12 



BULLETIN 337, U. S. DEPARTMENT OF AGRICULTURE. 



compared with one in 33 share renters and one in 12 cash renters. 

 The risk in share cropping is the smallest, but so is the possible reward, 

 while in cash renting both the risks and possible rewards are much 

 higher. When all the cases are averaged, however, it appears that 

 cash renters make one-half again as much as share croppers, while 

 share renters make about one-fifth more than share croppers. 



/ Table VII, 



Amount 



of 

 income. 



Percentage having a labor income of not 

 less than each specified amount. 



Amount 



of 

 income. 



Percentage having a labor income of not 

 less than each specified amount. 



All 



tenants. 



Share 

 croppers. 



Share 

 renters. 



Cash 

 renters. 



All 



tenants. 



Share 

 croppers. 



Share 

 renters. 



Cash 

 renters. 



. 



$100 



200 



300 . 

 400 . 

 600 



98.0 

 94.0 

 82.0 

 59.9 

 36.1 

 22.1 



98.8 

 97.1 

 84.3 

 56.6 

 24.6 

 10.1 



97.1 

 92.0 

 77.3 

 61.9 

 43.5 

 26.4 



95.6 

 90.2 

 80.8 

 63.9 

 50.1 

 37.0 



8600.... 

 700.... 

 800.... 

 900 ... - 

 1,000.... 



15.0 

 10.6 

 6.7 

 4.5 

 3.5 



5.1 

 2.4 

 1.0 

 0.5 

 0.5 



19.2' 

 12.3 

 7.4 

 3.7 

 3.0 



28.2 

 21. & 

 15.1 



11.1 



8.4 



LANDLORDS' PROFITS IN RELATION TO TENANTS' LABOR INCOME. 



Table VIII shows the rate of interest received by landlords on their 

 investment in farms whose tenants made each specified labor income. 

 The accompanying chart (fig. 3) shows the relationship graphically. 



Table VIII. 



Class of tenants. 



Labor income. 



All 

 tenants 



Deficit. 



Under 

 $100. 



$100 to 

 $299. 



S300 to 

 $499. 



$500 to 

 $699. 



$700 to 

 $999. 



$1,000 

 and 

 over. 



Number of tenants in each labor income group. 



All tenants 



Share croppers 

 Share renters.. 

 Cash renters... 



All tenants 



Share croppers 

 Share renters.. 

 Cash renters... 



878 



18 



35 



299 



332 



101 



62 



445 



1 



12 



180 



204 



38 



8 



136 



4 



7 



41 



48 



18 



14 



297 



13 



16 



78 



80 



45 



40 



Average rate of interest on landlord's investment on holdings of 

 tenants in each labor income group. 



10.6 



7.0 



5.5 



8.2 



12.7 



13.2 



9.6 



13.6 



1.1 



3.1 



8.7 



15.5 



19.8 



18.2 



11.8 



7.1 



8.0 



9.2 



12.4 



13.3 



14.8 



6.6 



8.0 



5.7 



6.8 



6.7 



6. 4 



6.0 



10.2 

 25.7 

 16.6 

 7.1 



The landlord made only 1.1 per cent on his investment in the case 

 of the share cropper who lost money and only 3.1 per cent where 

 the tenant made under $100, but the rate increased rapidly with the 

 tenants' labor income, and in the cases where the tenant made as 

 much as $1,000 he gave the landlord a return of over 25 per cent 



