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Show CREDIT SHEET FOR FARMERS Texas Bankers Using Model System of Farm Management as Basis for Extending Loans. Texas bankers who make a practice prac-tice of loaning money to farmers have adopted, for their own protection and for the guidance of borrowers, what is known as a "Crop rate sheet for safe farming and bank credit." Taking Ta-king a -ill-acre two-horse farm as a unit, this sheet states the live stock and the quantity of food and feed crops necessary to support on such a farm a family of five. The prospective prospec-tive borrower is requested to state in the same way the actual system followed fol-lowed on his own farm. The closer the actual practice approaches the system outlined in the rate sheet, the better is the farmer's credit. The bankers consider that the following fol-lowing arrangement is a safe basis for borrowing and for loaning money: Food Crops. Number of pigs and weight: 4 pigs for 1,000 pounds of pork. Number of laying liens: 50 laying hens or equivalent in other poultry. Number of milch cows: -2 cows, one in milk constantly. Area in vegetable garden: 1 acre for constant supply fresh vegetables and canning. can-ning. Cowpeas and other beans: To be grown in corn. Area sweet potatoes: one-fourth acre. Area for sirup: one-fourth acre sorghum or sugar cane. Pumpkins and cushaws: To be planted in corn for good food and feed. Pasture: 1M acre pasture. For winter pasture sow a grain between the cotton rows. Feed Crops. Acres corn with cowpeas. corn shocked: 240 bushels on 12 acres, at 20 bushels per acre; 4S bushels cowpeas, at 4 bushels per acre: corn stover, 4 tons. Acres in hay crops: 124 tons, 5 acres sorghum. Sudan, or other hay. Total acres food and feed: 20 acres. Cotton, Money Crop. Acres in cotton: 20 acres. Total acres In crops: 40 acres, two-horse farm. Cotton, Money Crop. The farm is divided into two parts, one-half being devoted to cotton, the other to feed for the stock and food for the family. For the purpose of the rate sheet, it is assumed that the yield of cotton will be one-third ot a bale per acre, and of corn 20 bushels an acre. A farm managed in this way will yield, according to the bankers, an income of $G64.7S with cotton at 8 cents a pound, and of $C9S.0S with cotton at 10 cents. On the other hand, the all-cotton farm, with the same prices for cotton, will have an income of only $4G0 or $560. The system adopted as a basis for credit is not, of course, to be considered con-sidered as inflexible, or as applicable to every .section of the cotton states. It does, Bowever, serve as a valuable guide for determining to what extent the farmer is conducting his business on sound principles. It is pointed out that no bank ever cares to foreclose on mortgages, and that it is most important, im-portant, therefore, to have some means of judging of the borrower's ability to meet his obligations. |