EEIfTING' TEITCK FAEMS IIST NEW JEESEY. 



15 



In Table XI is suininarized the year's business of a farm let for 

 half of the crops and half of the dairy receipts. This farm is con- 

 siderably more profitable to both landlord and tenant than the 

 average of the 12 farms with which it is grouped in Table X. 



Table XI. — Summary of a yearns business on a successful farm on which the milk, as well 

 as the crop receipts, were divided. 



Acres ia farm, 135; value of farm, §13,000; buildings alone, 15,000. 



Working capital furnished by tenant, $5,545, consfsting of stock (7 work horses, 15 cows, 5 young cattle, 



8 hogs, poultry), S3, 245; machinery and tools, $1,200; feed and supplies, $900; cash, $200. 

 Working capital furnished bv landlord, $2,470, consisting of stock (15 cows, 5 young cattle), $1,570; feed and 



supplies, $900. 

 Acres in pasture, 9. 

 Acres in nontruck crops, 85 (field corn 25, silage com 15, upland hay 25, marsh hay 20); value of nontruck 



crops produced, $3,052; value of nontruck crops per acre, $36. 

 Acres in truck crops, 30; sales, $3,354; sales per acre in truck, $112. 



Landlor i . T enant . 



Sources of receipts: 



Com sold 



Upland hay sold 



^\' hite potatoes (30 acres) 



Income from stock .- 



Milk, .?4,400; calves, $72 (shared equally); hogs, $35; poultry and eggs, $550 

 (tenant has all); increased value of stock, landlord, $140; tenant, $240. 



Income from stock and crops 



Items of expense: 



Feed 



Seed potatoes 



Gi^ss seed 



Potato fe'-tilizer 



Com fertilizer (broadcasted) 



Baskets 



Bordeaux mixture 



Other spraj' material t , 



Tool maintenance, estimated at 18 per cent on value 



Sh oeing 



Veterinary 



Ta.ves and insurance on working capital 



Hired labor, board included 



Family labor (none) 



Real-estate tax 



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



Total expense 



Interest on landlord's cap Hal r. 



Labor income of tenant and interest on his capital . 



Six per c?nt interest on working capital 



Interest on real estate, 18.3 per cent 



Labor income of tenant 



$175 



219 



1,677 



2,376 



700 

 200 



50 



SCO 



180 



8 



40 



150 

 200 



1,913 



2,534 



148 

 2,386 



$175 



219 



1,677 



3,061 



5,132 



700 

 200 



216 



30 



6 



28 



950 



2,506 



2,626 

 333 



2,29a 



This farm had 30 acres of truck crops and 85 acres of nontruck 

 crops, which acreages exceed by 7 and 19 acres, respectively, those 

 of the averages for the 12 farms with which it is grouped in Table X. 

 The value of nontruck crops per acre was slightly greater on this 

 farm than the average of the group, and the sales of truck crops 

 wore SI 12 per acre as compared with $75. The income from stock 

 (S5,437) exceeded by $2,255 that of the average of the group, and 

 was more than four times as g^reat as that for the average of 96 late- 

 truck farms let for half of the crops. This farm was heavily equipped 

 with buildings, which included three silos. The expenses for feed, 

 seed, fertilizer, and labor were greater than for the average of the 12 



