30 
FARM-MANAGEMENT SURVEY OF REPRESENTATIVE AREAS. 
The year for which the records in Iowa were taken was 20 per cent 
below normal, and this is the main reason the cash-rent tenants made 
less than those on a share basis. In a normal year they would 
undoubtedly have made from $800 to $900 in labor income. 
When the landlord rents for cash he assumes very little responsi- 
bility and has no work to do in looking after the farm. He is there- 
fore entitled to only a fair income on his investment and to no pay 
for general supervision. 
RELATION OF THE SYSTEM OF RENTAL TO THE LANDLORD’S INCOME. 
In Table XXVIII are given the incomes the landlords received 
on the same farms as shown in the preceding table. 
TABLE XX VIII.—Reldation of the system of rental to the landlora’s income on 
247 farms operated by tenants in Indiana, Illinois, and Iowa. 
Cash-rent system. | Share-rent system. 
Siete: Nber Land- | Returns | ~ Taber tad Returns 
alpeerne lord’s jon capital 5 fiaring lord’s | on capital 
*) capital. | invested. ~ | capital. | invested. 
¥ 
Per cent. Per cent. 
IhaGhbinpye oes Se aaE ae oe ee eee! 14 $14, 968 3.42 69 | $19,126 3.55 
INAS. Sy cake Soab ss edoee noes ee eaE Meee 17 28,77 2. 50 54 38, 906 3.89 
NO Wicleeete eeeeys aeenre Saeeh ZaM Re 27 19,114 2.37 66 21,388 3.49 
Motalkonaweragves se 2 =e oe fee = 58 20, 951 2.76 189 26, 473 3. 64 
Those who leased their farms on a cash basis received a much lower 
return than those on a share basis. This is to be expected, for the 
tenant took the risk and, as in Iowa, did not make as much as if he 
had rented the farm on shares. 
The relative merits of the different systems of renting will not be 
discussed here. It 1s a subject of most vital importance and needs 
careful investigation. The present basis followed in the share system 
of rental has serious defects, which need adjusting for different 
regions according to the crops grown and the type of farming fol- 
lowed. 
COMPARISON OF CROP YIELDS ON FARMS OPERATED BY OWNERS 
WITH THOSE OPERATED BY TENANTS. 
It is the general belief that tenant farms have been robbed of their 
crop-producing power. The records for one year are by no means 
conclusive, yet when taken from adjoining farms in each district 
they are an indication of the results secured under both kinds of 
tenure. 
