52 
BULLETIN 654, U. S. DEPARTMENT OF AGRICULTURE. 
taken to mean that farms of this size and larger fully occupy the time 
of their operators and give them satisfactory incomes. It should 
also be stated that in figuring farm incomes and labor incomes used 
in tables thus far presented none of this outside labor has been 
included except in so far as it offsets hired labor on the farm, or rep- 
resents but a few days work with equipment done chiefly to accomo- 
date neighbors not possessing such equipment. 
Table XXIII. — Distribution rf capital on 627 irrigated farms in southern Arizona. 
DISTRIBUTION OF CAPITAL PER FARM. 
Average 
Dwell- 
Other 
build- 
Ma- 
chin- 
Land. 
Cash 
and 
Work 
stock. 
Produc- 
tive live 
Total 
working 
Total 
real 
Total 
invest- 
ing. 
ings. 
ery. 
feed. 
stock. 
capital. 
estate. 
ment. 
Acres. 
11 
$826 
i $165 
$235 
$3,340 
$100* 
$153 
$614 
$1, 102 
$4,315 
$5,417 
20 
845 
162 
267 
4,583 
133 
283 
843 
1,526 
5,679 
7,205 
30 
1,122 
160 
375 
7,573 
175 
368 
1,074 
1,992 
8,853 
10,845 
40 
877 
195 
391 
7,525 
206 
439 
1,437 
2,473 
8, 640 
11,119 
62 
1,102 
283 
489 
10,970 
351 
595 
1,585 
3,020 
12,381 
15, 401 
80 
952 
296 
567 
11,649 
438 
584 
2,097 
3,686 
12,898 
16, 584 
101 
1,150 
316 
632 
15, 677 
494 
613 
1,920 
3,659 
17,270 
20, 929 
137 
1,232 
360 
849 
19, 165 
847 
1,052 
3,558 
6,306 
20, 744 
27,050 
160 
1,446 
559 
993 
22,789 
1,032 
928 
4,411 
7,364 
24, 794 
32, 158 
244 
1,848 
872 
1,464 
33,661 
1,384 
1,359 
6,213 
10,420 
36, 543 
46,963 
530 
1,500 
2,054 
1,570 
66, 889 
3,351 
2,065 
11,058 
19,044 
70,426 
89,470 
DISTRIBUTION OF CAPITAL PER ACRE. 
11 
$75. 00 
$11. 00 
$21.00 
$304 
$9.10 
311.00 
S56 
$100 
$392 
$492 
20 
42.00 
8.00 
13.00 
229 
6.63 
14.00 
42 
76 
284 
360 
30 
38.00 
5.30 
12.50 
252 
5.80 
12.40 
36 
66 
295 
361 
40 
22.00 
4.90 
9.83 
188 
5.10 
14.90 
36 
62 
216 
278 
62 
18.00 
4.60 
7.90 
177 
5.73 
9.60 
26 
49 
201 
250 
80 
12.00 
3.70 
7.10 
146 
5.50 
7.30 
26 
46 
161 
207 
101 
11.40 
3.10 
6.30 
155 
4.90 
6.10 
19 
36 
171 
207 
137 
9.00 
2.60 
6.20 
140 
6.20 
7.70 
26 
46 
151 
197 
160 
9.00 
3.50 
6.20 
142 
6.40 
5.85 
28 
46 
155 
201 
244 
7.60 
3.60 
6.00 
138 
5.70 
5.63 
25 
43 
150 
193 
530 
2.8) 
3.90 
3.00 
126 
6.33 
3.90 
21 
36 
133 
169 
PER CENT OF TOTAL INVESTMENT. 
11 
20 
30 
40 
62 
80 
101 
137 
100 
244 
530 
15. 2 
11.7 
10.3 
4.6 
4.5 
1.7 
3.1 
2.3 
1.5 
1.8 
1.7 
1.7 
1.5 
1.3 
1.7 
1.9 
2.2 
4.3 
61.7 
63.9 
3.5 
69.8 
3.5 
67.7 
3.2 
71.2 
3.4 
70.2 
3.0 
74.9 
3.1 
70.9 
3.1 
70.9 
3.1 
71.7 
1.8 
74.7 
1.8 
1.8 
1.6 
1.8 
1.3 
2.6 
2.4 
3.1 
3.2 
2.9 
3.7 
2.8 
3.9 
3.4 
3.9 
3.9 
3.5 
2.5 
3.9 
2.9 
2.9 
11.3 
11.7 
9.9 
12.9. 
10.3 
12.6 
9.2 
13.1 
13.7 
13.2 
12.4 
20.3 
79 7 
21.2' 
78.8 
18.4 
81.8 
22.2 
77.8 
19.6 
80.4 
22.2 
77.8 
17.5 
82.5 
23. 3 
76.7 
22.9 
77.1 
22.2 
77.8 
21.3 
78.7 
The distribution of the capital required on the various farms is 
shown in Table XXIII. As the size of the farm increases the pro- 
portionate investment in buildings and machinery decreases, leaving 
a larger percentage of the total investment for land and productive 
live stock, or other working capital. At the same time the owners 
of the larger farms live in better houses, have larger and better equip- 
ment, and own larger and more valuable work stock. The price per 
acre of the real estate decreases steadily as the size of the farms in- 
