COTTON 279 
$25.00 a ton contains just about twice as much 
fertilizing value as cotton seed. On a basis of 66 
bushels of seed in a ton the value per bushel of seed 
is twenty cents. This price makes an even ex- 
change, without allowing the farmer anything for 
hauling seed to the oil mill. When you sell seed for 
less than 20 cents per bushel, you actually give 
more than you get in return. It follows that you 
should always receive as much as twenty-five cents 
per bushel when meal sells for $25.00 per ton. 
ON BASIS OF EXCHANGE 
But as a matter of fact you should never dispose 
of your seed except on a basis of exchange. Von 
soil cannot stand the continual drain upon it, if the 
seed are sold and nothing is put back to restore the 
fertility they draw from the land. All seed taken 
from the soil by the growing crop, should be re- 
turned to it either in form of seed, meal, or cattle 
manure. Since the oil in the seed lias no fertilizing 
value, and isof no use to the farmer, he can ex- 
change this oil for meal, the product of more 
especial value to him. But on what basis of ex- 
change? As we have mentioned before, for fer- 
tilizing purposes meal is slightly less than twice 
as valuable as seed; but you cannot haul your seed 
to the oil mill and then haul the meal to your home 
without some compensation. ‘This compensation 
should therefore be in the form of extra meal. Just 
what that amount shall be will depend on the dis- 
tance, condition of roads, and the composition of 
meal. In a general way it may be said that you 
should receive at least 1100 pounds of meal in ex- 
change for a ton of seed, and an additional 
amount to compensate you for your trouble, 
