FARM MANAGEMENT PRACTICE OF CHESTER COUNTY, PA. 71 



income of 7.3 per cent, the average labor income of the 378 owners 

 is $548. Under similar conditions the average labor income of the 

 124 tenant farmers is $739. 



Table XXXVII. — A comparison of the labor income of owners and tenants by 

 allowing 7.3 per cent interest on the total farm investment, instead of 5 per 

 cent (7.3 per cent is the average rate of the landlord's interest on invest- 

 ment) ; survey 1912, Chester County. 





Number 



of 

 farms. 



Number 



of 



acres. 



Per farm. 





Capital. 



Farm 

 income. 



Labor 

 income. 



Owners 



378 

 124 



90 



106 



$10, 486 

 12,030 



$1,313 

 1,617 



$548 





739 







Approximately half of this difference is due to the fact that the 

 tenant farms on the average are more than one and one- fourth times 

 as large as the average of the owned farms, but part is also probably 

 due to the fact that the tenant farms on the average have a larger 

 number of dairy cows, usually of somewhat more than average quality. 

 While these tenants make larger labor incomes than the owners, it 

 must be remembered that the owners have the interest on their invest- 

 ment in addition to this labor income, so that the owner's families 

 have larger total incomes than those of the tenants. 



This bulletin contains ample evidence that the young farmer who 

 has relatively little capital will find it to his best interests to become a 

 tenant on a farm of considerable magnitude rather than to undertake 

 the same type of farming on a much smaller farm which his capital 

 might enable him to own. 



RELATION OF TENANTS' LABOR INCOME TO SIZE OF FARM AND TO TYPE OF 



TENANCY. 



Of the 124 tenants whose business was analyzed in this survey 53 

 were cash and 71 share tenants (see Table XXXVIII). On the 

 whole, the average size of farms operated by cash tenants was smaller 

 than that operated by share tenants. 



Table XXXVIII. 



-Relation of size of farm to tenant's labor income, capital 

 allowed 5 per cent interest. 





Cash tenants. 



Share tenants. 



Size of farm, in acres. 



Number 



of 

 farmers. 



Average 

 capital. 



Labor 

 income. 



Number 



of 

 farmers. 



Average 

 capital. 



Labor 

 income. 



6C and less 



17 

 15 

 14 



7 



$1,024 

 2,219 

 3,696 

 4,219 



$487 



807 



1,411 



1,499 



9 

 21 

 31 

 10 



$925 

 1,713 

 2,371 

 2,857 



$428 

 499 



61 to 100 



101 to 160 



766 



161 to 200 



944 









53 



2,490 



954 



71 



2,061 



669 











