COST OF PRODUCING WINTER WHEAT IN OREGON 
9 
Cash outlay per farm for most items of expense, especially in 1921, 
was somewhat less on rented than on owned farms. Hired-man 
labor was the largest single item of expense on all farms. Others 
of the more important items of cash outlay were taxes and insurance, 
repairs, fuel and oil, sacks, and twine. The sum of the cash outlay, 
unpaid family labor, and inventory decrease constituted the total 
expense and, for all years, was somewhat higher on owned than on 
rented farms. 
Receipts on owned farms exceeded the expenses by $4,395 in 1920, 
by $4,406 in 1921, and by $696 in 1922. These are the farm-income 
figures and represent the combined earnings of the farm capital 
DOLLARS 
THOUSANDS 
FARM EARNINGS ON OWNED AND ON RENTED FARMS 
( On basis of total Farm ) 
920 1921 1922 
-2 
Owned Farms 
FARM 
NCOMS 
Rented Farms 
LABOR 
INCOME 
FAMILY 
INCOME 
Fig. 6.— There was a decided decline in the farm earnings for both owned and rented farms over the 
period 1920-1922 
and the farmer's labor and management. After deducting 6 per cent 
interest on the farm capital there is left for owned farms in 1920 a 
labor income of $570, in 1921 a labor income of $240, and in 1922 
a minus labor income of $3,195. These figures represent what was 
left to the farmer for his labor and management, in addition to a 
house to live in and products furnished by the farm toward the 
family living. On rented farms after deducting 6 per cent interest 
on the farm capitalization there is a labor income which was some- 
what larger than for owned farms. The larger labor income on 
rented farms was due mainly to a higher yield of wheat on these 
17834°— 27 2 
