OCR Text |
Show Importance of Farm Finances TUB fundamental facts upon which the problem of farm finance rests are the cost unci Ihe selling pi Ice of farm products; that the c-ost of farm products Is meueuied and deiermlac-d by three factors (1) interest on the. Investment, (2) labor Incidental to growing, grow-ing, harvesting and marketing ihe crops, and (31 soil fertility removed by the crops; and that farmers In the United Stales are not prosperous for the reason that they have to sell their products for less than they cyst Taking tho average yields and cost per acre of com, oats, wheat ami timothy, the cot per buslu l ()f grain is shown to be 07 coots, 'S3 cents and $1.01, respectively, while a ton of timothy' costs the average- farmer $11 15 to produce. On the other hand, the averagn prices received by the farmer are 35. 2 ond 70 cents, respectively. pt.r bushel for the grain and $7 .Mi per ton for the hay. in me e..umaie or u.o cost Is reckoned Ihe loss of potriMi. phosphoric acid and nitrogen remov d by the crops, which depletes soil fertility, the value of which the average-fanner average-fanner seldom considers. The problem' of maintaining our .soil fertility, however is reRarded as the paramount problem of agrl-culluie, agrl-culluie, which cannot b made a permanent 1 industry until It Is llrst made profitable I Among the good results mentioned that would follow the adoption of a system of profitable agriculture would be the rapid 1n- crease in the number of farmers, as u Urge number ef vvageworkers in the cltew would take up fanning, lesulting In an approach to "that Ideal national Ale of society with a more uniform distribution e,f population and with the greatest possible number uf Independent producers of wealth." |