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Wisconsin bankers' farm bulletin
(1913-1919)

Wisconsin bankers' farm bulletin. Bulletin no. 6: business methods on the farm PDF (1.0 MB)



HOW TO MAKE AN INVENTORY.
   List and give a valuation of each building. The value to be put upon a
building will depend upon its present usefulness, original cost, charaster
of
           building material used, construction, state of repair, age, location,
Buildings. etc. In case of dwellings and barns, handiness and sanitation
are
           also points which need to be considered. The value must be esti-
mated on the basis of the above factors. Statistics show that buildings will,
as a rule, decrease in value at a yearly rate of from two to four per cent
of
the original cost.
    Under this heading enter all items that have to do with the water supply
of
the farm and thbt is a part of real estate. Gasoline engines and movable
ta-ks
                 would not be included in this group. Pumps, wells, cement
Water System. tanks and reservoirs, windmills, etc., should be itemized and
                 given separate values. The values of windmills and pumps
must be reduced at the rate of from six to ton per cent yearly, whereas,
wells,
opnerste tanks and reservoirs can be put in the inventory at the same value
each year.
    After having obtained the value of buildings and the water system, add
the
two totals together and subtract their sum from the value of the whole farm.
        The remainder will be the value of the land including fences, wood-
Land. lots and drainage. Land ought to De leut atLUO tmnuL a
       ventory from year to year unless there is good reason for some other
practice.                                                               
     1
    Horses and cattle are inventoried individually. In order that they may
be
recognized when taking the next inventory, they ought to be listed either
by
              name or number. The local selling price of horses and cows
Live Stock.  will help to determine their value. Age must be considered.
              Horses usually rise in value until they are about 4 years old
and
then fluctuate with the seasonal price until they are about 10, and then
drop off
rather rapidly. The value of milk cows will usually rise and fall in the
same
manner. Hogs, sheep, poultry, (unless purebred), are usually inventoried
at a  i.
certain rate per head, this rate being based on market price.
    This includes hay, straw, grains, corn, ground feed, binder twine, paints,
oils, nails, posts, etc. Most of the purchased supplies are on hand in small
                        quantities and can either be weighed or estimated.
Produce and Supplies. With roughage, grains and corn It is different. The
                        amounts on hand of these commodities are found by
getting the cubic contents of the bins, mows, and stacks. To find the approxi-
mate number of cubic feet in a stack, measure its length, width and "over".
To measure the "over", throw the tape over the stack and hold It
tight down
to the bottom of the stack on both sides. Having the measurement, multiply
the length by the width, by the "over" and divide by 4 to get the
number of
cubic feet. The number of cubic feet to a ton will vary from 360 to 560,
de-
pending on the kind of hay and how well it is packed. 500 is ordinarily a
Sae
figure to use. Ear corn will run between 2% and 2% cubic feet per bushel,
depending somewhat on the size of the ears and the length of the time it
has
been in the crib. If one wishes to use 2%S cubic feet, the easiest method
is to
multiply by 4 and divide by 10. A bushel of oats, barley, etc., runs very
close
to 1% cubic feet to the bushel. To reduce cubic feet to bushel, therefore,
one
may either divide by 1%4 or else multiply the cubic contents of the bin by
8 and
divide by 10. Silage will vary from 20 to 60 pounds to the cubic foot, depending
chiefly on the height to which the silage stood in the silo at the time of
filling,
There is no market price for silage, but for the purpose of the inventory
it
may be valued at 1/3 the market price of hay.
     221~~~


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