24 BULLETIN 678, U. S. DEPARTMENT OF AGRICULTURE. 
One wage hand was hired for the year, and $700 was spent for 
extra labor. No commercial fertilizer or manure was bought. Two 
hundred and sixty-three acres devoted to field crops were generally 
level, the remainder being hilly and much of it in woods. On the 
whole this was a well-organized business for the kind of land and 
location. 
FARM 7.— A 50-ACRE DAIRY FARM. 
Farm 7 illustrates a well-organized dairy business on a small-sized 
farm. The location is 6 miles from Louisville. The land is of good 
quality and is valued at $350 per acre. Crop yields were 55 per cent 
above the average. Ten acres were in pasture . The business showed : 
Total capital x $15,300 
Working capital 5, 300 
Number of cows 48 
Total receipts 8, 700 
Total expenses 4, 200 
Receipts from dairy 7, 700 
Receipts from truck and potatoes 375 
Labor income 3, 700 
The crops were — 
Corn. 10 acres 400 bushels. 
Potatoes, 5 acres 150 barrels. 
Oats, ] 2 acres 36 tons. 
Timothy. 6 acres 10 tons. 
Sorghum and cane (soiling crops j 5 acres. 
Onions \ acre. 
Feed bought cost $2,000, of which $1,800 was for bran and cotton- 
seed meal. 
This farmer owned 25 acres and rented 25 acres additional for $450 
cash. The labor cost was about $1,300. Two regular hands were 
employed and $300 represented family labor. 
An excellent quality of business is shown by the fact that receipts 
per cow were $160. About 26,000 gallons of milk were sold at an 
average price of nearly 28 cents per gallon. 
i This includes the value of the owner's land only. 
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WASHINGTON '. GOVERNMENT PRINTING OFFICE I 1918 
