FARM PROFITS. 31 
sented in the business is rather large and where the operations are 
carried on without a large cash outlay, the interest may be of sufficient 
amount to make the business apparently prosperous even though 
the farmer’s labor income is low. 
CURRENT EXPENSES 
| FARMER'S LABOR INCOME 
INTEREST ON CAPITAL 
7;| VALUE= FOOD, FUEL, HOUSE RENT 
UNPAID FAMILY LABOR oa See ee eee 
| DOLLARS 
5000 
eNe NS 
PN NON ENON 
Sen Gre Src Scie 
Neue Ne Neue 
PNeNeNENEN 
VeNeVeveve 
aS 
605 
es 
IER 
7 eX 
"00-00-00 Oo 
SOSKIOOGOS 
O PPS OAM, 
OOF ID 
2. 
O 
> 
OO 
QS 
S 
x 
So 
&s 
7 YEAR 2 
YEAR 1910 1913 1914 1918\ verace YEAR 
Fic. 12.—Distribution of the gross income on 100 farms in Forest and Johnson townships, Clinton County, 
Ind. The farmer has money invested and is entitled to a gross income of sufficient size to pay interest 
upon investment as well as pay for his own labor and supervision. The interest upon investment may 
enable a farmer to have a considerable income to spend, if free from debt, even though his own wages 
(labor income) may be very small, For the years 1916, 1917, and 1918 the gross income increased more 
than expenses, thus giving the farmers a better labor income than in previous years. 
