FARMING IN YAZOO—MISSISSIPPI DELTA. 138 
on his investment. In case of the share renters the landlord in no 
group averaged less than 7.1 per cent and his rate of interest rose as 
high as 16.6 per cent where the tenant had a labor income as high as 
$1,000. In the case of cash renters the landlord’s rate of interest 
varied within much narrower limits, the lowest being 5.7 per cent, 
where the tenants made less than $100, and the highest, 8 per cent, 
where the tenants reported a deficit. 
The variations in the rates of the landlords’ interest are somewhat 
irregular owing to the small numbers involved, but in general it is clear 
that the landlord takes the greatest chances and, when successful, 
reaps the highest rewards from share croppers; with share renters the 
AVERAGE] - 
Pato] SHARE CROPPERS __ SHARE RENTERS CASH RENTERS RATE OF | 
Fig. 3.—Rate of interest on landlords’ investments in relation to tenants’ labor income. 
risks are less, and so are the possible rewards; while with cash renters 
the landlord takes a mmimum risk and is assured of a return of 6 or 7 
per cent on his investment, which is less than he would ordinarily 
receive for money loaned in this locality with land as security. 
TENANT’S LABOR INCOME AND LANDLORD’S PROFITS IN RELATION 
TO ACREAGE IN COTTON AND YIELD PER ACRE. 
it has been seen (page 7) that the share croppers averaged 17 acres 
im cotton, as compared with 20.9 acres for share renters and 22.6 acres 
for cash renters. Table 1X shows the actual number and the per- 
centage of each class of tenants that had a cotton acreage within 
each specified size group. A derivative table showing the percentage 
having not less than each acreage in cotton is also presented (Table X). 
