TRANSACTIONS. 
■ 4 —► 
ANNUAL REPORT. 
To His Excellency, Wm. R Taylor, 
Governor of Wisconsin: 
Sir : The general success the last year among the cultivators of 
the soil has been marked and satisfactory. Good crops and re¬ 
munerative prices have rewarded the labor of the farmer, and 
notwithstanding the financial disturbances during the latter part 
of autumn and first of winter, resulting in depreciation of prices 
of products of the farm, and a general disturbance in business 
circles for a brief time, the general result has been thrift and pros¬ 
perity in all departments of industry. 
AGRICULTURE. 
WHEAT. 
This crop was excellent, better than in any year since 1869, 
and about 20 per cent, increase over 1872. The quality was 
good, and the price, on an average, at the different railroad sta¬ 
tions, about one dollar per bushel. The net return to the farmer 
on this cereal was quite profitable, but would have been much 
more satisfactory and remunerative upon the cost of production 
if an average of ten bushels increase per acre had been produced. 
The cost of production per bushel usually, I may say almost uni¬ 
versally, is decreased in proportion as the number of bushels are 
increased per acre. 
