FARM MANAGEMENT IIST SUMTER COUNTY, GA. 



31 



farming in 1918 to have more capital tied up in a given sized business 

 than would have been necessary in 1913. Similarly, the tenant with 

 a given amount of capital could not operate as much land in 1918 as 

 in 1913. 



FARM EARNINGS. 



The farm earnings for this area have been computed as follows : 



1. Farm income. — The combined earnings for tlie farm capital and for the 

 farmer's labor and mana.gement, found by deducting the farm expenses from the 

 farm receipts. 



2. Labor income. — The earnings of the farmer's labor and management after 

 allowing a fair rate of interest for the use of the farm capital. The labor in- 

 come for this area is found by deducting from the farm income 7 per cent inter- 

 est on the capital. 



3. Per cent return on capital. — The earnings for the farm capital after allow- 

 ing for the farmer's labor and management. This is found by deducting the 

 value of the farmer's labor and management from the farm income, and express- 

 ing the remainder as a per cent of the capital. 



Table 11. — Relation of size of farm to capital, Sumter County, Ga. 



- 



White 



Dwners. 



Colored tenants. 



Operator's capital. 



Number of 

 farms. 



Average num- 

 ber of tilled 

 acres. 



Number of 

 farms. 



Average num- 

 ber of tilled 

 acres. 





1913 



1918 



1913 



1918 



1913 



1918 



1913 



1918 



$500 or less 











131 

 ( 39 



{ J 



33 

 52 

 66 

 11 



4 



44 



79 



124 



214 



38 



$501 to S1,000 



I 30 



37 

 48 

 59 

 41 

 37 

 - 13 

 3 



17 



28 

 48 

 37 

 63 

 47 

 26 

 14 



38 



69 

 103 

 154 

 222 

 460 

 837 

 2,052 



31 



53 



80 



95 



158 



281 



535 



1,152 



51 



$l,001toS2,000... 



91 



$2,001 to $3,000 



131 



$3,001 to $5,000 



181 



$5,001 to $9,000 . . 





$9,001 to $14,000 











$14,001 to $25, 000... 











$25,001 to $50,000 . . . 











$50,001 to $100,000 











Over $100,000 .' 





















4. Family income. — The combined earnings of the farmer and of his family. 

 This is found by deducting the farm expenses (excluding value of family labor) 

 from the farm receipts. The family income represents the resources available to 

 the farm family at the end of the year for living expenses, interest on indebted- 

 ness, and savings, in addition to house rent, food products, and fuel furnished 

 by the farm. 



5. Family living from the farm. — The value of food products, fuel, and house 

 rent furnished directly by the farm toward the family living. This form of 

 income is in addition to farm income, family income, and labor income. 



Table 12 shows the average farm earnings of the farms in question 

 for 1913 and 1918. The white farmers, operating larger farms and 

 practicing the better methods of management, made the higher earn- 

 ings, both per farm and per acre. The returns, in 1918 were much 

 higher than in 1913, owing primarily to higher prices of farm prod- 

 ucts. Expenses did not increase so rapidly as receipts. However, 

 the decreased purchasing power of the dolkir in 1918 as com- 

 pared with 1913 made the increase in farm earnings for 1918 more 

 apparent than real. Also, considering the cost of labor and fer- 



