FARMING IN THE BLUEGRASS REGION. 



19 



Table XII. — Showing the grouping of farms on the. basis of type, the Size of 

 farm, the distribution of capital, and, the labor income of each. 



Type of farm. 



Number 



of 

 records. 



Average 

 size of 

 farm. 



Total 



capital 



per farm. 



Real 



CSlllI (• 



per farm. 



Working 



capital 



per farm. 



Labor 



income 



per farm. 



Tobacco 



31 

 61 

 36 

 31 

 18 

 10 



Acres. 

 171 

 300 

 328 

 367 

 457 

 163 



$24,693 

 34,841 

 43, 198 

 45, 613 

 44, 148 

 22,494 



$21, 729 

 30, 069 

 38,540 

 38, 468 

 35, 603 

 17, 732 



$2, 964 

 4,772 

 4,658 

 7,145 

 8,545 

 4,762 



$503 



Tobacco stock 



778 



General mixed 



471 



Stock with tobacco 



1,202 



Stock with no tobacco 



994 



Dairy 



1,931 







All farms 



187 



310 



37, 793 



32, 585 



5,208 



686 







Tobacco, of course, occupies relatively but a small part of the 

 area even of the. tobacco farms, while pasture occupies from one- 

 third to more than one-half of the farm area on the stock, farms. 

 (See figs. 11 and 12.) 



RELATION OF TYPE OF FARM TO EFFICIENCY. 



In Table XIII an important point to be observed is the relation 

 between land earnings and 5 per cent interest on land values, which 

 may be regarded as rent. The average of each type, except the gen- 

 eral mixed type, is making something above operating expenses. The 

 average of all farms shows almost a balance between land earnings 

 and rent. The dairy type shows the highest profits and highest effi- 

 ciency. This type is limited in its development, however, since it de- 

 pends for marketing its product on the local towns and cities. The 

 type not thus limited in its development which shows the highest 

 efficiency is the stock-with-tobacco type. With the exception of the 

 dairy -farms, this type had the highest percentage of farms making 

 over $500 labor income. The general mixed farms had the lowest 

 efficiency and the lowest percentage of farms making this amount of 

 labor income. 



Table XIII. — Relation of type of farm to efficiency. 



Type of farm. 



Number, 

 of rec- 

 ords. 



Value of 

 total pro- 

 duction 

 per acre. 



Operating 

 expense 

 per acre. 



Land earn- 

 ings per 

 acre. 



5 per cent 

 interest on 

 land value. 



Per cent of 

 farms with 

 over $500 

 labor in- 

 come. 



Tobacco 



31 

 61 

 36 

 31 

 18 

 10 



$28. 40 

 24.80 

 22.14 

 28. 20 

 16.97 

 47.88 



$22. 50 

 19.50 

 17.11 

 19.70 

 12.60 

 28.82 



$5.90 

 5.30 

 5.03 

 8.50 

 4.37 



19.06 



$6.35 

 5.00 

 5.90 

 5.25 

 3.90 

 5.45 



50 

 50 

 36 

 58 



55 

 70 



Tobacco stock 



General mixed 



Stock with tobacco 



Stock with no tobacco 



Dairy 





Average of all 



187 



21.40 



16 06 s 9.1 



5.25 



49 









