BULLETIlSr 411, U. S. DEPARTMENT OF AGEICULTURE. 



long as a fair price can be obtained, and the remainder of the crop is 

 sold for canning purposes. The price obtained for tomatoes sold to 

 the canneries sometimes drops so low that when the tenant hires his 

 picking done it becomes unprofitable for him to handle the crop for 

 half, unless the landlord pays a part of the cost of picking. The 

 price usually paid for picking cannery tomatoes is 1^ to 2 cents a 

 basket. More is paid for the picking of early tomatoes for city 

 markets, but this expense is paid entirely by the tenant. 



The landlord pays a half of the cost of packages in which crops 

 are sold. The tenant frequently furnishes all of the baskets in which 

 crops are gathered and in which the tomatoes are carried to the 

 canneries. 



The tenant meets the cost of tool and stock maintenance. On 81 

 of the 90 early-truck farms the landlord paid all of the real-estate tax, 

 and on the other farms the tenant paid half. 



In Table V are summarized the average receipts and expenses of 

 the 90 early-truck farms. 



Table V. — Landlord's and tenant's average receipts and expenses on 90 New Jersey 

 early-truck farms rented for half of the crops. 



Landlord. Tenant. 



Sources of receipts: 



Nontruck crops sold 



Tomatoes 



Sweet potatoes 



White potatoes 



other sales of truck 



Dairy products (3.3 cows) . 



Poultry and eggs 



other income from stock. . 

 other receipts 



$131 

 727 

 536 

 63 

 184 



$17 

 727 

 536 



64 

 171 

 126 

 168 



64 

 7 



Total receipts . 



Items of expense: 



Feed 



Seed 



Commercial fertilizer 



Stable maniire 



Packages 



Spray material 



Tool maintenance, estimated at 18 per cent on value 



Sash maintenance, estimated at 10 per cent on value 



Hired labor, board included 



Family labor : 



Real-estate tax 



Maintenance of buildings, estimated at 4 per cent on value . 

 other expenses 



34 



35 



350 



372 

 109 



7 



238- 

 33 

 23 



117 

 8 



121 

 8 



704 



162 

 4 



Total expenses . 



Interest on landlord's capital 



Labor income of tenant and interest on his capital ,,., 



Interest at 6 per cent on working capital i (landlord $535, tenant S2,398). . 



Labor income of tenant - 



Interest on real estate (7.4 per cent on $6,909) ^ 



Equivalent cash rent per acre, 86. 88.^ 



542 

 "32" 



'sio' 



403 

 144 

 259 



i Working capital. — The capital used to operate the farm, and consisting of work stock, productive stock, 

 tools and machinery, sash, feed and supplies, and cash necessary to meet current farm expenses. 



2 Labor income of the tenant. — What he gets for his year's work "in addition to the use of a nouse and farm 

 food and fuel products. It is obtained by deducting from his receipts all his farm expenses, including the 

 cost of hired labor, the value of family labor employed on farm work, whether paid or vmpaid, and interest 

 and maintenance charges on his working capital. 



3 Interest on real estate. — What the landlord gets for the year's use o' the farm (land and buildings). It is 

 obtained by deducting from his receipts all farm expenses met by him, including maintenance charges on 

 his working capital and farm buildings and interest on his working capital. 



* Equivalent cash rent. — Consists of Interest on the real-estate investment, building maintenance, and all 

 real-estate taxes, whether paid by owner or tenant. 



