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Show Analysis of Farm Business Pays "Utah farmers are becoming farm account conscious," says W. P. Thomas, economist of the U. S. A. C. extension service. "They are keeping accounts for the purpose pur-pose of analysing their businesses in order that they may be made more profitable. Agricultural leaders lead-ers who are giving the farmers the greatest assistance in farm organization or-ganization and management are the ones who have this new interpretation, inter-pretation, that account keeping is for the purpose of farm business analysis, and not merely a recording record-ing of income and expenditures." Dr. W. I. Myers of Cornell University Uni-versity states: "The purpose of farm management analysis is to increase the financial returns of the farmer. In order to make intelligent in-telligent suggestions for improving improv-ing the farm business, it is desirable desir-able to measure different factors that are known to be important and compare them with some standard. Of the many factors affecting af-fecting labor incomes of fanners, the most important are size or business, production rates of crops and animals, balance and labor efficiency. ef-ficiency. The most successful farmers usually have: a business as large as, or larger than the average av-erage of the region; production of crops and animals as good as, or better than local averages; a business bus-iness so balanced that labor, land, by-product feeds, and manure are used in the most profitable manner man-ner considering the farm as a whole; labor efficiency above the average of the region. Labor efficiency usually is more dependent on size and balance than VI ci. the management of the lamer. Feeding efficiency, capital tffciency and many "other factors are important but usually are not so important as those-mentioned those-mentioned above. Adaptation of type of fannini? to conditions is very important, but real farmers seldom make serious mistakes in this." |