RENTING TEUCK FAEMS IN" NEW JEESEY. 



13 



Table IX. — Suminary of a year's business on a successful late-truck farm let for half of 



the crops — Continued. 



liandlord. 



.Tenant. 



Items of expense — Continued. 



Tool maintenance, estimated at IS per cent on value 



Shoeing and veterinary 



Taxes and insurance on working capital 



Regular labor, board included 



Faniily labor 



Real-estate tax 



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



62 

 100 



Total expense. 



Interest on landlord's capital 



iabor income of tenant and interest on his capital. 



SLtv per cent interest on working capital 



Interest on real estate, 10.6 per cent 



Labor income of tenant , 



1,605 



■ 21 



1,584 



117 

 25 

 24 

 700 

 200 

 62 



2,286 



1,704 

 222 



1,482 



This farm had 43 acres in truck crops as compared with 22 on the 

 average of 96 late-truck farms let for half of the crops; the acreage 

 of nontruck crops was practically the same as the average, but the 

 value of nontruck crops per acre was greater; the value of truck 

 crops per acre was $90 as compared with $73 on the average farm. 

 The mcome from stock was $2,000, as compared with $1,262 on the 

 average farm, although the number of cows kept was the same. This 

 farm was more successful than the average, largely because of the 

 greater acreage m truck crops, the greater sales of truck crops per 

 acre in truck, and the greater indome from stock. 



The cost of feed on this farm was about the same as on the average 

 farm, but» the cost of fertilizer was more than twice as much, and 

 because of the larger acreage of white potatoes the cost of seed was 

 greater than on the average farm by $204, Labor other than the 

 tenant's exceeded by $304 that used on the average of these 96 

 farms. On the value of the real estate, 10.6 per cent was realized. 

 The labor income of the tenant was $1,482, which was exceeded by 

 that of only two other tenants m the group of 96 farms. 



FARMS LET FOR HALF OF THE CROPS AND HALF OF THE MILK. 



The 12 farms from which the landlord received as rent half of the 

 sales of all crops and half of the income from the dairy are located, 

 in the main, on the heavier soil type, and dairying is an important 

 enterprise. These farms arc, on the average, larger and more desir- 

 able than the farms growing late truck, which give only half of the 

 crops as rent. The average sahis of dairy products on these 12 farms' 

 araount<Kl to $2,700, in comparison with $925 from the 96 late-truck 

 farms let for half of the crops. 



On the farms of this group the tenant furnishcnl the work stock, 

 tools, machinery, labor, and all the productive stock except the 

 dairy herd, in whifh ho, had a lialf interest. In a few instances the 



