^ - 
 
 ,-l 
 
 Lie 
 
 Q| J 
 
 I - 
 
 J Ooiq 
 
 
 
 ' . . . ,..--- : ; -st 
 
 :- em ol I Economics 
 
 and 
 
 , A ociato Irrigation Scono-nirt 
 
 Surest oi l-ublic Roads 
 
 i - 
 
 
 
 this report 
 
 roomie 
 
 irrigation carried o cooperating bur 
 
 *M ... 
 
 
 
 
 
 
 
 
 
 
FALLS 
 
 ;i cultural Economics 
 I Paul A. Swing. . ublic 
 
 : 
 She survey on which this report is based is. a part of a general study 
 - under ir ;on made for the purpose cf determining how much 
 
 I ord to pay for It is obvious that cost of water is 
 
 *s cost, of producing crops, and that the permicsi- 
 blt of prod-.tion depends on receipts* Consequently, it is not possible 
 
 'e statement as to permissible cost of I r for i<ny type of 
 It is possible, however, t sompr nsive data as to costs and 
 
 . rom farming under ir: , the basis Of the data as to other 
 
 mat to determine approximately ho^ much net return is avail- 
 able for ■ ... .is study w?s made on that basi^. 
 
 al to t desire to get information as 
 
 to the cort of clear:- ling land, building farm ditches, etc. 
 
 ..n in the spring of 19^-, when survi 
 wer the S »st, in Texts and He* kfexioo, and ir. Colorado, 1 
 
 oleg used eelled for n . -.formation called for by the 2uroau 
 
 : '. : u of agriculture, ar. .sicn was made for 
 
 ta"' rultur 25 f arrange:.-.-, e to the 
 
 rators, eh .. ... canvass for t reau of the : 
 
 . edule 
 was prepared, and a: re made 
 
 the census Si tors. Enumerators were selected 
 
 .1 givt. insl action and i 
 
- I - 
 
 lant were made for getting two 6tat« 5(1) ■<■ complete 
 
 costs and r both 
 
 to camera operatlr r own farrs end to tenants, and provides a basis 
 
 .-deter is as 
 
 well as to those ope: the 
 
 financial progr 
 
 far -ne time of I .tion. , ^urse, applies only to farmers 
 
 operating their 0*1 z. 
 
 as :nade in Cecer/ber, l°iU , and January and February, 1925. 
 le called for inventor:'' items as 01 January 1, 1'J", ar.d 
 for on items fo. r.dar . 192*4. The supplemental schedule 
 
 lied for a cf Jaa , 192U, lor al 
 
 to farm expenses and receipts frc -oducts for : 
 
 cal , . i or the : .tion desired as to trorchase price, 
 
 Litlong at the t -ttiement, ar.d l.-^rov- made dinje purchase. 
 
 This carvacs was made in eel'. ct r u districts only. tile en ors 
 
 in thes? distr. . re instr^ b< -o get ital schedule a fron all 
 
 farms on irrigation waa practiced, the object wab to obtain \,roroughly 
 
 e samples, rather than to ^et complete returns. Cone 
 ■ ■■ ructed not to insist en rep 
 
 t ■ ve 
 
 r . 
 initions of •. • ( d are 
 
 00 33 and e close of I 
 
- 3 - 
 
 2iS vL. MY 
 
 The Twin Falls Canal Co.rpany, I Fall3 County, Idaho, is a 
 farmers' cooperative unterprise opo rating the system built by the Twi 
 Falls Land and Water Company, a contracting co.vpany operating 'inder the 
 ter Carey Act. The present company took over the system about 
 
 lobar 1, 1909, but the ffi lis Land and Water Company v/rote the la 
 
 ; .ts contracts with settlers some months previous to that date. As 
 required by the law, the contracts provided for sale of land to the 
 purchaser by the State of Idaho at t jO casta per acre for most of the land, 
 
 ile the company sold vrater rights for $?5 F er acre, for State lands, 
 totalling a relatively small portion of the aggregate, water rights v/ere 
 sold at $15.50 per acre, not less than $10 an acre being charged for the 
 "land itself. Water rights for homestead lands and lands taken up under 
 the Desert Land Act were sold at $35 an acre. Contracts on Carey Act 
 
 lied for payment in installments ending in ten years. State lands 
 -ere given five years and patented lands ten years. Carey Act lands v;ere 
 sold in blocks of UC to l60 acrcu. 2he original contr?.~ts had been closed 
 
 long before the canva of the original purchasers 
 
 had retained their and vere on them then, liuny other facias had 
 
 the purchase prices reported for them had 
 no reference to the pricey paid b al purchasers . After 
 
 land and W£.ter changed hands together, 
 rat an separately. 
 
L contrac* >n of the Twin Falls 
 
 Canal Company, .. ., "at l tion of the entire system 
 
 ale ae hereinbofore provided in the I ications and within 
 
 seven years fro date c: b, or at any time prior thereto "upon 
 
 the consent of the state Board o: Ltelonen . U ye in 
 
 1909. a water user red Into contract for a water right he was 
 
 *n a te.nporary stock cer - . ally oaid up he received 
 
 a perr.-.anent stock cert to. The Tw ; :o~rpany thus 
 
 retained control until a majority of the water rights had bi 
 
 l first year after incor of the Twin 
 
 th« .-etaineu contro?. , jut thereafter it permitted the t< 
 
 stc ers to exercise a proportic -oice in the control of the system. 
 
 . the stock is now ... 
 
 ;k of 
 shares at $1 par valttti toe': is appurtenant to t " nd, 1 share j 
 
 .-is entitled to a flow of l/8C 
 -foot per . is 5/' s inc *- (Idaho] Laad according 
 
 to a watcr-ri^ht contract, and holder is liable for assessraer 
 
 •a to the to* r total masher of 
 
 shares ou; Log is Jttg.lyf. 
 
 ooopan; . 300 
 
 .i.ed on 
 - sold made LI tstibla to deliver il 
 
 ckson aid ha- 7rri- 
 
- - 
 
 gation District to noaki ■ . To secure it t.to tho 
 
 Jac 
 
 interest. This indebte i gradually reduced until at time 
 
 of I .ss it was about $120,00"). Short-term notes tot "'3,000 
 
 were also out st audit] . Phase bear interest at S per cent, but the holder 
 
 the difference bet'7een that rate and tie current rate at 
 tine to 7 ?er cent . 
 
 Indebtedness incurred on account of storage at American Falls was 
 can in- t as it is small and cf vary recent date for the 
 
 -ic3n rails construction was not actually under 1 sn the Canvas a 
 
 none/ borrowed at the ben*.:, usually £0 day lo&ns, the company pays 
 8 rer cent. Interest on all indebtedness is met from fun?s raised by annual 
 .jer.ts - t :..e ct^ck. 
 
 -:ts for all | for the past se-'en /earn i ere as follows; 
 
 ", and 1920, 33 oer share; 1921, $2 per shore; 1922, $1,50 per share; 
 per share; 192- , $1.50 per share. The high assessments from 
 1 L8 to 1920 were rrade t ay off a he .--y indebtedness while times were good, 
 .-sequent events uro--^d wise, prior to l?l 7 the assessment! 
 v>er>- installment, :;ince then in two installments; the 
 
 .1 March 1 and Ff> cents October 1. 
 :• is 3 continuous flow. About 300 miles of canals an 
 
 ■ 
 
 1 " in he cai 
 
 ::es constructt--d in Idaho un icr tr 
 r s if i cat i< 
 
 rs from V. l -cr. 
 
•hot? 1 y carried to Snake Biver 7 rain and live I 
 
 far ract< ; st<c of th< ; r <J6terr -, but ha""e e 
 
 tei nose int< . to include the cultivation on a large scale of 
 
 alfalfa, pc , ugar beet::, :• 1 fruit. Moreover, the ?rr-,: 
 
 in recer. - for alfalfa and closer seed - cro- 
 
 have tro..ght a ^rest deal of none;' into the section - and "ceans forr.ed a 
 
 jial cror- proiB extensively in sc .-ts cf the trr.ct In ." '-. 
 
 entir -otatoes of excellent quality, but the sap of long 
 
 ■ to best 3 has cut deeply into the nrcfitc o: ' farners 
 
 .int.- In this crop. This handicap is not se-'ere :o seed i. 
 
 be.- 3. 
 
