Show BUSINESS APPLIED TO tile the following interesting article was received from atty J A melville in response to our request ot of some weeks ago mr air melville also sends his greetings to the people of mallard agriculture Is one of our fundamental industries and probably offers as many opportunities tor for success as any other line of industrial endeavor the percentage ot of failures among agriculturalists Is much lower than in mercantile or other commercial lines an intelligent application of business principles t to 0 agriculture ri invariably brings success nearly all failures are traceable to either a lack of business methods or a lack of industry in III every large commercial enterprise there are different departments mercantile establishments have a n dry goods shoe hardware clothing grocery and other departments separate accounts are kept tor for each department part ment to determine whether it is paying or not and it if not why not it if a department shows a loss at the end of the fiscal year ways and means must be devised to make it profitable or that special department must be eliminated no successful business house will continually take the profits of one department depart meint meat to cover the losses in another agriculture naturally divides itself into several departments such as live stock stack poultry dairying and farming each of these may be further classified into sub departments for instance the farming department may include fruit raising wheat growing sugar beets alfalfa seed truck gardening etc separate accounts should be kept tor for each department part ment showing costs coats of production market price and the profit or loss it if there Is a loss at the close ot of the year the cause must be ascertained and new methods applied to make the department a revenue producer it if this is not possible then that particular department should be eliminated the cause of losses Is frequently attributable to lack of markets transportation costs overhead expenses including labor taxes inefficient and obsolete means of producing or marketing the products or the interior inferior quality of the article offered tor for sale from the foregoing it la Is apparent that every one engaged in farm farming ing should adopt an accounting system which should provide for or separate accounts with each department this should show the cost of production which will include interest on the original investment whether land and water or live stock taxes and assessments cost ot of machinery and depreciation of the same cost ot of labor and cost of 0 marketing including transportation the product or article sold should bring a price in excess ot of the aggregate amount ot of the above items which will be the profit it if this la Is not true then there Is a loss and the cause ot of the loss must be ascertained in every locality there Is usually some product or article that commands a specially good price and particular attention should be given to the production ot of this commodity however it is not usually advisable to produce simply one article tor for sale frequently diversified farming Is more profitable and the hazards are less in addition to good business methods there must be persistent and intelligent tell igent work one may be especially gifted mut the best this will bring Is to make the road a little smoother or hasten the achievement success cannot be attained except in the coin of labor the goddess of fortune Is ia no respecter of persons and frowns on those who attempt to enter ente r the charmed circle through the influence and work of others the hard road Is the short road in most worth while endeavors some times it Is steep and rocky but on reaching the top one Is rewarded by the satisfaction of having achieved success it has been truly said in epigram that only aviators fly to success the rest of us must climb J A melville |