70 



BULiLETIN 1034, U. S. DEPARTMENT OF AGRICULTUEE. 



Fig. 8. — With the cost of production in 1918 almost twice that of 1913, there was very 

 little change in the relative importance of each item of cost. Labor represented over 

 40 per cent of the total cost for the white owner farms each year, interest on capital 

 almost 30 per cent, fertilizer around 15 per cent, and machinery a little over 5 per 

 cent. The cash cost representing money paid out during the year was about two- 

 thirds of the total, and the noncash cost, which includes the value of the farmers' 

 labor, unpaid family labor, and interest on capital (above indebtedness), was about 

 one-third of the total. Labor was slightly over .50 per cent of the total cost to the 

 colored tenants and fertilizer about 20 per cent. Since most of these farms were 

 family farms, the labor was largely noncash. About 50 per cent ot the colored tenants' 

 cost was cash and about 50 per cent noncash. 



