10 BULLETIN 548, U. S. DEPARTMENT OF AGRICULTURE. 
skim milk was sold, showing that much of it must have gone practi- 
cally to waste. 
FARM NO. 7. 
SSEZE OT SPT ates 0S Soe Sr i PN ee acres. - 82 
Number of cows eras ee Saari Sea ees Eee ee eee ee 30 
Numberofother animalinitss 45 oes 5s ee ee 30 
Lotal’capitalt qwnerand tenants: ace fo 4. eee $13, 661 
Working capital, owner and tenant. <2 28 ee ee 3, 396 
Tenant's Capable Gee sare Coe ey coro lage ee aera ee 1, 698 
Total re¢eipts......-.. Efete i eeibwoher Neher tL oink A Rte ic 5, 134 
Recerpis irom: dattys cy hs 2s oe ls Ao ee eee eave 3, 446 
Pxpensési cache le 4 teed eee ee ere pd 3 cet 2, 032 
Karm income: ownern/and Aenail:: oa ee oe eee 3, 102 
Tenant’s farm Gnee@mes sa 2 sae ey eee peg eae ee eae 1, 594 
Tenant’ slaborwcome sss. ee ys mer eee Ae Se ae 1,509 
Owner’s profit on investment........-...-.-.-..- per cent 12.6 
This farm was operated by a tenant who had a half interest in 
the working capital of the farm, which included the investment in 
machinery, live stock, feed, and supplies, and cash to run the business. 
Business expenses were shared equally, as were also receipts. The 
tenant with the help of two year-hands and some extra labor per- 
formed the work. There were three work horses. Forty-five acres 
of the farm were in corn for silage, 33 acres in pasture, 2 acres waste, 
and 1 acre for garden. Receipts from other sources than dairy cows 
were mainly from young stock. There were no receipts from crops. 
THE FARMS THAT FAILED. 
The three unprofitable farms of the ten were inefficiently organized 
and operated. Apparently these farmers depended mainly on dairy 
products for an income; but as they did not stock their farms with 
enough cows to make it worth while to spend their time at dairying, 
there could be no other result than failure. This is strikingly true of 
farm No. 8, which could not be classed as a dairy farm except on 
the ground that the four cows Kept were the main source of income. 
These farms kept no regular hired laborers and a very small amount 
of extra labor was hired. 
About the only comment that can be made upon these farms is 
that the operators were wasting their opportunities. They had 
fair-sized farms, but each was operating a small-sized business. The 
quality of the cows was poor, as shown by receipts, and no doubt 
much of the milk was wasted. The usual bluegrass farm in this 
section keeps from two to eight cows to supply milk to the family 
and laborers. It does not pay a farmer to give special attention to 
the dairy business unless there are a sufficient number of cows to 
warrant special equipment and the application of most of his time. 
He must develop and maintain a profitable market. If cream or 
