A FIVE-YEAR FARM MANAGEMENT SURVEY IN OHIO. 39 



ings was in barns, although many farm buildings, such as sheep 

 stables, wagon houses, corn cribs, granaries, poultry houses, and an 

 occasional tenant house, were included with the barns. The invest- 

 ment in this class of buildings was $847 per farm or somewhat less 

 than that in dwellings. It represented about one-eighth of the farm 

 investment. 



WORKING CAPITAI,. 



The investment in live stock represented more than one-half of 

 the working capital. For the five-year average it amounted to $982 

 per farm, or about one-sixth of the farm investment. 



The investment in machinery was 5 per cent of the farm invest- 

 ment and amounted to $319 per farm, or $7 for each acre of crops. 



Feed and supplies included the value of all crops on hand at the 

 beginning of the year that were intended to be fed on the farms or 

 used as seed. It consisted principally of corn and hay, althoug^i 

 wheat, oats, and timothy, clover, and soy-bean seed were also listed 

 Tinder feed and supplies. This investment amounted to $247 per 

 farm, or less than 4 per cent of the total farm investment. 



The average amount of cash carried on hand for use in the farm 

 business was $57 per farm, and represented a little less than 1 per 

 cent of the total investment. 



With a gradual increase in the farm investment from 1912 to 

 1916, the percentage each item represented of the total investment 

 would have been uniform from year to year if the several items had 

 increased in the same proportion. Increase in the investment in 

 dwellings, other buildings, machinery, feed and supplies, and in the 

 cash used for operating the farms kept pace with the increase of 

 the total farm investment, and shows practically the same percentage 

 of the total investment each year. The investment in land, how- 

 ever, remaining about the same throughout the period, shows a 

 yearly decrease in its percentage of the total investment. The in- 

 vestment in live stock, increasing more rapidly than any other item 

 of the investment, shows a yearly increase in the percentage of the 

 farm investment. 



YIELD PER ACRE OF THE MORE IMPORTANT CROPS. 



The yield per acre of the important crops over the five-year period, 

 as shown in Table VIII, was much greater than the acreage varia- 

 tion of these crops. In 1912, 1914, and 1915 the yields of corn were 

 practically the same, while 1913 was decidedly the best corn year 

 and 1916 the poorest. 



Wheat gave an average yield in 1912, with low yields in 1913 and 

 1916 and with good yields in 1914 and 1915. 