 RESULTS 0? ' IT 
 
 Schedules acceptable for the purposes of thic stud;- '*ere obtained 
 frort 1,319 farrr.s, &-0 of vere operated by their owners p- 
 
 ter. The total area of the : operated by their ".err, for nhich 
 
 schedules vere obtained, is 50,79? acres, 59.053 acres of Le co-e;- 
 
 by wat r 1 . rma hare an pr^c of '- 7 , -, of 
 
 42, Ub^ acreu ar icr rights* ffenee, the >7hole 1 r of 
 
 r ■ i in the stud;. I I f 12 ,J ,l67 '- c; ' • - n( * °*" 
 
 roa 101,^20 ocr . . . rea Li 
 
 alrost • 1 t 1 rea of 1 p- 
 
 - 1 of stoc' • .y, 
 
 .r the e of tl 1'ar.o 8 ar.x)ur.t of 
 
 "tJCoipt r prodUOti OV. : 
 
- 7 - 
 
 the 8kc I owner 8, 105, or or ' :n °* the total 
 
 the season c ores in excesc of receipts 
 
 products: , or 38 per cent of all farms, show net receipts 
 
 Dducta of $1 to £q; , of $U92 per farm; 207, or 
 
 it one- the total e it returns of $1,000 to $1,999? 115i or 
 
 si rore than one-t of the total, show net returna of $2,000 to 
 
 or slightly less than one-eighth of the total, sho.v net returns 
 DO or o-- 
 
 The prevailing type of farming ie the of fecial crops - "beans, 
 
 seed - supplemented* by ^rain, hay, and livestock. 
 jfor al receipos froi n> products comes from these 
 
 special crops ( 
 
 are of moderate size, the average for the owner-operated 
 Llmost the entire area of these farms is covered 
 -ater r se-fourthfl if the arer in- harvested crops in 
 
 132U. 
 
 leb-edr.es 3 c >«r cent of the total value of farms 
 
 and equipment . 
 
 a currer.t rat of •"- net In; ?°r cent, 
 
 3 per cent depreciation or bull -, and 1? per cent 0" implements and 
 
 the average labor income " 'two income 
 
 groups, containing the farms, showed negative labor 'is. 
 
- I - 
 
 Tho aver;i-;t net r .ho settlers at the time of settlement 
 
 *a; numeration it was $10, c 97, an increase 
 
 o: ;•*.'' . ge period -eported was 
 
 9.5 years, making the a-'erLge annual increase north $^11 per farm, 
 
 The average i n eider ': ly lov Lt would have been except for the 
 
 large decreese in land val'ies on the farms purchased during the inflation 
 riod from 1918 to 192.. 
 
 For the season 01 1h2U the farms operated by tenants showed slightly 
 . ler excess of receipts over ^xperiditur- 10 did the farmc operated by 
 
 the o' • . tenants, however, had considerabl largeT labor incomes, 
 
 because of th<> smaller emerges for interest on InvesttBBnt and for depreciation, 
 
 1 tenant farms v?ere larger than those operate^ bj c , but the 
 
 proportions of the land in harvested oropi and under water rights were 
 practically the same for the/grou . 
 
 For the tenant farms a larger part of the income from farm products 
 came from beans and seed crops and a smaller part from li- e- 
 
 stock products than wi case with the owner-operated farms. 
 
 ■ • return to tr.e owneri of rented farms averagod ^. 7 per cent 
 on the value of these fc he net return abo-e taxes, insurance, and 
 
 water charges rras 7.2 per cent, and the ne" above these items and 
 
 depreciation on buildings "as 6.9 per c(nt. 
 
 ie era 
 
 Statletloe relating to the farms operated by owners ere shown 
 in Tables 1 to 5. 
 
- - 
 
 Si and Us es of 
 
 le 1 gives for each of U -ome groups the nunber of farma, avt i 
 
 16 of farn-.s. a acreage per fan In crops ^ average acreage per farrr. in 
 
 pasture, ani average acreage c I by rater ri 
 
 •le 1. -Omar- operator farma by net returns, 1/ 192U: 
 
 ^es of land, 192~U 
 
 I 
 
 Farrcs 
 
 Acreage per farm, 
 
 eage of crocs harvested 
 
 per farm 
 
 rcentage of area of farrr.s 
 
 Acreage ::":.- lure per farm 
 
 •2 0:" crop acres 2/ 
 
 trage in r I 
 
 rcentage of area of f 
 
 .vered by rater rights 
 
 per faro 
 
 Percentage of area of fans* 
 
 
 No 
 
 acre 
 
 acre 
 
 p ct 
 
 acre 
 p ct 
 
 acre 
 
 T> Ct 
 
 acre 
 p ct 
 
 Weighted 
 
 '-€ e 
 of all 
 3 
 
 72 
 
 5U 
 75 
 
 U 
 6 
 
 3 
 11 
 
 70 
 
 97 
 
 :arms 
 
 net 
 losses 
 
 105 
 
 27 
 50 
 
 20 
 
 7 
 13 
 
 52 
 
 95 
 
 • in^ 
 . )0- 
 
 zm 
 
 312 
 US 
 
 3^ 
 72 
 
 2 
 
 5 
 
 6 
 12 
 
 96 
 
 207 
 7U 
 
 "~ 
 
 1 
 2 
 
 9 
 
 12 
 
 72 
 97 
 
 '^99 
 
 115 
 9U 
 
 76 
 
 SI 
 
 1 
 
 1 
 
 10 
 
 11 
 
 93 
 99 
 
 _°1 
 
 . 
 
 or 
 d • r 
 
 95 
 
 1U5 
 
 120 
 &3 
 
 1 
 
 1 
 
 lU 
 10 
 
 1U2 
 
 centages are confuted from the totals for the groups. 
 
 l/ "Set re- as used excess of receipts froai 1 
 
 over expenditures for farm trurpo sec . 
 
 2/ Base used in cc - pcrcenta*;;? La the sum of acres harvested and acres 
 
 of cr. 
 
 e table shows I penditures : ss of 
 
 rccc oroducts, and that 31S additional farms reported oat ms 
 
 less than $1,000. Assua: :1,C0Q represents a fair return for the la 
 
 *.be fara operator and his fi ' cent of I 1 . r '.' t raturna 
 
 less than wagec I Labor, liai rent and the part of the fara:'. 
 
- 10 - 
 
 o^ta'n*"! ft . 
 
 • ng net returns 
 
 betT?etr net lor.:: 1 of 
 
 3 except the c X or 
 
 the e of all. I out, of conr >up of 
 
 :• of farms i roups decline consist) 
 
 he ino 
 
 "on of Lo of the f; 8 losing group i3 
 
 nd in the hi ere &f cro~ :•"..-• . was, on the avera 
 
 acres in a total of U7 ncrey in ex .■-id and -r . being 
 
 " total. jcc rf the corresponding perc 
 
 size of all 72 acr> . -en 
 
 io corr income, but, c 
 
 ■ : the net re tor , 
 
 of to. pea of f tile r ri 
 
 no - . , ] d or for the U - .losses or 
 
 irrigated as ^ell as the 
 .n cro . -erage ' :cnt od 
 
 -le 2 are • average • per farm and pet 
 
 and r. 
 debts • per sere', and average net - acre. 
 
1 . 
 
 Table .-. tor farms classified I na 1/ 
 
 of , debts, an 
 
 
 . 
 
