FARM ORGANIZATION IN SOUTHERN ARIZONA. 
57 
completeness of the data herein presented to make two groups of 
farms, one consisting of all those farmers who made over 8 per cent 
interest on their investment, and the other consisting of all farmers 
failing to make 8 per cent on investment, and present comparative 
data in the two groups. Such data are presented in Table XXX. 
In. this table the contribution of the farm to the family living was 
omitted, and the value of the farmer's labor was not deducted in cal- 
culating rate of interest. 
The table shows that there are 161 farmers out of 627 who with an 
average of 98 acres each can make only 5.9 per cent on their invest- 
ment by devoting their whole time to the work, while there are 466 
farmers with only 8 acres more land that can make 13 per cent on 
their investment in the same manner. The average investment in 
the two groups of farms is almost the same, though the price of the 
land in the group making the lower profit is $30 per acre greater than 
in the other group. The more successful farmers make an average 
of $1,705 more per year than those who are less successful. The aver- 
age expenses are almost the same, so the difference in farm income in 
the two groups is due almost entirely to differences in total receipts. 
The factors affecting total receipts have been discussed quite fully 
under the various farm enterprises, and need no further discussion 
here. 
Table XXX. — Comparison of farms making a relatively high interest rate on investment 
with farms making a relatively low interest rate. 
FARMS PAYING MORE THAN 8 PER CENT ON INVESTMENT. 
Size group. 
Aver- 
age 
area. 
Num- 
ber of 
farms. 
Aver- 
age re- 
ceipts. 
Aver- 
age 
farm 
in- 
come. 
Aver- 
age 
labor 
in- 
come. 
Aver- 
age ex- 
pense. 
Value 
of land 
per 
acre. 
Invest- 
ment 
per 
acre. 
Work- 
ing 
capital 
per 
acre. 
Invest- 
ment 
per 
farm. 
Interest 
rate. 
A crcs. 
Oto 19 
20 
Acres. 
11 
20 
30 
40 
61 
80 
117 
138 
160 
249 
525 
106 
42 
26 
40 
62 
76 
62 
32 
32 
32 
37 
25 
466 
4 
$1,152 
1,821 
1,968 
2,324 
3,127 
3,658 
4,066 
5,838 
6,656 
9,365 
17,131 
4,480 
$794 
1,341 
1,415 
1,677 
2,132 
2,393 
2,512 
3,487 
4,294 
5,624 
' 10, 359 
2,995 
$376 
436 
705 
828 
973 
1,050 
897 
1,375 
1,662 
1,919 
3,069 
1,132 
$358 
480 
553 
647 
995 
1,265 
1,554 
2,351 
2,362 
3,741 
6,772 
1,485 
$376 
267 
228 
199 
190 
160 
152 
145 
155 
141 
135 
157 
$475 
361 
296 
265 
237 
210 
188 
192 
206 
186 
173 
204 
$99 
94 
67 
66 
47 
50 
36 
47 
51 
45 
38 
47 
Per ct. 
$5,225 1 15.2 
7, 232 18. S 
21 to 39 
40 
8,871 
10, 587 
14,487 
16,796 
20, 181 
26,398 
32,902 
46,314 
91, 160 
21,668 
15.9 
15.8 
41 to 79 
80 
14.7 
14.3 
81 to 119.... 
120 to 159... 
160 
12.4 
13.3 
13 1 
161 to 320... 
Above 320.. 
All farms . . . 
12.1 
11.4 
13.0 
FARMS FAILING TO PAY 8 PER CENT ON INVESTMENT. 
Oto 19 
20 
21 to 39.... 
40 
41 to 79.... 
80 
81 to 119... 
120 to 159 . . 
160 
161 to 320./ 
Over320... 
All farms . . 
11 
12 
$823 
$361 
- $126 
$462 
$427 
$526 
$99 
$6,090 
20 
19 
862 
379 
- 195 
483 
307 
358 
51 
7,168 
30 
14 
1,608 
1,037 
- 282 
571 
480 
543 
63 
16,484 
40 
22 
1,256 
571 
- 445 
685 
264 
315 
51 
12,618 
63 
27 
2,287 
1,102 
- 336 
1,185 
236 
287 
49 
17,977 
,80 
13 
1,924 
1,022 
- 224 
902 
167 
195 
28 
15, 577 
100 
15 
2,641 
1,393 
- 409 
1,248 
194 
225 
28 
22, 523 
135 
7 
4,100 
1,562 
- 840 
2,538 
180 
222 
42 
30, 025 
160 
12 
4,072 
1,712 
- 677 
2,360 
156 
189 
33 
30, 172 
232 
13 
5,904 
2,912 
-1,000 
2,992 
175 
211 
36 
48,808 
547 
7 
13, 581 
5,121 
-1,539 
8,460 
124 
153 
29 
83, 436 
98 
161 
2,796 
1,290 
- 466 
1,506 
187 
224 
37 
21,951 
5.9 
5.3 
6.3 
4.5 
6.1 
6.6 
6.2 
5.2 
5.7 
6.0 
6.1 
5.9 
