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The banker-farmer news bulletin
(1920-1924)

Otis, D. H.
The Banker-farmer news bulletin. Bulletin no. 16: know your profits PDF (1.0 MB)



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                          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
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