 : 
 
 : acrt 
 
 ... :dcl 
 
 .ol 
 
 - total ' 
 
 : 
 
 : dol 
 
 value . . :p cz 
 
 Value c del 
 
 : Lol 
 
 total • p ct 
 
 . b and r : 
 
 :dol 
 
 - acre :~ol 
 
 ,,:p ct 
 
 : 
 
 - . per . r ■ : .ol 
 
 Tc : . I . . — ct 
 
 ! lol 
 
 : - : ;c 1 
 
 sre 
 
 tS . : 
 
 : iol 
 
 r cent I ... 
 
 :dol 
 
 A" - acr •. iol 
 
 total v 
 
 ■ 
 
 irg 
 
 ;t ret 
 
 
 
 
 
 
 of all 
 
 
 1- 
 
 :$!.: 
 
 100- 
 
 :$3. 
 
 
 
 2i 
 
 
 W9 
 
 ■ 
 
 
 
 ! 
 
 ' 
 
 1 
 
 ! 
 
 
 
 
 7** 
 
 
 : 
 
 12, 
 
 10, 
 
 ! B, 
 
 
 : 17. 
 
 • &1 
 
 
 : 191 
 
 : 1/5 
 
 167 
 
 : 
 
 : 
 
 
 
 ! 
 
 S3 
 
 : 
 
 1 
 
 , 
 
 : 2. 
 
 • 
 
 : 2, 
 
 "■ 
 
 : k t 
 
 
 53 
 
 35 
 
 : 
 
 : 33 
 
 • 
 
 11 
 
 22 
 
 19 
 
 1' 
 
 1 15 
 
 I 
 
 10." 
 
 7,660 
 
 .539 
 
 . 9, 
 
 
 • Ol.SSl 
 
 
 
 136 
 
 • 
 
 : 
 
 • 
 
 
 63 
 
 c5 
 
 : 
 
 • 
 
 
 o 2 j 
 
 
 633 
 
 S3?: 
 
 1,175 
 
 : 1,657 
 
 13 
 
 13 
 
 13 
 
 13 
 
 12 
 
 11 
 
 • 
 
 
 
 6 
 
 
 
 : 
 
 ' L> CV> 
 
 57 5 
 
 653: 
 
 l,02o 
 
 : 1. 
 
 2, 
 
 1U« 
 
 11 
 
 lU. 
 
 
 13: 
 
 13 
 
 i. 
 
 5 
 
 
 7 
 
 6: 
 
 
 
 12,17.5" 
 
 161. 
 
 
 ■ 
 
 1 
 
 15, 
 
 10,050. 
 
 
 . 
 
 .555 
 
 
 
 
 : 
 
 221 
 
 
 , 
 
 U,5?? 
 
 , 
 
 
 
 62 
 
 
 
 52: 
 
 • 
 
 
 29 
 
 
 12: 
 
 
 2S 
 
 
 1'-, 
 
 7, 
 
 6, 
 
 11,031: 
 
 . r ^72: 
 
 ,701 
 
 151: 
 
 
 lL'2: 
 
 150: 
 
 166 ! 
 
 
 71 
 
 62: 
 
 68- 
 
 
 75: 
 
 7 
 
 p act ' - totc.ls for 
 
 is the excess of receipts fr 
 res for fai 
 
- 
 
 show the higner average values 
 •'anr.e I bee the 1 
 
 a per 
 
 suffered crop 
 
 true o: 
 
 f 
 
 ■ 
 - r proup. 
 
 f 
 case 
 
 A.vc - ■; c er: ted r>er 
 
 ■ 
 
 • acre o et lo^sca ia 
 
 t 
 
 ms. 1 
 
 . 
 
 .as direct exrv 
 
 . 
 
 T8. 
 
- 13 - 
 
 Table 3»-0vner-operator farms clar-sified b turns, l/ 192U: 
 
 Average cost and returns per farm, 1Q2U 
 
 It an 
 
 :Unit 
 
 T'eidited 
 of all 
 
 ToS 
 
 yarms 
 ■hawing 
 
 net 
 losses 
 
 Jarms showing net returns of 
 
 $1- 
 
 J&222 
 
 $1,000- 
 
 $2,000-: $3, 000 
 
 $2,999 or ove r 
 
 Farms 
 
 Total value : do! 
 
 Tota 
 
 Het inve : dol 
 
 : 
 
 rep. . :dol 
 
 Inter- ?nt at : 
 
 :dol 
 
 bjB . iings and : 
 
 ry : dol 
 
 Pot :t :dol 
 
 : 
 : roducts .... :dol 
 
 Labor Faroe .*.... :dol 
 
 re of Tfor> animals : dol 
 
 re of f arm machinery : iol 
 
 ".her r or : 
 
 ec - :dol 
 
 - "-al receipts :dol 
 
 ss receipts 1 r n ! 
 
 ! 
 
 - ■ r txpoadi t -re s . i 
 
 id in tore ot on not . : 
 
 vestment : dol 
 
 r expend: -. . , 
 
 aet ia-psat- 
 
 ment , ar. >n : dol 
 
 Zxcess total receipts: 
 
 ; r exr : uol 
 
 Over 6 
 
 • rest D- net 
 
 invef : dol 
 
 Over expenditures, 
 
 net inve b, and depreciation: dol 
 
 15,^02 
 
 t kGo 
 
 _10,_^2 
 
 105 
 12,173 
 
 JL332 
 
 7 . K -:: 
 
 31s 
 10,050 
 
 o,806 
 
 207 
 
 1^,872 
 . 3,^1 
 
 115 
 20,762 
 
 i5.572 
 
 1.315 
 607 
 
 21U 
 
 2.13S 
 
 905 
 
 5UU 
 
 1,613 
 
 1,261 
 
 882 
 
 _2U_2 
 2,3"8"5" 
 
 1.773 
 1.2*6 
 _2& 
 
 -L31Z 
 
 969 
 199 
 
 1 
 7 
 
 10 
 
 1.397 
 
 127 
 
 1 
 
 p 
 
 4_ 
 
 12 
 
 „23*1 
 
 i*m 
 
 ±529 
 
 2.7UU 
 
 7U 
 
 10 
 
 8 
 
 2 t sug 
 
 q 5 
 
 31,559 
 
 8^ 
 
 ,7 1 
 
 3.0S3 
 
 1,816 
 
 U2 2 
 
 .^261 
 
 U.211: 7,980 
 
 68: 27 
 
 8: 5 
 
 6: 119 
 
 18 
 
 H2£ 
 
 ^.293 
 
 1.U02 
 
 -3U6 
 
 527: -953 
 
 291 
 1,538 
 
 663 
 U27 
 
 -1.167 
 -138 
 
 -7U5 
 -959 
 
 U92 
 -52 
 
 ■216 
 63U 
 
 90 
 -7Ui 
 
 1.U83 
 
 601 
 
 359 
 1,583 
 
 706 
 U6U 
 
 2,^33 
 
 1,187 
 
 89U 
 2,515 
 
 1.269 
 976 
 
 »,957 
 
 3,lUi 
 
 2,719 
 5,126 
 
 3.310 
 2,888 
 
 1/ "Het retfl as used in class : farms, is the excess of rec from farm 
 
 products over expenditures for farm purposes. 
 
_ 
 
 - pi for a. 1 farae, . ••»r. c u r of Table T , are 
 
 ■ in the pre.' 
 .« .season of 
 
 • ucoes • • r 
 
 . t son of . , M is. 
 
 aor^ • Sarin operator, above -the feAC and 
 , . • • • 
 
 nto -accov. 
 
 frc 
 
 t on 
 
 ieprec ' .'is rvr. 
 
 • ■ ceipts 
 
 - 
 
 acts the arse . .- earn: , ~ , and 
 
 L'eiiuipne ve real , 
 
 ined fro-n the farm, 1 depr-.- n. 
 
 •■ limilar comparisons for the ineome grou; 
 
 ■ 
 
 TS 
 
 , . ■ ■ ■ 
 
 . -en thfc ad for 
 
 ■ , and the 
 
 >er farm and . • oer fara&« t .res 
 
 o farm; 97 per cent *rc3 
 
 for f. <vf and ^9 per cetnt of the rect ■ . 
 
