FARM MANAGEMENT IN CLINTON COUNTY, INDIANA. 
Table 51. — Summary for 100 farms by tenure — Continued. 
55 
Item. 
1910 
1913 
1914 
1915 
1916 
1917 
1918 
1919 
Family living from the farm: 
$309 
286 
$286 
286 
$284 
284 
$285 
272 
$344 
319 
$427 
417 
$535 
478 
$543 
491 
Owner— additional farms — 
Farm 
286 
247 
247 
286 
239 
239 
284 
235 
235 
272 
244 
244 
319 
288 
288 
417 
388 
388 
478 
464 
464 
Tenant farms — 
441 
Tenant . 
441 
Note.— For apparent discrepancies between this table and Table 50 see note to Table 1 and note to 
Table 50. 
It has already been pointed out that the tendencies were toward 
greater earnings as the size of the farms increased. 
Table 50 brings out that for the first 4-year period (1910, and 
1913-1915), owners averaging $20,979 capital received $1,116 yearly 
returns for their labor and the use of their capital (farm income), 
by operating farms averaging 104 acres, all of which were owned; 
that owners-additional, averaging $13,615 capital, received $1,064 as 
yearly returns for their labor and the use of their capital, by operating 
farms averaging 120 acres, 66 acres of which were owned, and 54 
acres rented; and that tenants with capital averaging $1,817 received 
$802 as returns for their labor and the use of their capital by oper- 
ating farms of 142 acres, all of which were rented; while the landlords 
of tenant farms with $25,669 of capital received $848 as yearly 
returns for the use of their capital. 
During the second 4-year period (1916-1919), owners averaging 
$26,580 capital received $2,138 as yearly returns for their labor and 
the use of their capital, by operating farms averaging 113 acres; 
owners-additional averaging $17,116 capital received $1,787 as yearly 
returns for their labor and the use of their capital, by operating farms 
averaging 124 acres, 70 acres of which were owned and 54 acres 
rented; and that tenants with capital averaging $2,626 received 
$1,430 as yearly returns for their labor and the use of their capital, 
by operating farms averaging 148 acres, while the landlords of tenant 
farms with $31,408 capital received $1,574 as yearly returns for the 
use of their capital. 
These are significant when the amount of an operator's capital is 
limited, in that he could operate a larger farm as an owner-additional, 
and a still larger farm as a tenant, than he could as an owner. The 
average yearly return on the tenants' capital, all of which was working 
capital, after allowing for their own labor and management, was 25.7 
per cent for the first 4-year period, and 34.7 per cent for the second 
4-year period, while the average yearly return on landlords' capital, 
97 per cent of which was real estate, was 3.3 per cent and 5 per cent 
for the respective 4-year periods. 
The tendency for owners-additional to operate larger farms than 
owners, and for tenants to operate larger farms than either owners- 
additional or owners, is further emphasized in the distribution of the 
size of the farms of the several tenures. About half of the owners 
operated farms of 80 acres or smaller, while only about one-third of 
tne owners-additional and about one-fourth of the tenants operated 
