Show s J Business Principles Required on Farms arms Operation by Guess or orBy orBy orBY By Neighbor Deplored Cash credit equipment soil fertility fertility fertility fer fer- fer- fer and human strength are in involved involved involved in- in on the ledger of assets controlled controlled controlled con con- trolled by the farmer and rancher assets that become liabilities when management is lacking Probably 90 per cent of the difference difference difference differ differ- ence between a poor farm or ranch AGRICULTURAL INCOME IN T THE E U. U S 5 S. 3 Q t tA A 1 M a a OF DOLLARS ill 1939 40 41 42 43 44 45 46 47 47 nut MALI 1948 V i 3 DI Of CI 1 Pt I I I and a profitable one is in the man man- Good business principles lead a farmer ahead whereas one who operates by intuition by guess or by neighbor never gets ahead Here are a few points necessary to good farm or ranch management management management manage manage- ment I KEEP RECORDS This aso assures as- as 1 1 o factual data to use in determining determining determining de de- de- de production possibilities of the farm or ranch See that yields of crops production of liv livestock livestock live live- stock cash expenses and receipts are recorded properly WATCH MARKET TRENDS 2 By consistently reading market outlooks or discussions on prices which reflect the most probable future future future fu fu- fu- fu ture situations farmers and ranchers ranch ranch- ers will have a guide to use in planning planning planning plan plan- ning production Thus they will be beable beable beable able to have produce ready to sell at lat th the right time to realize the thel highest highest high high- gh- gh est price and still have livestock and land more fertile for the following year PLAN LABOR Make it tie ino in 3 o with seasons for care of machinery machinery machinery ma ma- chinery and equipment time for planting care of crops harvesting and marketing PLAN THE FARMSTEAD AND 4 FIELDS Make rotations easy save labor and increase yields by adapting crops to land |