 . o- , uhe8e"afDo\ihts' are" c - . t average 
 
 : 1 ' 
 
 
- 1 
 
 . _ -. -"led by 
 
 net • 
 
 ■ 
 
 
 
 
 
 
 
 
 
 
 
 n ex- 
 
 
 r 
 
 Per . ex- 
 
 
 
 >f rece 
 
 be*. 
 
 : 
 
 - 
 
 
 
 
 . arm ex- 
 
 i 
 
 . . : 
 
 I 
 
 . . : Ol 
 . . : iol 
 
 •• 
 
 7! 
 
 .idol 
 
 del 
 ip Ct 
 : p ct 
 idol 
 
 . . . : " Ct 
 
 ;-j c 
 
 . .13 
 
 . .:p c J , 
 
 ..: el 
 
 : Ct 
 
 19 
 
 , 
 
 123 
 
 9 
 
 U 
 
 007 
 
 21 
 11 
 
 109 
 
 L 
 11 
 
 2l| 
 
 U 
 
 11-7 
 11 
 
 15 
 
 £3 
 71 - 
 B5 
 
 6 
 
 - 
 
 3J2 
 25 
 
 19 
 
 1.397 
 23 
 
 92 
 10 
 
 7 
 1U0 
 
 16 
 
 10 
 
 72 
 
 25 
 
 
 
 , 
 
 ! 
 17 
 
 101 
 
 8 
 I 
 
 237 
 TO 
 
 112 
 
 9 
 
 - 
 20 
 
 • 
 
 
 1*5 
 
 2U 
 1C 
 
 B 
 
 •- 
 
 55 
 
 3 
 10 
 
 213 
 7 
 3 
 
 580 
 
 7 
 
Table U nho*s that , and taxes 
 
 rly or all e;- 
 
 far r> for the a" . to bo constant 
 
 regai tlon, (23 per cent) of 
 
 receipt ■ from fat 
 
 Int • indebt ?m 
 
 for than 
 
 for any ot pt cne in r>u 4 r.t, of percentage of total • "tares 
 
 for -third (3^ ?*r cent) of the i 
 
 of thi ip. 
 
 eat it 0.3 for the a 1 , being about 
 
 one-fifth o- rposcs and fctout OT - jf 
 
 tot product a. tern for farms operated at a loss 
 
 -in fov rding t es 
 
 *.ly with the net i 
 
 Lrd in -ance arron£ the expend 4 tares for 
 
 i for the fanna let losses' it c. ^arly one-seventh 
 
 of for f - : '.he receipts 
 
 fr roducts. 
 
 Laneon*" it • • • :lude certain 
 
 , and. h allied 
 
 to labor. For tb - rm they c ist * ..• tly more I • :.th 
 
 of all er. ^he perc> " ly 
 
 fro 10 pe: cent for per c 
 
 for 
 
- 17 - 
 
 ..;,.:•-,. * per c?nt of 
 
 •• ■ ■ ur 
 
 receipt . 
 
 the cr.3e of I ' losses . Fheae expense • 
 
 leven dollars le is than t 1 .- • 
 
 do not includo de blch is t t of 
 
 eli e« 
 
 C- 
 ..ble ^ gives - ts per acre from f b for 
 
 all tod and for ( ps presented in previous tabli 
 
 also the aver ipts p« r rinclpal aourcea of \ncome. 
 
 By ost significant items in Table 5 ^~ e rece: rom beans, 
 
 ver se f . . . I e constituted more than one-third of the 
 tot -cducts of the average farm, and four-tenths of 
 
 jtcl i .9 of the group ..est net incc ie ( Moreover, 
 
 dually rtion of total income with t 
 
 ch the conclusion seems Justified that the fanners on 
 • prospered in 192** in >n to the degree of their con- 
 
 c srecial cress, ;h conclusion appears to pply to 
 
 any ■ item. Althour:. bock item varies rith the net income the 
 
 Is of the receipts from 
 "3 doon not sho77 the same oo nt change, rh is La cilso true 
 
- 1 - 
 
 Tabic ; , .-G^ner-op'-rator : . 
 
 ■ 
 
 I 
 
 . 
 
 
 
 Acr i r-cre 
 
 oducts . : dol 
 
 C dol 
 
 : dol 
 
 of total : 
 
 iucta 
 
 total 
 
 total 
 
 Poult r : dol 
 
 rp rt 
 
 . . , . tdol 
 
 percentage oi' total 
 
 :ellaneois Sol 
 
 Percentage of tote" jp ut 
 
 Srain : dol 
 
 -cente^e of t jp at 
 
 idol 
 
 o: total 
 
 : 
 
 total ip ct 
 
 Pot : Aol 
 
 : 
 
 Fr _ !dol 
 
 total :• 
 
 Beat- : lol 
 
 of total :p ct 
 
 .id clover) . . . : dol 
 : 
 
 
 b : 
 
 ■ 
 
 
 
 of 
 
 
 
 
 
 . . : 
 
 - 1 
 
 . 
 
 $2,0 - 
 
 ,00 
 
 . 
 
 3 ! 
 
 
 
 
 or o 1 
 
 
 
 31*1 
 
 2C7: 
 
 
 95 
 
 
 5* 
 
 43 s 
 
 YU: 
 
 
 1U5 
 
 2, 
 
 
 1. 
 
 2, 7^! 
 
 
 7.S30 
 
 39: 
 
 
 23 
 
 
 *5 
 
 55 
 
 U 3 1: 
 
 
 
 : 373: 
 
 ^jj 
 
 1.536 
 
 15s 
 
 " 
 
 
 
 
 19 
 
 3C2: 
 
 
 192 
 
 
 
 ^90 
 
 11: 
 
 15 
 
 
 : 
 
 11: 
 
 7 
 
 35: 
 
 30: 
 
 32 
 
 
 
 US 
 
 1 
 
 
 2 
 
 : 1: 
 
 1 
 
 1 
 
 91 
 
 us 
 
 73 
 
 96: 
 
 
 
 
 5: 
 
 5 
 
 : 
 
 2 
 
 2 
 
 h 3 
 
 3 
 
 13 
 
 : 51: 
 
 - 
 
 253 
 
 2 
 
 
 - 
 
 . 
 
 
 3 
 
 6 
 
 2: 
 
 1 
 
 2 
 
 c 
 
 - 
 
 2/ 
 
 2/ 
 
 2/ 
 
 • 
 
 - 
 
 2/ 
 
 
 
 ' 
 
 ■ 
 
 __. 
 
 1,171 
 
 16 
 
 13: 
 
 15 
 
 . 
 
 
 : 1* 
 
 
 53 
 
 e^ 
 
 : 
 
 221 
 
 uos 
 
 
 6 
 
 5 
 
 7 
 
 c; 
 
 5 
 
 67 
 
 2U 
 
 65 
 
 ! 
 
 112 
 
 S7 
 
 3 
 
 - 
 
 5 
 
 : 
 
 V 
 
 : 1 
 
 US. 
 
 
 : 5b 
 
 : 
 
 
 373 
 
 k 
 
 U 
 
 U 
 
 
 
 5 
 
 90 
 
 : 79 
 
 65 
 
 : 152 
 
 : 
 
 69 
 
 3 
 
 S 
 
 : 5 
 
 : 6 
 
 2 
 
 : 1 
 
 
 171 
 
 : 
 
 1 
 
 1," 
 
 2,5 2 
 
 
 : 
 
 : 
 
 1 
 
 2G 
 
 .2 
 
 216 
 
 
 : SI 
 
 : 
 
 . 
 
 502 
 
 S 
 
 5 
 
 6 
 
 : 
 
 
 S 
 
 , is the I ts from . 
 
