32 



BULLETIN 874, U. S. DEPARTMENT OF AGRICULTURE. 



Table XVIII. — Per cent of average net returns of all classes of operators on average value 



of operators' capital. 



TAMA DISTRICT. 



Tenure. 



Number of 

 farms. 



Per cent return on 

 operator's capital. 



Average value of operator's 

 capital. 



1913 



1918 



1913 



1918 



Aug., 

 1919. 



1913 



1918 



Aug., 

 1919. 





308 

 154 

 503 



86 

 28 

 97 



3.98 

 5.58 

 18.30 



4.99 

 7.02 

 31.98 



3.50 

 4.89 

 31.98 



$44,352 

 16,012 

 4,537 



$62, 132 



45,555 



7,081 



$88,404 





65,448 





7,081 







WARREN DISTRICT. 





1915 



1918 



1915 



1918 



Aug., 

 1919. 



1915 



1918 



Aug., 

 1919. 





345 

 190 

 297 



84 

 43 

 56 



3.63 

 5.31 

 12.36 



3.59 

 5.49 

 2.34 



2.43 

 3.95 

 2.34 



$21. 159 

 16,012 

 2,492 



$29,823 

 24.411 

 3,160 



$44,080 





34, OOS 





3,160 







PRECARIOUSNESS OF FARMERS' INCOMES. 



The preceding discussion of farmers' incomes is in terms of averages. 

 From the standpoint of farmers who may be undertaking the pur- 

 chase of farms on large margins of indebtedness it is important to 

 consider not only the average incomes earned, but also what propor- 

 tion of farmers were unsuccessful as measured by the failure to make 

 a plus farm labor income. Table XIX shows the per cent of all 

 farmers of each class of tenures making a minus labor income in 1918, 

 and likewise on the basis of 1919 land values. The table also shows 

 the per cent of all farmers of each class of tenure making less than 

 the estimated average value of farmers' labor and supervision in the 

 periods mentioned. In all cases the allowance for use of capital is 5 

 per cent. 



Table XIX. — Percentages of farmers making minus labor incomes and percentages 

 making less than estimated average value of farmers' 1 labor and supervision. 



1 >istrict and tenure. 



Per cent making minus 

 labor income. 



Per cent making less 

 than average value of 

 labor and superin- 

 tendence. 





1918 



Aug., 1919. 



1918 



Aug., 1919. 



Tama district: 



22 

 11 

 11 



32 

 19 

 20 



49 

 32 

 39 



62 

 42 

 38 



57 

 46 

 42 



73 

 56 

 47 



78 



Owners additional 



71 





65 



Warren district: 



85 



Owners additional 



74 



Tenants 



61 







