The banker-farmer news bulletin
Otis, D. H.
The Banker-farmer news bulletin. Bulletin no. 16: know your profits PDF (1.0 MB)
I I i .ii I 'I I A tLP JIJ.nI rxwrs' By D. H OTIS Director, Banker-Farner Exchange From the standpoint of business management, farm profits de- - -_ pend upon=: Size of the farm business. Investments- in machinery, equipment and livestock. Distribution of farm activities and farm income. Amount of improved blood, in livestock, Income per acre and receipts- per cow. Adequate records to show the source and amount of farm profits. SIZE OFi THE FAXK Eli:Z This is indicated by such factors, as the number of acres, the number of livestock investments and fErm operadnd empenses From 1,633 farm records gathered is Wiseonsia, the awverap size of the farms was 149 acres. linder Wiscoenam crnditim the Auedium sized dairy farm' with from 12(& to !60i acres Alms aibun&at oppvtunity [1. for first class incomes. Records show that firms with a total iuvestment of $3000 to $40,000 shodv much larger profits thas favmes wi& an in-vsfment of $15,0(0 to $2,00O. The wisdont of increasing he, et, even though the need is apparent, depends upon the aOlity of the farmer. If he is efficient in handling a limited investment he may be reason- ably hopeful that he will-succeed with a judicious increase. If he is not efficient in handling his present investments, the reasons for this inefficiency should be discovered before the increase is made., INVESTMENTS IN MACHINERY, EQUIPMENT AND The investments in msocincei)1W~i4 ipment should be ample to meet the farm needs but not excessive. The number of cows kept ILai --V: -I I I i I I i I I, I Ii 1. Trv MMd1%Lr1r1rr.
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