4 BULLETIN 1034, U. S. DEPARTMENT OF AGEICULTUEE. 



These changes occurred to a greater extent on farms operated by- 

 white owners than on those of other classes of farmers. The colored 

 operators tend to stick closer to cotton than do the white operators. 



Farm earnings were much higher in 1918 than in 1913, apparently 

 owing altogether to higher prices of farm products, increased pro- 

 duction being a negligible factor. 



Average farm incoTne — 



1913. 1918. 



AVhite owners $1,665 ^h^ $3,711 BH^Kn^Hn 



^^Tiite tenants 564™ 1,353 ^hh 



Colored owners- _ 805 ^h 1,778 wm^mm 

 Colored tenants— 323 ■ 843 ^ 



Average labor income — 



1913. 1918. 



White owners $474 h $1,813 mm 



White tenants—. 505™ 1,232 h^ 



Colored owners— 263. 1,058^ 



Colored tenants— 290 ■ 768 hi 



Average per cent return on capital — i9i3. igis. 



White owners 7 11.3 



Colored owners 7 13.7 



Landlords of white tenants 6.4 9.4 



Landlords of colored tenants 8.6 14.1 



Estimated value of family living from famx {food^ fuel, shelter) , 

 1918. (No data for 1913) — 



White owners $716^ 



White tenants 560hb 



Colored owners 597 ■■ 



Colored tenants 434 » 



Between 1913 and 1918 the average estimated value of real estate 

 on the white-owner farms increased from $34 per acre to $53; the 

 estimated farm capital from $17,020 per farm to $27,118; the farm 

 receipts from $4,793 to $8,415; the farm expenses from $3,128 to 

 $4,704, and the estimated value of the farm.er's own labor from 

 $476 to $644. 



For the colored tenants, the estimated capital increased from $475 

 to $1,065; receipts from $922 to $1,842; expenses from $599 to $999: 

 and the value of the farmer's own labor from $198 to $367. The 

 estimated capital of the landlord of the colored tenant increased from 

 $2,719 per farm to $4,991, and his annual expense per tenant farm 

 from $34 to $86. 



On farms of approximately the same size, and with approximately 

 the same yield of cotton per acre, farm earnings were highest where 

 the percentage of crop land in cotton was highest. 



