Show Returns in 1923 1928 Slightly Better 1020 Average Return Made for Use of Capital Capi Capi- r tal ITal and Labor i Prepared by the United State Statu Department of ot Agriculture I An average cash balance of SO was returned to owner operators In 1923 on farms surveyed by the United States Depart Department ent of ture In addition to this his margin of cash receipts over cash expenses these farms Increased inventories of crops live Uve stock machinery ry and supplies supplies' making an average return of f 1020 for the use of of capital and the labor of the fanner farmer and his family These farms also produced rood food and fuel on the farm es estimated mated to to be worth on the av av- av- av rag Better Than In 1922 This is slightly b better than shown sho by a similar survey for 1922 1022 on 60 4 owner-operator owner farms which averaged n a cash balance of increased inventory Inventory in In- centory of and produced food and fuel worth on capital amounting amount amount- lug ing to The cash balance of 89 in 1923 was all the average of these hes farms made available to the owner to pay his living expenses take care of debts and make improvements Interest paid on debts during the year 1923 averaged and the reported outlay for tor improvements averaged Sales of crops in 1923 on the average average average aver aver- age totaled or or 38 per cent of total total total to to- tal cash receipts of 2240 Sales of live UTe stock or live stock products were 1310 1810 or 58 M per cent of the total re re- re- re Miscellaneous receipts were 80 80 SO Cash expenses amounted to 1350 which included hired labor worth for tor the year live Uve stock feed fertilizer 60 seed 40 taxes machinery and nd miscellaneous ous j l. l Size and Value L The size of the farms was acres on cn the average and the reported value I of land and buildings was the thesbe size and value of the farms farina being I larger than the average reported Inthe in inthe inthe the 1920 census The value of crops live Jive stock machinery and supplies on hand band at the e beginning of the 5 year ear was 2960 The acreage of the farms reporting reporting re re- re-j re porting in 1922 was acres and the average capital The department points out that the figures apply only to the farms reportIng reportIng report- report Ing lag and to the farm business in each year Many farmers farmers' have property besides the farms they work or supplemented supplemented supplemented sup sup- their farm fann returns with outside out- out tilde side work and many drew on savings savings' or borrowed to meet expenses not covered covered cov coy ered by current rece receipts It Is probable probable probable able however r that the figures give a fairly accurate of the state of the business of owner owner- owner operators Inthe inthe in inthe the years covered by the surveys the department says |