OCR Text |
Show FARM EXPENSE FIGURES LISTED Taxes, Labor and Interest Constitute Principal Items of County Farmers' Expenses Farm Expense The average total current farm expense, as reported by the farmers farm-ers surveyed in Washington county was $568. . On the average, the county taxes constituted 21.4 per cent of total current expenses, or $121.70, while hired labor was 19.2 per cent or $108.90 per farm, and interest on borrowed nyney 12.7 per cent or $71.96 per farm!. These three items made up 53.3 per cent of the total current expense. Average current cash expense, as reported by 69 farmers in Washington Wash-ington County in 1928, as reported by the survey was: ' Per Cent Item Amjt. of Total County taxes $121.70 21.4 Hired labor 108.90 19.2 Interest . 71.96 12.7 Feed 48.49 8.6 Water taxes ... 47.17 8.3 Auto expense 44.96 7.9 General farm expense ex-pense - j. 34.10 6.1 Repairs to buildings and equipment 34.87 6.0 Farm supplies 30.58 5.4 Seed i. . 21.12 3.7 Insurance 4.14 0.7 Total current cash expense j.... .$587.99 10Q.O The average feed purchased amounted am-ounted to $48.49, water taxes, $47.17 and auto expense chargeable to farm $44.96, or approximately 8 per cent for each of these items. The general gen-eral farm expense and repairs amounted am-ounted to approximately $34, or 6 per cent of the total for each item, while farmi supplies averaged $30.58, seed $21.12, and insurance $4.14 per farm. The major portion of current cash expense was for overhead charges, constituting 55.2 per cent of the total. This unusually high per cent-age cent-age of expense chargeable to overhead over-head is accounted for by the small acreage of various crops grown and the system of marketing in use, that of selling to peddlers, which kept the production and marketing expenses low in proportion to overhead over-head expense. Total Farmi Expense The average total farm expense as reported by the farmers surveyed survey-ed was $765.93. Of this, the current cur-rent cash expense constituted $567.99 or 74.1 per cent, livestock purchased $1'15.35 or 15.1 per cent, these two items making up 89.2 per cent of the total farm expense. Depreciation of buildings and equipment amounted amount-ed to $82.59 or 10.8 per cent. The total cash receipts from the farm were $1176.45, and the total cash expense was $683.34. This leaves net cash receipts of 493.11 for the year's business. |