"FARM MANAGEMENT IN LENAWEE COUNTY, MICH. 



21 



Table XII. — Relation of capital to labor income on 300 oivner farms, Lenaivee County , 



Mich. 



Capital. 



Number 



of 

 farms. 



Average 

 size of 

 farms. 



Average, 

 capital. 



labor 

 income. 



$7,000 and less... 

 $7,001 to $11,000. 

 811,001 to $15,000 

 $15,001 to $20,000 

 Over $20,000 



All farms.. 



67 

 109 

 54 

 39 

 31 



Acres. 

 50 

 83 

 109 

 1,54 

 220 



104 



$4, 850 

 9, 033 

 12,813 

 17, 5.50 

 27, 124 



11,756 



$276 

 386 



569 

 1,139 



By a study of Table XII it wiU be seen that with but few excep- 

 tions, labor income keeps pace with the increase in capital in the dif- 

 ferent groups. Throughout the table there is an almost constant in- 

 crease in the average labor income as the average investment increases. 

 Beginning with the first group of 67 farms with $7,000 and less in capi- 

 tal, and an average investment of $4,850, the average labor income is 

 $276 per farm; whereas, in the last group of 31 farms, with an aver- 

 age investment of $27,124, the average labor income is $1,139 per farm. 

 This table emphasizes the importance of size of the farm business as 

 measured by the capital invested. 



EXPENSES. 



It is to be expected that as the size of the farm increases the 

 expenses must accordingly become greater. While this is true, the 

 operating expenses and the expense of upkeep and repairs are nor- 

 mally less per acre on a large farm than on a small one. Here, again, 

 the size of business becomes a factor in efficient and profitable man- 

 agement.' 



Table XIII. — Relation of size of farm to annual cost of buildings, fences, and machinery 

 per farm aiid per acre on 300 owner-farm,s, Lenawee County, Mich. 





! 



All farms. 



. 1 

 1 



Farms with each specified acreage. 





60 acres 

 and less. 



61 to 100 

 acres. 



101 to 160 

 acres. 



Over 160 

 acres. 



Number of farms 



. ... 300 



66 



124 



72 



38 









Annual cost per farm: 

 Buildings 



$143. 00 



899. 00 

 14.00 

 14.00 



$128. 00 

 16.00 

 23.00 



$164. 00 

 25.00 

 32.00 



$226 00 



Fences 



• Implements and machinery 



i 19.00 



i 26. 00 



27.00 

 50.00 









Total 



Annual cost per acre 



' 188.00 



1.81 



1 



127. 00 



2.85 



167. 00 

 1.99 



221. 00 

 1.71 



303. 00 

 1.36 



Table XIII shows the relation of size of farm to expenses, including 

 interest, general repairs, cost of farm buildings and machinery, and 

 cost and repairs of fences on 300 owner-farms. It wiU be seen that 

 the annual cost of buildings, fences, implements, and machinery per 



