Show EXTENSION NEWS balson INCOME olt oil LABOR AND WAGE ily hy C 0 stott U SA S A C intension there it Is a 1 term ter nil that the tit turners farmers of utah should income familiar with that Is Is labor income or it is S s sometime f net I 1 lines mile called operators tibor labor and wage iva go I 1 I 1 I 1 the r lie ial labor 0 r represents what tile the operator gets for his time spent ini actual work on oil the farm HS As well ns as tsuio devoted leyo ted to tile management problems problem and 1111 19 at ivy by deducting three sets ot of items from froin the total re the throe three ot of pons cs arc n re 1 all rash eash farni farm to pother gether with decreased inventory val lips 2 the value of all famil V I 1 abor of the operators la ill lor bor mid 3 interest on tho the net cap ital invested alie lust last two to ii 1 I 1 me balile of family labor lad anc interest on net capital inan invested ted aro are what we commonly Lomm only cill non C cash 1811 ax pell ses faring should he be made to produce income to kiy fqy drw deductions it if farming farni ins Is ig to le he las rd n a bli siness along side of other strictly Inn MIRl neis leRs and tile alic sooner the farmers of our state 0 to o think and figure in ili these terms tile sooner will their generillo ge farm faim man inan practices bo be so as to tile necessary noces aay inconis in tonic conic such i a line ito of thinking ill fill firm liw ano and it a out ont or of the realm of mediocrity that so maily of nt our rood farm folks themselves theall want to so classify their occupation farm f arni irni tire are kept a 1 farmer Is ii working in ili the dark daik thera Is I 1 too much guess in ills his business account aci keeping I 1 even more valuable in n periods of low margins such ns as evoi w nrc A rc passing 1 1 1911 through till nilah at the present time tillo reforde kept lut not tabular 1 analyzed zed and studied ard aie of very little litile value no one can iii arrive it at ili ahli labor income without keeping 11 accounts account c a |