 -.•• r expondltiun ■ for fa 
 
 Leas than o- of 1 Dt. (In all "but or.o case Lt of 
 
 ■ cent) 
 
as re- in order 
 
 id dairy -orod the a farra these 
 
 s totalled C L receipts frcra all farm 
 
 n the beans and , " ■ teige was 
 
 in the cure of t. 
 
 frorr. -" 7 } :' operate! by tenants. A" : ' r - canvassed are 
 
 vtative of tl'.e region, t r cent . The 
 
 ot fai"^3 operated by tenants are prosenteJ. in Tables 
 
 6 to ] 
 
 Sine of ! tes of Land. 192V 
 
 6 are given tne average sires of fairs. acre::,~e In harve 
 j8 of crop failure, ac in pasture, and acre 
 
 , for t. operated by ten 
 
 - • bed t ot s is c ly 
 
 r • verag r -operator fa: , st 
 
 72 acres for the owr.fr . d crc r 
 
 for tl : - - rater - 
 
 sane { *-age. The a- , on the 
 
 LI r t m for the ovmer-opera 
 of age of farms covered slightly greater 
 
 rat or gr . 
 

 - - 
 
 .-Avsrago aire of .->os of land for farms operated 
 
 by tenants, led by ■ l/ 1?24 
 
 It( DO 
 
 ■ 
 
 ?ago r 
 
 • „ec*-* of croT - mace 
 
 e of area of fc 
 
 Acrra«?e o: . - rm. . 
 
 Percentage of area of farms. . . . 
 
 of crop acres | 
 
 cr^r> 1 
 
 • ^re per farm. . . . 
 ntage of area of farms. 
 
 age covered by 
 
 per f arm 
 
 -■;e of aroa of ' . 
 
 p ct 
 
 acre 
 
 p ct 
 
 p ct 
 
 acre 
 
 p ct 
 
 acre 
 p ct 
 
 of 
 
 91 
 
 69 
 76 
 
 3 
 
 89 
 98 
 
 Fa 
 eLo" 
 
 1 
 
 - : 
 
 Ul 
 52 
 
 192: 
 
 : 
 
 65 
 
 50 1 
 
 : 73: 
 
 2 
 
 4 
 
 4: 
 
 7: 
 
 5 
 
 ll 
 
 I 
 
 14 
 
 I si 
 
 3: 
 
 US 
 
 93 
 
 : 
 
 g n< : _of 
 
 - 
 
 l r >0 
 92 
 
 71 
 77 
 
 3 
 3 
 
 
 12x221- 
 
 121 
 
 79 
 
 3 
 3 
 
 12 
 10 
 
 118 
 97 
 
 3.000 
 
 or over 
 
 4 5 
 151 
 
 142 
 
 1 
 
 1 
 
 13 
 
 10 
 
 177 
 
 93 
 
 i-erc * are computed :ota!sfor the groups. 
 
 l/ n i:et r , " as used in clasi -., is the excess of receipts from farm 
 
 : over expenditures for form purposes. 
 
 expected fr more favorable oondJ I mt 
 
 -ler v of the whole number of forrrs is in the ^roup showing 
 
 *- losses, 9 per cunt for the tenant far I 13 per cent for the ovner-operator 
 
 ■ I 
 
 rage si ze of farms, acreage of crops bar -*, and acreage under 
 
 all vary with the net return: . 
 
 ■r 
 • . 
 
 le 7 give3 I ae of farms and f, . debts, not investment, 
 
 end cost me for t. , for farms operated by I r->. 
 
j _ 
 
 Table 7. - '• h 1 '• v '- luc ol 
 
 a. 
 
 
 
 - '. 
 
 Acreage pei : ncro 
 
 •- and 1 : iol 
 
 : 
 
 : 
 
 : : 
 
 
 
 Live&.oc '.: \ 
 
 : 
 
 
 91 
 
 152 
 
 7 
 8 
 
 9 
 '1. 
 
 1 
 
 -, 
 117 
 
 1 
 
 3.313 
 65 
 
 l 
 
 1 
 13 
 
 1.2U9 
 _i3 
 
 1.372 
 
 75 
 
 
 -~< 
 
 • 
 
 
 2 V 2 
 
 67 
 
 92 
 
 1 
 1 
 
 1 
 
 3,2£s 
 
 21 
 
 1 
 
 20 
 
 
 19 
 
 ,- 
 2 
 
 1,0& 
 
 IS 
 
 - 
 
 -77 
 
 5U 
 
 L, 
 
 1.1-69 
 
 . 
 
 
 
 
 : 
 
 • : 
 
 : 
 
 : 
 
 -: : 
 
 ■:: : 
 
 : inve . 
 
 : 
 
 : Iol 
 
 .1 cog- : 
 
 : : 
 
 : : 
 
 : 
 
 : 
 
 
 
 ira or i 
 
 : 
 
 : 
 
 or 
 
 -ess of r r . 
 
 i 
 
 : 
 
 rest : 
 on 
 Qvt • -ost or. 
 
 • . 
 
 ! 
 
 ! 
 
 r ore " : 
 
 on 
 
 OB : 
 
 . 
 
 r totals for 
 
 3 Of inco::* iCti 
 
 • • 
 
 : 53? 
 8 
 
 : 
 
 8 
 
 ■ 
 
 
 L, 
 
 8 
 
 3 
 
 117 
 I 
 
 : . 
 
 121 
 
 ,•71 
 
 1,002 
 l.C 
 
 13Y 
 
 r 
 
 " 
 o 
 
 1.6 
 
 277 
 
 -36 
 U.2 
 
 .326 
 
 .-38 
 
 ''11 
 
 3.928 
 
The a* value of -than 
 
 ■ 
 
 nwnor-operator f arras. 
 
 All " ' vary with th< ncorne bat debts 
 
 not follow this or:<.r. 
 
 era was 
 cor. • than ' • r- -operate r . .is is 
 
 due to • .-it far -cluder, rent, -whereas 
 
 for ■ it does not i or. net inv< 
 
 '. "•'••1 s int ir.vectT/int and depreciation, 
 
 the o- 
 Low receipt to l.rr of failure on the fa** 
 
 at locr.es, rjinc . ondit 1 - son * or this group were 
 
 cnly c~. han for the next roup, and considerably 
 
 for all f 
 
 .es 
 Lbuti nar.t fariEs ir | 
 
 in Table . 
 
- 
 
 I:..: B.-Tonant faraa: ristrlbution of princi 
 
 I 
 
 : 
 
 .' 
 
 : 
 
 
 
 : iol 
 
 . . . : aol 
 
 Av. : v : dol 
 
 : 
 
 : 
 
 sp c*„ 
 
 : 
 
 Sp Ct 
 
 : iol 
 
 : 
 
 sp ct 
 
 Fer . j from 
 
 fa- :p cw 
 
 : icl 
 
 : 
 sp ct 
 
 : 
 
 fa. s«a sp c- 
 
 lex- : iol 
 
 : 
 
 sp c: 
 
 Fe r 
 
 Sp ct 
 
 
 
 : 
 
 : 
 
 . : 
 
 : 
 
 : 
 
 :p ct 
 
 ■ . ' : 
 
 • 
 
 : 
 
 : 
 
 . ta from 
 
 ct 
 
 91 
 
 22 
 
 37 
 
 103 
 
 3 
 
 12 
 
 7 
 13 
 
 
 l) 
 1 
 
 l 
 
 66 
 
 81 
 
 n t 
 
 52 
 l.i 
 
 19 
 
 us 
 
 12 
 
 1 
 11 
 
 1 
 
 1 
 
 6C9 
 55 
 70 
 
 200 
 6 
 
 10 
 88 
 
 
 1.331 
 1, ■ 
 ?6 
 
 1 
 
 12 
 11 
 
 1 
 10 
 
 1 
 £71 
 
 US 
 
 6o 
 
 
 ■ , 00- 
 
 1 i 
 1, 
 
 1 
 
 207 
 
 11 
 
 6 
 iu 
 
 l 
 
 16 
 
 1,232 
 
 67 
 
 70 
 
 L 
 
 i~ 
 
 10 
 
 7 
 
 , .00- 
 
 \ ■ 
 
 U6 
 
 5 
 
 n 
 C 
 
 U9 
 
 2,102 
 
 6d 
 
 3: 
 2 
 
 10 
 
 or 
 
 lal 
 
 2o 
 
 I 
 
 
 12 
 
 6 
 31 
 
 Ul 
 1 
 
 7 .1?7 
 6S 
 35 
 
 5UU 
 -11 
 
 Af of 
 
 .ne totfdo for : 
 
As io to be expected, r rt :»t is the largeat item of expenditure on 
 
 . red 
 
 la 
 
 taxes are unir :j t ar.d the t< i have no wa 
 
 of th< . 
 net losses rej *t 
 for feed, r 1 r, ; for automobile trpckt ractore than the next 
 a grou 
 
 CI Bceipts fr iuctg 
 
 'ibTjtion of receipts from f.. 
 for ] rcee me. 
 
