Show LABOR LABOR INCOME ON THE 1 11 FARS PAR Fair mers should keep sufficient ran R ordo of their business Qu lne to chabla them to know standing dy D W phean colorado tural college one measure of a Is tho the amount of money which lie he hu him left to pay him for hla his own labor aftem ho he has root mot till ill other expenses of ranat ning his farm including intern lule reat cc hla his investment the legit legitimate imatO ra nan ning expenses of tho the farm farin do not to ilk clude personal pors onal living or household e c honses tills this sum received ly by lh farmer for his own labor tor for the Is his labo income some farmers are malting making labor to im cornea comes about as aa largo as aa their idail litres men and some borne are making good yb Y b sal arlos others are receiving 34 or nothing for their labor their income la its largely or entirely from abw U interest on their investment farmers who are not mattoe labor incomes equal to the wages of a eoa 2004 hired man would be bettor better off ilmo dally it if they would sell cell their famia rana put their money out at intO rOtt ana work for wages an example will mako make alil plain assume that A farmer has a farm 1 io come of 1600 1500 and that his farm to ix aeb vestment ament la is interest Inte reet on an this at 6 per cent to la 1200 the dud once enco between this amount and SIAM or represents his labor inocan it if his net income Is only 1200 uie ho he has bait no labor income alid abd la Is arts ing tor for nothing farmers should keep sufficient reo ivo of et their business toor to ablo tam lytwa to determine their labor lucjan awn means meane taking an inventory at jbv ah opening and closing of the year keeping a record of tho the expenses sask ang receipts if a farmer making wages in addition to a fair rate of interest on his iny investment estment he bo vught U know it and then tako take steps to seam ivars why and to correct the trouble on tho the other hand band some farmer zw making more than good interest as their investment and wages for tb time which they put in it they sav not making as much money lass they would like to it may bo be because investment is too small email anil and tho the tf they actually work too limited |