FARM MANAGEMENT IN LENAWEE COUNTY, MICH. 21 
TaBLE XII.—Relation of capital to labor income on 300 owner farms, Lenawee County, 
Mich. : 
| Number | Average | Average 
EES 
Capital. of size of | AveIEG labor 
farms. farms. t * | income. 
Acres 
SE OOOPAM RIESE tee ee ies ene NOE ra cyan Ao Re Shame See ot 67 | 50 $4, 850 | _ $276 
DA Esto Lk OOO See 2a) ie 8 es SE ee ESS: eS: 109 83 9, 033 386 
tO EOlS To) UO ae nar 5 ae See eee ae ae en Ne es o4 109} (12,813 488 
BESO TS EOPS 20 OOO reser a Okt ee ee a ae a 39 | 154 17, 550 569 
CTE ADLCT IS 5 ie Stale SCRE Cock fem aie i aie URL ae ene 31 | 220 | 27,124 1, 139 
481 
JEL COTIN ak Se Lo Siri eos Say a ala ak 300 | 104 | 11, 756 
| 
By a study of Table XII it will be seen that with but few excep- 
tions, labor income keeps pace with the increase in capital in the dif- 
ferent groups. Throughout the table there is an almost constant in- 
crease in the average labor income as the average investment increases. 
Beginning with the first group of 67 farms with $7,000 and less in capi- 
tal, and an average investment of $4,850, the average labor income is 
$276 per farm; whereas, in the last group of 31 farms, with an aver- 
age investment of $27,124, the average labor income is $1,139 per farm. 
This table emphasizes the importance of size of the farm business as 
measured by the capital invested. 
EXPENSES. 
It is to be expected that as the size of the farm increases the 
expenses must accordingly become greater. While this is true, the 
operating expenses and the expense of upkeep and repairs are nor- 
mally less per acre on a large farm than on asmall one. Here, again, 
the size of business becomes a factor in efficient and profitable man- 
agement. 
TaBLeE XII1.—Relation of size of farm to annual cost of buildings, fences, and machinery 
per farm and per acre on 300 owner-farms, Lenawee County, Mich. 
Farms with each'specified acreage. 
All farms. | | | 
60 acres | 61 to 100 | 101 to 160 Over 160 
and less. | acres. | acres. acres. 
Wirt beromlarms: sa— ee  e s ee 300 | * 66 | 124 (Pot 38 
Annual cost per farm: ; | 
rt Gtr pee ee a oe = ne ae $143. 00 $99.00 | $128.00} $164.00 $226. 00 
INGICESe as Sa ee 19. 00 14. 00 16. 00 25. 00 27. 00 
Implements and machinery ........-...---.--.-- 26. 00 14. 00 23. 00 32. 00 50. 00 
REYES in Ba Soe el 188.00 | 127.00| 167.00) 221.00 303. 00 
PASH COS UCR ACC re Sr: ee Sein 2 Oe Se ete 1 St 2.85 | 1.99 ikea 1.36 
Table XIII shows the relation of size of farm to expenses, including 
interest, general repairs, cost of farm buildings and machinery, and 
cost and repairs of fences on 300 owner-farms. It will be seen that 
the annual cost of buildings, fences, implements, and machinery per 
