IRRIGATED FARMING IN TWIN FALLS COUNTY, IDAHO 29 
TABLE 8.—Receipts, expenses, and various incomes on general crop farms, 1919-1922 
| l 
Item 1919 | 1920) sh, 1920 1922 
WARINS SHOMIOG. (UI OR Sa 52 27a nn cE a | 190 | 178 | 169 67 
Dollars | Dollars | Dollars | Dollars 
RRECEIDESHDeT Lenin saa ke Le ae Ss eS SS 4, 958 | 3, 625 2, 665 3, 332 
IF XNpPeNSes pon tari n= (eho san. eee ol ke eee Ae ee 2, 200 | 2, 314 1, 929 1, 768 
anmL ARCOM Ors 22 era PNY 8 deter set ee er 2, 758 | 1,311 736 | 1, 564 
intereshionveapital ate7 pericent=5-= = ee ee 2, 155 2, 068 1, 484 1, 462 
MENTO GD INOS cent h le | VUES” LY Deen tate Eth 603 | *—757| —748 102 
CIV RII OMNIS te en es 5 ee, ens ge eels wi auanen Cae By ie 2, 869 1, 488 813 1, 650 
Returmytorcapital,. pet Cont sess ss eS 0 eae ee Sees Ee 6.1 0.9 —0. 2 Bat 
} } 
The terms used in Table 8 have the same general significance as usually found in published farm survey 
literature (See Farmers’ Bulletin 1139). ‘‘Family-used perquisites’’ are included in output per farm in 
Table 7, while receipts in Table 8 do not include this item. For this reason Table 7 shows a higher 
percentage return to capital than Table 8. Output and input in Table 7 are greater, respectively, than 
receipts and expenses in Table8. The returns from livestock are expressed in Table 7 in terms of cash sales 
of livestock and livestock products, cash purchases of livestock, and inereased and decreased inventories, 
while in making up Table 8 a figure expressing the net return from livestock was used. Hence the differ- 
ence between (1) output and receipts and (2) input and expenses in Tables 7 and 8. 
The business of the general crop farms is further summarized in 
Table 8 in terms of receipts, expenses, and various incomes that the 
results of this survey may be more readily compared with the results 
of other surveys presented in these terms. Farm income (see also 
U.S. Department of Agriculture, Department Bulletin 1338, pp. 13,14), 
it will be seen, is the average receipts less the average farm expenses. 
Labor income is farm income less 7 per cent interest on the aver- 
age farmcapital. Seven per cent was used in computing laborincome, 
since the average farm mortgage rate for Twin Falls County in 1919 
(as shown by the census report) was 7.2 per cent. Family income 
(computed on an owner-farm basis) is farm income plus the estimated 
value of the unpaid labor of members of the family other than the 
farm operator. Family income averaged $2,869 in 1919, $1,488 in 
1920, $813 in 1921, and $1,650 in 1922. 
If there were no interest and other debts to pay, family income 
(computed on an owner-farm basis) represents rather accurately the 
average plane upon which these farm families had to live during the 
period covered by the study. Family income represents approxi- 
mately the average amount that was available per farm family with 
which to buy clothing and food, pay debts, make improvements, and 
meet the many personal expenses and obligations which come to 
every farm family. It should be remembered, however, that family 
income varied widely among the individual farms from year to year. 
The figures presented here are averages. 
VALUE OF REAL ESTATE PER ACRE 
Table 9 shows the approximate earning value of real estate per 
acre for each of the four years when the net return per acre is capi- 
talized at some given percentage. The net return to the farm capital 
in Table 9 is carried forward from Table 7. Since capital consists 
of real estate and working capital, it is necessary to make a deduc- 
