1912 and 304 farms for 1918, 



Cataivba County, N. C. 



Item. 



Number of farms. 



Farm area, acres 



Crop area, acres 



Months of labor 



Number of work stock 



Capital 



Receipts 



Expenses 



Farm income 



Interest on capital at 5 per cent- 

 Labor income 



Value of farmer's labor 



Return on capital 



Farm income 



Value of unpaid family labor. . 

 Family income 



Family living supplied directly 

 by farm 



30 crop 

 acres 



or 

 under. 



73 



30.1 

 to 50 

 crop 



acres. 



112 



53. 5 90 



22. 6: 40. 1 



15.9 19.3 



1.5 2.3 



$2,855 ! $5,076 

 404i 702 



220 

 184J 

 143l 

 41 



2301 

 -2.0% 



76 



2lill 



395 



307 



255 



52 



269 



0.7% 



$307 

 129 

 436 



313 



50.1 

 to 70 

 crop 



acres. 



62 



Over 



70 

 crop 

 acres. 



50 



138. 5 265. 8 



60. 01 105. 



22.8 38.2 



3. 3 4. 8 



$7,507 

 996 

 543 

 453 

 375 

 78 



268 

 2-4% 



8453 

 148 

 601 



$13,942 



2,067 



1,130 



937 



697! 



240 



271 

 4.8% 



$937 



207 



1,144 



All 



farms. 



297 



121.1 



50.8 



22.4 



2.7 



16,530 

 919 

 506 

 413 

 326 

 87 



260 

 1-1% 



$413 

 133 



546 



1918 



30 crop 

 acres 



or 

 under. 



30.1 

 to 50 



crop 

 acres. 



75 



53.0 



22.8 



15.0 



1.7 



$4, 194 

 841 

 313 

 528 

 210 

 318 



360 

 3.9% 



$528 



83 



611 



43f, 



125 



91.2 

 39.1 



18.7 

 2.3 



50.1 

 to 70 

 crop 



acres. 



Over 



70 

 crop 



acres. 



60 



44 



129.2; 244.8 



58.5 101.6 



24. 2 36. 



3. 4. 5 



S6, 906 $10,525 

 1,354 2,056 



538 

 816 



345| 

 471 



1,187 

 526 

 661 



418 448 

 ■2% 7.2% 



S816 

 177 



$1,187 



256 



1,443 



$20,077 

 3,839 

 1,873 

 1,966 

 1,004 

 962 



470 

 7-0% 



$1, 966 

 259 



2,225 



730 



All 

 farms. 



304 



111.5 

 47.9 

 21.4 

 2.6 



$8,858 

 1,726 

 741 

 985 

 443 

 542 



417 

 6.0% 



181 



1,166 



The farm income, which is the difference between total receipts 

 and total expenses, averaged $413 for all farms in 1912 and $985 for 

 1918; that is, the farm income was 140 per cent greater in 1918 than 

 in 1912. Farm income is a good indication of the size of business and 

 of the prosperity of the groups of farms studied. It shows the in- 

 crease that occurred .in the earning power of farms as a result of in- 

 creased prices of farm products. Considering the great drop that 

 has since occurred in prices for agricultucal products and the relatively 

 smaller decrease in the prices of supplies the farmer requires, it is 

 probable that the farmer's income for 1920 and 1921 was less than 

 for 1912. 



The family income, which is a good measure of the purchasing 

 power of the farmer, was about double in 1918 what it was in 1912. 

 It is likely that 1918 was a year as favorable from the standpoint of 

 income as the farmer may expect in the near future. 



The labor income, which represents the amount of money the far- 

 mer received for his year's labor after paying all farm expenses, in- 

 cluding as expenses the value of labor performed by his family, and 



