10 



BULLETIN 1101, U. S. DEPARTMENT OF AGEICULTUEE. 



In Delaware the farm property is assessed for taxation by four 

 men who visit each farm. These men place a separate market value 

 on the different grades of raw land, such as swamp, tillable, etc. The 

 value of the buildings is appraised, as is also the market value of 

 the livestock. Since values are not placed on the separate buildings 

 and on cows individually by these assessors, the field man had an- 

 other appraiser visit each herd and value each building and cow 

 separately, using the total figures of the assessors as a basis. 



BUILDINGS. 



The first column of Table 8 shows that the 2-year average invest- 

 ment in dairy buildings, including silos, was $148.14 per cow. The 

 investment in buildings the first year was $111.07 per cow. The 

 higher investment for the 2-year average was due to one dairyman 

 constructing a barn and two tile silos which cost $25,500. The 2-year 

 average investment in buildings, not including the large barn and 

 silos, would have been $100.05 per cow. This investment is also 

 higher than it would have been had not a number of other barns and 

 silos been erected during recent years when prices were high; also 

 a number of tile silos were erected which had large initial costs. 



The depreciation of the buildings was based upon their remaining 

 years of usefulness. Insurance charges were obtained from the in- 

 surance agents. The cost for upkeep and repairs was obtained by 

 keeping an actual record of expenditures during the year. 



The footing of the first column shows that the total of the costs 

 against buildings amounted to 9.7 per cent of the capital invested in 

 buildings. The other footings show corresponding percentage rela- 

 tionships. 



Table 8. — Per cent relationship between " other costs " and capital invested. 



Item. 



Buildings. 



Equip- 

 ment. 



Cattle. 



Total. 



Capital invested 



Capital invested, per cow. 



Interest 



Depreciation 



Taxes 



Insurance 



Upkeep and repairs 



MiUdng-machine repairs. 



Total. 



$78,560.82 

 148. 14 



Per cent. 

 4.9 

 2.9 

 .9 

 .3 

 .7 



$8, 566. 18 

 16.15 



Per cent. 



5.3 



22.3 



$82, 158. 00 

 154. 93 



Per cent. 

 6.0 

 8.1 



$169,285.00 

 319. 22 



Per cent. 



1.1 

 .2 



28.9 



15.4 



1 Per cent which the expenses listed bear to total investment. 



EQUIPMENT. 



A monthly record of repairs and renewals of equipment was kept. 

 The amounts spent for dairy supplies were also recorded monthly and 

 amounted during the year to 69 cents per cow. 



