RELATION OF LAND INCOME TO LAXD VALUE. 
59 
of Japanese tenants, however, is small and the permanent value of 
the land is based upon what white operators can make it earn. 
When it is leased to white tenants they must pay the same rent that 
buyers and sellers capitalize, that is, the farm rent. The Japanese 
pay something more than this for the reasons explained. Therefore 
the average cash rents in these areas were based upon the cash rents 
paid by the white tenants. 
RELATION OF PERIOD OF OCCUPANCY TO AVERAGE CASH RENTS. 
In working out an average cash rent which reflects farm rent, the 
necessity has been discovered of eliminating the rents paid by the 
negro and Japanese tenants, and of excluding the cases where the 
white tenants were related by kinship ties to landlords. Of these 
white tenants, however, only the one-year occupancy group was 
used in determining average rents. 
Table 21 shows the average rent, average value, and ratio of 
rent to value by occupancy groups for white, negro, and Japanese 
tenants. The negro and Japanese tenants were included here in 
order to bring out fully the influence of the period of occupancy on 
the amount of cash rent paid. Cases where there were kinship ties 
between the white tenants and their landlords have been excluded. 
Table 21. — Average cash rent, average land value and ratio of rent to value by occu- 
pancy classes by regional groups. 
[Exclusive of farms where landlord is related to tenant.] 
Group 1. 
Group 7. 
Period of occupancy. 
Number 
of farms. 
A ™* e Average 
rent value 
perTcre. P«™ 
Ratio 
cash 
rent to 
value. 
Number 
of farms. 
Average ...„._-, Ratio 
cash A ; a e ™f e cash 
rent neracre rent to 
per acre. peracre - value. 
lvearorless 
481 
346 
185 
165 
Dollars. 
2.03 
2.12 
1.68 
2.65 
Dollars. 
41 
47 
35 
48 
Per cent. 
5.0 
4.5 
4.8 
5. 5 
1,584 
1,836 
1,000 
714 
Dollars. 
7.46 
6.66 
6.29 
5.87 
Dollars. 
160 
161 
167 
176 
Per cent. 
4.7 
2 to 4 vears 
4.1 
5 to 9 vears 
3.8 
10 years or over 
3.3 
Reporting occupancy 
No report * . 
1,177 
31 
2.08 
2.13 
43 
41 
4. 9 5, 134 
5.2 85 
6.66 
6.63 
164 
151 
4.1 
4.4 
Total or average. . 
1,208 ' 2.08 
43 
4. 9 5, 219 
6.66 
164 
LI 
Group 9. 
Group 10. 
Group 11. 
o 
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1 year or less 
673 
739 
383 
193 
Dol. 
6.81 
6.24 
5.86 
5.40 
Dol. 
164 
168 
171 
161 
P.ct. 
4.1 
3.7 
3.4 
3.3 
9,006 
9,964 
4,203 
2,902 
Dol. 
7.42 
6.51 
6.04 
6.07 
Dol. 
225 
227 
221 
231 
P.ct. 
3.3 
2.9 
2.7 
2.6 
1,420 
1,112 
612 
395 
Dol. 
5.61 
4. SO 
L 38 
4,56 
Dol. 
144 
146 
155 
171 
P.ct. 
3.9 
2 to 4 years 
5 to 9 vears 
3.3 
3.2 
10 years or over 
2. 7 
Reporting occupancy 
No report 
1,988 
41 
6.14 
6.03 
163 
156 
3.8 
3.9 
26,075 
489 
6.66 
7.11 
216 
224 
2.9 
3.2 
3,539 
88 
5.07 
4.54 
150 
133 
3.4 
3.4 
Toial or average 
2, 029 
6.14 
163 
3. 8 
26. 564 
6.66 
226 
i. 
3,627 
5.06 
150 
3.4 