 As v.-ith the ov - crop. 
 
 ■ r •' p t cent of the J „ot -JL receipts frona 
 fam products, rJid for o^.ly on« ^roup rare the rec- r Q beanr less 
 
 -third of the total pte fr^r. . : i . - - 
 
 •; of the total rocei- resent 
 
 - " ~z from b< with the nt,-t ri per cent 
 
 * >tal for 1 . ;.e tenant farr.s also 
 
 I in in ce. Tor the t ..• raztfsa third, while 
 
 for the o— r and 1 -' • 
 
 lb rould be i ace livestock goos 
 
 associated with w Lp. 
 
 10 shows • . 
 
- 
 
 .- 
 
 ' 
 
 • 
 
 . . ........ ■ 
 
 age per 1 
 
 : 
 
 -or acr 
 
 Liv 
 
 - ' ! 
 
 Po_ - :lol 
 
 • 
 
 • 
 
 Poult: c : lol 
 
 : 
 
 
 
 - :p ct 
 
 io- 
 
 . 
 
 
 
 ... 
 
 > 
 
 ...... 
 
 fra 
 
 
 
 
 
 
 
 . . .■ 
 
 
 • 
 
 
 32 
 
 23 
 
 1 
 
 11 
 
 ?. 
 
 1 
 1 
 
 
 Ul 
 
 63 
 
 /-» 
 
 Cm 
 
 102 
 
 1/ 
 
 175 
 
 1 
 
 — 
 1 
 
 2 
 
 
 ■ 
 11'. 
 
 • 
 
 25 
 
 •56 
 
 ?6 
 2 
 
 ) or 
 
 52 
 
 1 
 ! 
 
 3 
 
 13 
 
 2 
 
 3 
 
 1 
 
 
 37 ■ 
 
 7: 
 
 : 
 
 ■ 
 
 1,1 
 
 571: 
 10: 
 
 : 
 ■■ 
 
 2,1 
 
 9,1 
 
 5i 
 
 9 
 32 
 
 333 
 U 
 
 ■ 
 l 
 
 1, 
 
 702 
 
 3 
 
 39 
 2/ 
 
 7 
 
 2 
 
 2/ 
 
- ■ - 
 
 Toblo 10. 
 
 by 
 
 " 
 
 
 
 
 
 . . 
 
 
 
 
 
 
 
 
 
 • : 
 
 I 
 
 
 
 
 
 . . . 
 
 
 
 - 
 
 
 
 
 
 ■ 
 
 
 , ^nd water 
 
 
 
 
 
 
 . . . 
 
 
 r 
 
 p ct 
 
 dol 
 
 iol 
 do'l 
 
 
 p ct 
 
 - 
 
 '. r 
 
 91 
 
 76 
 13. : 
 
 152 
 
 1.! 
 
 12,162 
 
 - 
 
 196 
 
 5 
 137 
 
 1,317 
 9.6 
 
 7 .i 
 
 : 
 
 
 
 50 
 
 7.061: 9. 
 1 
 
 1.-'- ": 1,1 
 
 5.821: , 
 11 
 
 
 7?: 
 
 13: 
 
 
 13 
 
 . 
 
 s.s 
 
 ' I 
 
 
 582 
 
 op. 
 77: 
 
 1. 
 
 12.. 
 
 i 
 
 . 
 : 
 
 1,2 : 
 
 
 2,102 
 17 
 
 ' 
 
 B7 : 
 5c8: 
 
 1,676 
 
 .' 
 
 1,605 
 B.2 
 
 or 
 
 2.7 
 
 391 
 
 7 
 
 18 
 
 11. U 
 
 - 
 2.U3U 
 
 .•• - • - • r . • ■•■ •■.'. : pare '• -■- •" 1 are co aput< i from t hi I feals for thj jrc . ■■ . 
 
 of re 
 let ■ over 1 
 
- 7 - 
 
 e gr 0L .jo owner wa. at on hi3 total 
 
 turni 
 all the groups, t) : "°- !G returns being 
 
 S«6 per cen* l returns 
 
 being onl 5.3 x — t to ?.7 p er Cl 
 
 Me <n net worth due to 
 
 B, which nay be assumed to be as great for this group 
 9 operated by their o~ners. 
 arison of the returns to o^ner-operatorc 
 
 I 
 
 .son of r- bo ov.ner-operatoro and to 
 
 2U 
 
 Item 
 
 
 
 : Un i t : 
 
 • < 
 
 Owner- : 
 operators : 
 
 Tenants 
 
 
 
 
 
 SUO : 
 1.U02 
 
 5^7 
 • 291 
 I 1,532 
 
 663 
 :' U,?7 
 
 U79 
 
 Excess of re- . 
 
 *■- 
 
 
 rdol ■ 
 
 'dol 
 , «dol 
 .:dcl 
 
 1.329 
 
 Ov : - 
 
 on 
 
 
 : 1,212 
 
 it ion. . . . 
 
 not 
 
 invest- 
 
 : 1.0SU 
 
 total rec 
 
 
 
 : 1.U09 
 
 Orer exp- -ec and ::. 
 
 Orer exp , interest on 
 
 on 
 
 in v 
 
 . • del 
 . rdol 
 
 : 1,292 
 1 l.lCU 
 
 
 
 
 
 
- 
 
 excec the owner-operators show 
 
 a slight odvuntuge ov.r the tenants, 
 
 . r.to occo for the I 
 
 far~»re ar« lar</jr t table. at is, the labor Income of 
 
 ts is considerably 1? . Table 10 shors that the c of 
 
 t return . ! r>cr cent on the value of th 
 
 3 . • ad 
 
 i in Tabl* . is conput 
 
 ., the av'_ r idebtedneea in the distr 
 
 lower r: Lb labor incorre i3 still with the 
 
 1 1£SS 
 
 foll^ baaed en 7^3 of the SUO owner-operator 
 
 f arrr3 included in t ; tabulations. The reports froa the other 
 
 t give all t - . • termine the fir. 
 
 rrogrece of the far to the tiroe of 
 
 The far - rouped by the ye^rc ich settlement 
 
 . 
 
 le 12 presents - •• . ic 3 for various 'or all far 
 
 and - - . of the groups. 
 
