CONTRACTS USED IN RENTING FARMS ON SHARES. 13 
sale of heifer calves previously to final settlement go two-thirds to 
the owner and one-third to the farmer. At the termination of the 
contract enough stock is sold to repay the owner for his original 
investment, while the remainder goes two-thirds to the owner and 
one-third to the farmer. In cases of this sort the farmer receives 
all of the milk. 
According to another scheme somewhat in vogue in Wisconsin, 
the farmer stables, pastures, feeds, and cares for the cattle furnished 
by the breeder, and receives 50 cents a head per month from May to 
October, inclusive, and $2 per head per month from November to 
April, inclusive. The farmer also receives $1 per month per head 
for testing the cows to determine the milk yield and percentage of 
fat. The farmer and the cattle breeder share equally in the invest- 
ment and in all expenses except feed and labor, which are furnished 
by the farmer. Moreover, the cattle breeder pays for stenographer, 
and other expenses connected with correspondence. Both share 
equally in the sales, but the farmer receives all of the milk. 
These systems of handling cows and breeding stock are, of course, 
not comparable with any general system of leasing land for the pur- 
pose of stock production, since the farm owner is virtually a tenant 
in rejation to the cattle breeder or owner of the live stock. The 
few cases in which the conditions of the contract arrangement are 
known are merely considered interesting as showing the methods 
which have been adopted for handling such problems. 
Milk and.cream.—On dairy farms in all States where expenses are 
shared equally the landowner receives one-half the milk, whether it 
is sold as market milk or to a condenser, butter factory, or cheese 
factory, or one-half of the cream. The landlord may furnish one- 
half the cows and sometimes one-half the tools and work horses. In 
some States the landlord furnishes all of the cows, but the tenant 
must bear half of the expense of cows purchased to keep up the herd 
and replace cows that die. Sometimes, as in Sussex County, N. J., 
the tenant furnishes only labor and one-third of the feed and fertil- 
izer, receiving one-third of the milk proceeds. A similar arrange- 
ment is found in Delaware. 
Beef cattle——In several States where the production of beef cattle 
has become a large industry, as in Iowa, for example, the tenant may 
furnish tools and work horses, haul] the mil and pay the road taxes, 
while the landlord pays other real estate taxes and furnishes one- 
half the cows, beef cattle, and hogs. In cases of this sort the cost of 
feed and seed is shared equally and the proceeds from the cattle 
which are sold are divided half and half. 
A breeder of Angus cattle in Illinois rented herds of these cattle 
to\a number of farmers for 10 years. The bull calves were sold as 
