STUDY OF FARMING IN SUMTER COUNTY, GEORGIA. 



15 



Table III — Relation of tenure to distribution of investment (5&Ji farms, Swnter 



County, Ga.). 





White. 



Colored. 



Distribution of investment. 



Owners. 



Owners, 



addi- 

 tional, a 



Owners, 



part 



rented 



out.& 



Tonants 



(farm 



basis), c 



Owners. 



Owners, 

 addi- 

 tional. a 



Owners, 



part 

 rented 



out.' 1 



'1 fiianl 



(farm 

 basis).*! 





160 



$13, 773 



38 



$10, 521 



70 

 $26, 883 



49 



$5, 685 



12 



$5,984 



11 



$3,043 



8 

 $15,998 



186 



Total capital per farm 



$3,210 



Per cent of total investment in : 



65.1 

 6.8 

 4.8 

 4.3 



53.7 

 6.9 

 7.3 

 5.1 



71.6 

 4.5 

 5.8 

 4.3 



68.8 

 7.8 

 4.0 

 3.3 



72.4 

 5.8 

 3.9 

 2.7 



63.3 

 3.6 

 1.2 

 1.9 



75.0 

 5.9 

 3.8 

 5.9 



77.0 









5.7 





2.0 







Total land and build- 



81.0 



73.0 



86.2 



(2 83.9 



84.8 



70.0 



90.6 



<2 84.7 









7.3 

 1.3 

 2.8 

 5.0 

 2.6 



10.1 

 1.3 



2.8 

 6.7 

 6.1 



5.5 

 .7 

 2.0 

 3.6 

 2.0 



7.4 

 1.6 

 2.4 

 4.1 

 .6 



6.8 

 1.3 



2.2 

 4.2 

 .7 



14.4 

 3.1 

 3.4 

 6.8 

 2.3 



5.3 



.5 



1.3 



2.0 



.3 



7.4 





1.4 





2.0 





3.9 



Cash 



.4 







a Does not include investment in rented land. 

 6 Includes the investment in land rented out. 

 c Landlord's and- tenant's investment combined. 

 d Landlord's share of investment. 



The investment in feed and supplies represents the inventory 

 value of the feed and other supplies that were on hand at the begin- 

 ning of the farm year. The item which makes the feed supplies 

 investment seemingly of such importance is that for cotton seed, 

 which some of the farmers each year hold over in abundance and 

 use during the late spring for feed, seed, and fertilizing purposes. 



Where farmers had cash of their own to run their farms during 

 the year this item was carried as a part of the farm investment. 

 Many of these farmers borrow all or a part of the money for the 

 payment of their yearly expenses. The uneven distribution of the 

 portion of the investment represented by this item is mostly explained 

 by the fact that more money was borrowed for the payment of 

 yearly operating expenses under some forms of tenure than under 

 others. A much higher percentage of the white tenants and of all 

 colored farmers borrow money for current operating expenses. 



The farms operated by colored farmers show a higher percentage 

 of total investment in land and lower in buildings than do the farms 

 of white operators of the same tenure group. 



The owners with additional rented land had a lower percentage of 

 the total investment in land and a higher percentage in work stock 

 than the men operating straight owner propositions. This additional 

 investment in work stock is necessary in order to operate the extra 

 land rented. In case of the owner with a part of his land rented out 

 the proposition is exactly the reverse. His additional investment in 

 land not operated by labor or equipment furnished by him will 

 reduce his percentage investment in work stock. 



