a2 BULLETIN 874, U. S. DEPARTMENT OF AGRICULTURE. 
Taste XVIII.—Per cent of average net returns of all classes of operators on average value 
of operators’ capital. 
TAMA DISTRICT. 
| Number of | Per cent return on Average value of operator’s 
farms. operator’s capital. capital. 
Tenure. A 
Aug. Aug. 
1913 1518 1913 | 1918 1919. 1913 1918 1919. 
a Ged Sas ees Sa 
ONSNENS! oR ae fee ema es 308 85 3. 98 3.50 | $44,352 | $62,132] $88,404 
Owners additional. --........ 154 28 5. 58 7.02 4.89} 16,012 45,555 65, 448 
WenantS 62 eos oe ees 503 | 97 18. 30 | 31.98 31. 98 | 4,537 7, 081 7,981 
| | 
WARREN DISTRICT. 
| | Aug | | Aug 
1915 1918 | 1915 1918 1919. 1915 1918 1919. 
Pwitersd:2 422) ete ee | cps 84} 3.63 3. 59 2.43 | $21,159 | $29,823 | $44,080 
Owners additional. .......... | 190 43 5.31 5. 49 3.95 | 16,012] 24,411] 34,098 
Rewants 222-2 oie cae ce 297 56 12. 36 2. 34 2.34 | 2,492 3, 160 3, 160 
PRECARIOUSNESS OF FARMERS’ INCOMES. 
The preceding discussion of farmers’ incomes is in terms of averages. 
From the standpoint of farmers who may be undertaking the pur- 
chase of farms on large margins of indebtedness it is important to 
consider not only the average incomes earned, but also what propor- 
tion of farmers were unsuccessful as measured by the failure to make 
a plus farm labor income. Table XIX shows the per cent of all 
farmers of each class of tenures making a minus labor income in 1918, 
and likewise on the basis of 1919 land values. The table also shows 
the per cent of all farmers of each class of tenure making less than 
the estimated average value of farmers’ labor and supervision in the 
periods mentioned. In all cases the allowance for use of capital is 5 
per cent. 
TaBLE XIX.—Percentages of farmers making minus labor incomes and _ percentages 
making less than estimated average value of farmers’ labor and supervision. 
Per cent making less 
Per cent making minus} than average value of 
labor income. labor and superin- 
District and tenure. tendence. 
1918 Aug., 1919. 1918 Aug., 1919. 
Tama district: 
Owners 30.00 3750) aes Sale ae a a eee 22 49 57 7 
Owners additional ...._._..____- Se fy eit oe il 32 46 71 
Tenants. =. Ss543- 7a ee Sr ee ae ee eee eee 11 39 42 65 
Warren district: 
OWNGES sons. ee Fh Gee eee 32 62 73 & 
Owners additionale: oi tee ee ee ea 19 42 56 74 
vo i ihe 
