RENTING TRUCK FARMS IN NEW JERSEY. 
15 
In Table XI is summarized the year's business of a farm let for 
half of the crops and half of the dairy receipts. This farm is con- 
siderably more profitable to both landlord and tenant than the 
average of the 12 farms with which it is grouped in Table X. 
Table XI. — Summary of a year's business on a successful farm on which the milk, as well 
as the crop receipts, were divided. 
Acres in farm, 135; value of farm, $13,000; buildings alone, $5,000. 
Working capital furnished by tenant, $5,545, consisting of stock (7 work horses, 15 cows, 5 young cattle, 
8 hogs, poultry), $3,245; machinery and tools, $1,200; feed and supplies, $900; cash, $200. 
Working capital furnished by landlord, $2,470, consisting of stock (15 cows, 5 young cattle), $1,570; feed and 
supplies, $900. 
Acres in pasture, 9. 
Acres in nontruck crops, 85 (field corn 25, silage corn 15, upland hay 25, marsh hay 20); value of nontruck 
crops produced, $3,052; value of nontruck crops per acre, $36. 
Acres in truck crops, 30; sales, $3,354; sales per acre in truck, $112. 
Sources of receipts: 
Corn sold 
Upland hay sold 
"White potatoes (30 acres) 
Income from stock 
Milk, $4,400; calves, $72 (shared equally); hogs, $35; poultry and eggs, $550 
(tenant has all); increased value of stock, landlord, $140; tenant, $240. 
Income from stock and crops. 
Items of expense: 
Feed 
Seed potatoes 
G^ass seed 
Potato fertilizer 
Corn fertilizer (broadcasted) 
Baskets 
Bordeaux mixture 
Other spray material 
Tool maintenance, estimated at 18 per cent on value 
Shoeing 
Veterinary 
Taxes and insurance on working capital. 
Hired labor, board included 
Family labor (none) 
Real-estate tax 
Maintenance of buildings, estimated at 4 per cent on value . 
Total expense. 
Interest on landlord's capital 
Labor income of tenant and interest on his capital. 
Six per cent interest on working capital 
Interest on real estate, 18.3 per cent 
Labor income of tenant 
$175 
219 
1,677 
3,061 
This farm had 30 acres of truck crops and 85 acres of nontruck 
crops, which acreages exceed by 7 and 19 acres, respectively, those 
of the averages for the 12 farms with which it is grouped in Table X. 
The value of nontruck crops per acre was slightly greater on this 
farm than the average of the group, and the sales of truck crops 
were $112 per acre as compared with $75. The income from stock 
($5,437) exceeded by $2,255 that of the average of the group, and 
was more than four times as great as that for the average of 96 late- 
truck farms let for half of the crops. This farm was heavily equipped 
with buildings, which included three silos. The expenses for feed, 
seed, fertilizer, and labor were greater than for the average of the 12 
