8 



BULLETIN" 117, U. S. DEPARTMENT OF AGRICULTURE. 



leased on a straight half-share system, the landlord furnishing the 

 land, one-half the working capital, paying one-half of all the expenses, 

 and receiving a half share of all the farm sales. In this case the 

 operator had a labor income of $1,528 and the landlord had a return 

 of 7.4 per cent for his capital invested. 



Table III shows the average size, crop area, capital, receipts, 

 expenses, farm income, tenant's labor income, and landlord's per- 

 centage on investment on the three rented farms. 



Table III. — Average capital, receipts, expenses, farm income, tenant's labor income, and 

 landlord's percentage on investment on three rented farms %n Utah. 



[Average area of farms, 54.3 acres; average crop area, 38.7 acres.] 



Items of inquiry for three rented farms (averages). 



Tenant. Landlord. 



Capital 



Receipts 



Expenses 



Farm income 



Labor income 



Percentage on investment. 



$13, 145 



1,226 



323 



903 



The average labor income received by these tenants was $852, 

 while the landlords received 6.9 per cent on an investment of $13,145. 



DISTRIBUTION OF FARM RECEIPTS. 



In Table IV is given the distribution of receipts on 69 farms man- 

 aged by their owners. 



Table IV. — Distribution of farm receipts on 69 farms operated by their owners. 



Source of receipts (averages). 



First 



group, 35 



small 



farms. 



Second 



group, 30 



fruit and 



beet farms. 



Third 

 group, 4 

 grain and 

 live-stock 



farms. 



Average 



for all 

 69 farms. 





$617 

 89 

 95 

 44 

 109 



SI, 325 

 126 

 150 

 126 

 242 



$741 



1,094 



138 







447 



$932 



Stock 



163 





122 





77 





186 







Total 



954 



1,969 



2,420 



1,480 







Table IV shows that two-thirds of the total receipts come from the 

 sale of crops, about one-fifth from stock and stock products, and the 

 remainder from miscellaneous sources. This proportion is very nearly 

 the same on both classes of farms other than the grain and live-stock 

 farms, where the proportion of receipts from crops is only about 

 one-third of the total. That the receipts from the farms whose 

 owners rent additional crop areas are distributed in practically the 

 same proportion is shown in Table V, which gives an analysis of the 

 crop receipts on farms operated by their owners and on farms whose 

 owners rent additional land. 