- 29 - 
 
 Table 12, -Owner-operator farms grouped by date of settlement: Financial progress of settlers 
 
 Item 
 
 :Unit 
 
 Farms : No 
 
 Acreage in farms :acre 
 
 Acreage of crops harvested in 1924 :acre 
 
 Acreage of crop failure in 1924 :acre 
 
 Acreage in pasture in 1924 :acre 
 
 Acreage covered by water rights :acre 
 
 Purchase price :dol 
 
 Initial payment :dol 
 
 Cash on hand after payment :dol 
 
 Property brought to farms: • 
 
 Implements and machinery :dol 
 
 Livestock :dol 
 
 Initial net worth :dol 
 
 Cost of improvements made since purchase :dol 
 
 Purchase price plus cost of improvements made 
 
 since purchase : dol 
 
 Weighted 
 average 
 of all 
 farms 
 
 70 
 
 5 4 
 
 2 
 
 7 
 67 
 
 9.539 
 4,264 
 
 891 
 
 249 
 
 335 
 
 5,739 
 
 2,316 
 11.855 
 
 Present value s 
 
 Land and buildings idol J 12,475 
 
 Implements and machinery :dol 
 
 Livestock, :dol 
 
 Cash on hand :dol 
 
 Total value :dol 
 
 Debt6: 
 
 Mor tgage s + : dol 
 
 Personal :dol 
 
 Merchant credit ;dol 
 
 Other debts ;d l 
 
 Total debts :dol 
 
 Present net worth , :dol 
 
 Increase in net worth :dol 
 
 Excess of present value of farm over purchase : 
 
 price plus cost of improvements :dol i 
 
 Total receipts from outside employment since : 
 settlement :dol 
 
 Total outside cppital put into farm since pur- : 
 chase :dol 
 
 Total capital taken-out of farm since purchase. :dol 
 
 891 
 
 95U 
 _5iL2 
 
 lU.S62 
 
 3.9^3 
 226 
 
 15 
 SI 
 
 JL2& 
 
 10,597 
 4,858 
 
 620 
 
 876 
 
 S92 
 S97 
 
 Prior 
 to 
 
 .1903 ... 
 1 
 
 118 
 106 
 
 9 
 
 118 
 
 3,009 
 35 1 * 
 
 7,000 
 
 1.500 
 
 2,000 
 10,854 
 
 11,200 
 
 14,209 
 
 23,600 
 3,000 
 2,130 
 
 28.710 
 
 12,000 
 200 
 
 12,200 
 
 15,530 
 
 5.676 
 
 9.391 
 
 16,000 
 
 1903- 
 1907 
 
 Ss 
 
 95 
 
 72 
 
 5 
 
 10 
 92 
 
 2,920 
 4o4 
 
 1908- 
 
 1912 
 
 ~ _ 13S 
 79 
 60 
 2 
 101 
 76! 
 
 I 
 
 1913- : 
 1917 1 
 
 2521 
 
 77« 
 
 59: 
 
 2: 
 
 9: 
 
 75: 
 
 6,062:10,264! 
 2,772! 4,479! 
 
 541: 1,165: 872 
 
 103! 196: 251 
 
 192j 29 3 j 405 
 
 l,*o: 4,426: 6,00.7 
 
 : 1 
 
 5,64o: 3. 908! 2,361 
 
 8,560: 9,970:12,625 
 
 17.647 
 
 1,17S 
 
 1.391 
 _ 581 
 
 aoizai 
 
 3,620 
 
 55 
 
 15 
 11.5 
 
 JLuSOJi 
 
 lb,992 
 15,752 
 
 9,087 
 1,008 
 
 2,526 
 
 191 8 
 
 67 
 55 
 44: 
 l 
 5 
 55 
 
 12,444 
 6,249: 
 
 1,3^5 
 
 247! 
 
 321: 
 8,162 
 
 1,219 
 
 13,663 
 
 1919 
 
 1920 
 
 78: 
 
 54 1 
 
 4 3 : 
 
 1: 
 
 4: 
 
 53; 
 
 14.557J 
 6,272: 
 
 48 
 
 53 
 
 41 
 
 1 
 
 4 
 
 51 
 
 14,207 
 6,6l6 
 
 559 > 923 
 
 14,478:12,909! 
 995: l,007s 
 1,108: 1,052 
 
 _ _g.20j 5.221 
 
 17.201:15,490 
 
 3,373 
 156 
 
 3 
 .31 
 
 4,070 
 
 13.131 
 
 3,705 
 
 4,503 
 
 1,368 
 
 1,118 
 1,942 
 
 3,793 
 
 296 
 
 8 
 
 105 
 
 4^202 
 
 11,238 
 5,281 
 
 . 254 
 
 1,000 
 
 - 7bg 
 779 
 
 2891 
 342! 
 7,462 
 
 1,107 
 15,664 
 
 287 
 
 304 
 
 8,130 
 
 852 
 
 15,059 
 
 10,737! 10,748 
 
 7l4s 719 
 
 878 
 
 1.097 
 
 1 2.485 
 
 4,048 
 121 
 
 13k 
 
 4.107 
 
 8,227 
 65 
 
 -2,925 
 
 1,162 
 
 l,04l 
 244 
 
 5,254 
 334 
 
 3 
 .35 
 
 5.626 
 
 6,859 
 -603 
 
 -4,927 
 535 
 
 832 
 
 209 
 
 11.442 
 
 4.095 
 511 
 114 
 
 _kJ20 
 
 8,722 
 592 
 
 -4,311 
 
 207 
 
 1.01$ 
 92 
 
 1921 
 
 32 
 53 
 4l 
 
 1 
 
 4 
 
 52 
 
 10,463 
 5.51S 
 
 1.017 
 
 396 
 407 
 7.338! 
 
 550 
 11,013 
 
 9,578 
 745 
 790 
 
 _446 
 n.559 
 
 1922 
 
 1923 
 
 3,34o 
 84 
 
 31 
 
 J.516 
 
 8,043 
 705 
 
 -1.435 
 
 430 
 469 
 
 420 
 
 25 
 
 79 
 4o: 
 
 1 
 
 7-958 
 3.936 
 
 537 
 
 233 
 
 253 
 
 5,005 
 
 351 
 
 3.309 
 
 8,400 
 5l4 
 
 637 
 421 
 
 .iu971i 
 
 2.456 
 112 
 105 
 
 £Ml 
 
 7,299 
 2,290 
 
 91 
 
 421 
 
 923 
 
 64 
 
 U 
 
 44 
 1 
 5 
 
 53 
 
 9.758 
 4.563 
 
 323 
 
 353 
 244 1 
 5,488 
 
 4o9 
 
 10,167 
 
 9.621 
 
 638 
 690 
 
 1924 
 ~26 
 
 7.453 
 3.255 
 
 912 
 
 369 
 1 359 
 
 44 
 
 7,497 
 
 7,658 
 756 
 
 531 
 
 491 
 1x438 
 
 ^.336 
 89 
 li 
 192 
 
 4.618 
 
 6,598 
 1,110 
 
 -546 
 245 
 
 599 
 13 
 
 3.485 
 236 
 
 15 
 
 3, 766 
 
 5,672 
 
 777 
 
 151 
 
 46 
 69 
 
- 
 
 ore has beon ar. Ln net wort: the groups exec t 
 
 xoup, alt oases for , and 1921 groups 
 
 are small, .ered aa a single group, the av :.se 
 
 c about £ . cent is due to 
 
 . of f i; but improvements Mnce purchase have 
 
 per cent as much as the increased value of real estate. 
 
 >, 1920, 1 23 groups the present value 
 
 farms is le n the purchase price plus the cost of improvsir.ents . 
 
 res indica.e in a gent the in: . oi land values that tc 
 
 to 19: , : the deflation that has taken place since that time 
 
 Is to bo greater' for those who have 
 oc: be longer, although the increase is not regular. 7or 
 
 -roups prior to ".he average Is greater than the average 
 
 for al" Faros, I .le for .md eash subsequent year the increase in net 
 
 *or jji the average for all years. 
 
 )f occu-naney of the fen.iers no'J" owning the farms 
 Log the avorage annual increase in net vort. 
 
 le 13 cer: cant comparisons are :uade. The sum of the 
 
 -e and the cost of improvements cince purchase is CC • ith 
 
 present value of farms. nonat of deferred payments on the purchase price 
 
 spared : of present debts, ueferred payments boir. 
 
 .ssible to the ; of deoto et the tine of purchase. The 
 
 cash on hand and values of livestock and equip-r^nt at the time of 
 .se and a* I ime of enumeration are compared. 
 
