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Show Business Principles Required on Farms Operation by Guess or 'By Neighbor' Deplored Cash, credit, equipment, soil ter tility and human strength are in volved on the ledger of assets con trolled by the farmer and ranchei '. assets that become liabilitiei when management is lacking. Probably 90 per cent of the differ ence between a poor farm or rancl I AGRICULTURAL INCOME IN THE U. S. 23.3 BILLIONS Ml ,! g aojushd OF DOlLARSlJJjlJi 1 ';V,l 1939 '40 41 '42 43 '44 '4b '4S '4J """ " " fOURCb U.l DIPAI1MINI Of COMMIICI i ii net 1. 1 i and a profitable one is in the management. man-agement. Good business principle." lead a farmer ahead, whereas one who operates by intuition, by guess or "by neighbor" never gets ahead. Here are a few points necessarj to good farm or ranch manage-- manage-- ment: I KEEP RECORDS. This as-i as-i sures factual data to use in determining de-termining production possibilities of the farm or ranch. See that yields of crops, production of livestock, live-stock, cash expenses and receipt! are recorded properly. 2 WATCH MARKET TRENDS. By consistently reading market outlooks or discussions on prices, which reflect the most probable future fu-ture situations, farmers and ranchers ranch-ers will have a guide to use in planning plan-ning production. Thus they will b able to have produce ready to sel at the right time to realize the highest high-est price and still have livestock and land more fertile for the following year. 3 PLAN LABOR.- Make it tie in with seasons for care of machinery ma-chinery and equipment, time for planting, care of crops, harvesting and marketing. 4 PLAN THE FARMSTEAD AND FIELDS. Make rotations easy, save labor and increase yields by adapting crops to land. |