RENTING TRUCK FARMS IN NEW JERSEY. 
IT 
Table XII. — Landlord's and tenant's average receipts and expenses on 13 New Jersey 
tenant farms rented for a share other than a half. 
Landlord. 
Tenant. 
Sources of receipts: 
Nontruck crops sold. 
Truck crops sold 
Income from stock. . 
Other receipts 
Total. 
Items of expense: 
Feed 
Seed 
Commercial fertilizer 
Stable manure ■ 
Packages 
Spray material 
Tool maintenance, 18 per cent on value ($377 and $133). 
Sash maintenance, 10 per cent on value ($135 and $18).. 
Hired labor, board included 
Family labor 
Real-estate tax 
Maintenance of buildings, 4 per cent on value, $1,992. . . 
Other expenses 
Total. 
Interest on landlord's capital 
Labor income of tenant and interest on his capital 
Interest on working capital at 6 per cent (landlord, $1,722; tenant, $766) . 
Labor income of tenant 
Interest on real estate, 6.6 per cent on $7,838 
. Equivalent cash rent per acre, $7.43. 
$127 
1,488 
171 
1,786 
84 
111 
336 
169 
64 
15 
68 
14 
84 
31 
75 
80 
32 
1, 163 
623 
103 
"520 
$75 
155 
1 
1,124 
19' 
621 
503 
46 
457 
CASH RENTING. 
On farms let for a cash rent the tenant furnishes everything except, 
the land and buildings. The farms are, on the average, smaller and 
less valuable than farms let for a share. The average rent paid per 
acre is less than that which landlords receive who let their land for 
a share of the crops. This is to be expected because these farms are 
less desirable and because the landlord letting for a cash rent does 
not take the risk entailed by variation in season and market, nor 
does he risk losing an investment made in fertilizer and manure as 
do landlords who let for a share. The equivalent cash rent per acre 
on 22 cash rented farms raising early truck was $3.65 as compared 
with an equivalent of $6.88 on 90 early-truck farms let for half of 
the crops. The equivalent ©ash rent per acre on 13 cash rented farms 
raising late truck was $5.25 as compared with an equivalent of $7.29 
on 96 late-truck farms let for half of the crops. 
The cash rent is usually paid in two installments per year. No* 
set time for the payments is generally recognized, but it is usual to 
mcke the first payment as soon as some of the crops can be sold. 
On* some farms the rent is payable all or part in advance. Some 
tenants paid a certain stated cash rent and the real-estate taxes in 
addition, and one paid a stated rent and taxes and also maintained 
the buildings and fences in good condition. 