- 31 - 
 
 Table 13 .-Owner- operator farna: Comparison of values of various 
 it* o of t ent and at time of enumeration 
 
 ' 
 
 tl-urchaat- f erred pi - 
 
 :plaa it.icrovo- rments vs pros- 
 :ments vs :• at debts 
 
 : • 
 
 r to 1O03 ( .): 
 
 at , ?09 
 
 enumcr 23,600 
 
 Increase : , 3 .391 
 
 1903-1907 8f C 
 
 : B,5 
 
 enumer < \ 
 
 : 
 
 190S-1312 sottlers (138 farms) i 
 
 ••ttX< : 9.97C 
 
 . k t : 1--.U?S 
 
 fnci : 
 
 l c 13-1^17 
 
 • Mttl : 1 
 
 : 
 
 : 
 
 :.ers (67 farms] 
 
 : 
 
 At enu:> : 
 
 'ease .........: 
 
 : 
 
 At sett: : 
 
 At er : 
 
 Dollars 
 
 2,655 
 __12 x 200_ 
 
 f ,:-; 
 
 • j 3Q I 
 
 12.625 
 
 2.516 
 
 
 3.29c 
 
 JiaClO. 
 
 
 Dollar a 
 7*000 
 
 • 
 
 5** 
 
 b 
 
 1.16^ 
 620 
 
 -_ - 
 
 .735 
 U.2G2 
 
 872 
 522 
 
 ^•ij? 8 ?,. 
 
 =252 
 
 
 ■5.195 
 " ■107 
 
 -1. 
 
 16- tji 
 
 15,059 
 
 ^.311 
 
 . - - 
 
 : 11,013 I 
 
 » ?.3?S ! 
 
 i'2 --, 927 _ 
 
 ■•tt lament 
 
 At er.unerc*- 
 
 -ease 
 
 192: tattlers (32 farms) 
 
 A*. ] e nent . . .• 
 
 
 
 
 
 -ers (25 far 
 
 4 : ,30? 
 
 : 
 
 : /- 
 
 tlere (3 : 
 
 : 10,l67 
 
 enumeration : 9.621 
 
 ■ : -; : -' 
 
 :. (26 I :~ 
 
 • •.• 7,1 
 
 : 
 
 1 
 
 I 
 
 ... • : 
 
 At enumeration 
 
 b2C 
 
 3,235 
 
 . 5 , §26 
 
 7,591 
 
 •• 7 20_ 
 
 -2,871 : 
 
 U.QU5 
 
 -1.^29 
 
 b,022 
 2,.ffi 
 
 lS 
 
 5,195 
 
 U,6lS 
 
 
 
 3.766 
 
 351 
 
 .275 
 
 : -1,010 
 
 7 
 
 - 
 
 323. 
 
 -180 
 
 023 
 
 17b 
 
 . "• 
 
 
 5S7 
 
 323 
 
 ^i 
 
 Equip- 
 ment 
 
 Dollars 
 
 1.500 
 .000 
 
 i,yg 
 
 103 
 
 1,178 
 
 
 196 
 
 122 
 
 • 251 
 
 1^007 
 
 756 
 
 2U7 
 
 2a 
 
 71U 
 
 U2^ 
 
 287 
 J12 
 
 U32 
 
 3Q6 
 
 
 233 
 
 251 
 
 35S 
 63S 
 
 230 
 
 bqj_ 
 
 
 
 Z56 
 
 
 2bQ 
 891 
 
 live- 
 stock 
 
 Dollars 
 
- 32 - 
 
 FB BLK COST OF LJUffi ANT lATKB 
 
 As stated in t:. "tor; - paragraph, it Le riot possible to 
 
 segregate the values of land and water. In this project originally land 
 and water were purchased ceparat I ml/ about cne-eighth of the nt 
 
 hollers of farms pur. • eriod when thir condition existed. 
 
 r the others the purchase price of the farms covered land, water, and such 
 
 were on the .3 possible to discuss, therefore, only 
 
 total cost to settlers. In this project the average per acre, obtained 
 by dividing the total purchase price by the land in f;.rms, is $136. The costs 
 of improvements made since purchase have averaged $33 P er acre, making a total 
 cost of $l6? per acre. 
 
 The average excess of receirts from farm products over farm expendi- 
 tures for the year 192b, considering all farms in a single group, was $1,^0? 
 per . le 3}. To this was added an average income from outside labor, 
 
 ork animals, machinery, etc., of $136 per farm, making a total of 
 ,538 per farm. From this must come whatever allowance is made for interect 
 est nent, depreciation-, payment for the labor of the farm operator and hi:; 
 
 payments on debts. 
 Deducting interest on net investment and depreciation on equipment 
 there is a balance - - - . : for labor income. 3ut interest on net 
 
 .ent a- - •,> not expenditures, so that the whole net return 
 
 , 3?, in aduiticn to the rent end family livir.tr obtained from the I r , 
 is r meeting living expense. , on the place, and 
 
 making i • aro from fully developed far nting 
 
 a cost 0: per acre for land and improvements. There is no doubt that on 
 
- 3 - 
 
 the average these -develope . i produce a sufficient return to 
 
 enable the r" 
 
 . a?co. Bt^ndpoi ore maV of interest 
 
 on their investments ar: , e. 
 
 The consus enu: i instructed to §e* .1 
 
 duler all farm were irrigating all or an;' .p: rt .r 
 
 . fclon of a farm has been follo'ved: 
 
 • , for ceneua : , 11 the land which is directly 
 
 farmed by on°- person, either by hi a o--n labor alona or with the ansistance 
 of Pa of his household, or hired employees,*** 
 
 id c: less I t ree acres, 
 
 unless its products in 192^ "^erc valued .' :0 or more." 
 
 Values. - lues of farr farm property are those given by 
 
 the farm operators to the census enumerators, -ucted 
 
 to • the farft operator .nless they had reason to believe 
 
 they rere "color- the- .1 valuer, 01 the fame or were grossly ex- 
 
 aggerated, ares they -er -e , as . -'aa-they. could 
 
 determine, the arc: Luding ings and improve- 
 
 , wo-ild sell under normal trend v orf.ed sale). As a rule 
 
 ratora V7ere local men ••■ wall infer. -ci r.s to local val 1 di 
 
 3 .ledfe Of 'tr. Dr loans, ^rtd assessments for 
 
 placet;, fc o vith tin . ir value ic 
 
 the value - : of the . In other places they may be owned 
 
 andently of the land and car. bo ar A a se; value. Tn an 
 
 r -'..''-. t. wat^r v r :: little value, while '..and. ay 
 
 • a high, value; but usually it L| not possible to 9* value 
 
 that 1 ignet ■ at should be asri,;ned to the 
 
 water, and t nod to ihe improve! made by the 
 
 • ay be sol 
 frc re are, usual , rs to lues. 
 
 i:et investment oeed I study, is the 
 
 difference between the su~. of 1 the farm, its equipment ai e- 
 
 cto . .1 the the debts of all claeeea* 
 
 It computing interest . te used is the average 
 
 3 of indebtedness 
 Bt of debts on which the interest is corcrut' 1. 
 
- ^ - 
 
 ict reported i by 
 
 • d 
 
 i for the 
 
 Bed in c 
 
 . - .- c u-Ted t 
 
 nts 
 i and t not r> , the 
 
 pr«- -.he basic of 
 
 In cooput 
 rs of rented farms pn ce on buildii 
 
 of th . ar. value of bi: premi 
 
 I zh both the<- d. 
 
 Rent, - C?he ce- Ls for the Lie 
 
 ntal schl ■ quan*. -s Of product 
 
 deli bo 1 i Then value 8 were not repc: 
 
 ~es based or. ot e project nere auod in c 
 
 valu 
 
 ■ 'r? receipts, . - 'eported as receipts fri 
 
 /.' are the net increase a froxa January 1, 19"U to , , 
 
 iaces and purchaeea l~ -s 
 
 and for crons the v a of products 
 1 for sale constitute 
 val t Lly use or for feed or seel arc net 
 
 the prr . •• -od sugar beets is Pop, 
 
 price to be r 
 the grower received for the sl 
 
 not determined until I 11 
 
 r beets t 
 
UNIVERSITY Of FLORIDA 
 
 3 1262 08921 5098