48 
BULLETIN 654, U. S. DEPARTMENT OF AGRICULTURE, 
ing investment and returns upon it there is a distinct advantage 
gained by dividing the farms into three groups based upon different 
kinds of tenure, viz: Owned farms, farms partly owned and partly 
rented, and farms wholly rented. Tables XVIII, XIX, and XX 
show the relation of the amount of capital invested to the farm income 
and labor income. 
Table XVIII. — Effect of the amount of capital invested upon farm income and labor 
income on 446 owner farms in the irrigated valleys of southern Arizona. 
Capital invested. 
Number 
offarms. 
Average 
total 
invest- 
ment. 
Number 
failing to 
make 8 
percent. 
Average 
area. 
oYreal 1 Farm ' Labor 
estate, income, income. 
Limits of 
size of farms 
in group. 
32 
57 
100 
63 
63 
52 
$3,528 
6,680 
9,703 
14,116 
17, 719 
24, 140 
37, 767 
82,661 
8 
16 
24 
14 
14 
14 
12 
9 
A cres. 
13 
26 
40 
60 
82 
106 
194 
335 
$2,697 
5,214 
7,473 
10, 956 
14, 209 
19,446 
28, 854 
62, 742 
$523 $241 
833 ' 299 
1,356 578 
1,947 818 
1,995 577 
2,490 1 558 
4,064 ! 1,043 
8, 721 2, 10S 
Acres. 
4- 40 
§5,001 to SS,000 
8- 80 
SS.001 to $12,000 
10-120 
$12,001 to $16,000 
10-118 
S16.001 to $20.000 
20-200 
$20,001 to $30.000 
40-180 
$30,001 to $50.000 
$50,001 to $167,962 
45 
31 
100-440 
31-812 
446 
20, 706 
111 
95 
16,052 
2,370 713 
4-^-12 
Table XIX. — Effect of the amount cf capital invested by tenant on farm income and labor 
income on 96 tenant farms in the irrigated valleys of southern Arizona. 
Capital invested by tenant. 
Average 
Number tenant 
offarms. invest- 
ment. 
Average 
area. 
Number 
failing 
to make 
8 per 
cent. 
Tenant's Tenant's 
farm i labcr 
income, j income. 
Limits of 
size of 
farms in 
group. 
$1,000 and under 11 $582 
$1,001 to $2,000 ! 31 1,497 
$2,001 to $3,000 13 2,536 
$3,001 to $5,000 17 3,823 
$5,001 to $8,000 ! 11 6,712 
Over $8,000 i 13 10,673 
All farms 96 3,785 
Acres. 
44 
66 
112 
124 
224 
256 
124 
$593 
868 
1,428 
1,671 
2,474 
4,104 
1,677 
$582 
749 
1,222 
1,366 
1,C37 
3,273 
1.377 
Acres. 
6-160 
10-160 
40-240 
35-360 
110-680 
40-S00 
6-SO0 
Table XX. — Effect of the amount of capital invested by the operator on farm income and 
labor income on 85 farms partly owned and partly rented by the operator. 
Capital invested by 
operator. 
$5,000 and under 
$5,001 to $8,000.. 
$8,001 to $12,000. 
$12,001 to $16,000 
$16,001 to $20,000 
Over $20,000 
All farms 
Average 
Number operator's 
offarms., invest- 
$3,983 
6; 206 
10,045 
13, 908 
17, 284 
38,454 
15, 692 
Owned Rented 
area. ; area. 
Acres. 
12 
21 
38 
47 
60 
170 
Acres. 
15 
37 
45 
46 
76 
149 
64 
Number 
failing 
to make 
8 per 
cent. 
Oper- 
Oper- 
ator's 
ator's 
farm 
labor 
income. 
income. 
$879 
$513 
1,050 
554 
1,807 
990 
1,925 
813 
2,429 
1,045 
4,0.83 
1,607 
2,213 
948 
These tables all show a steady rise in the farm income and labor 
income as the amount of capital invested increases, and show that 
