. The book of corn;. Corn. COST OF GROWING CORN 299 taxation, labor and labor maintenance, fertilizing ma- terial, seed, team maintenance and depreciation of ma- chinery and horses. Land, horses and machinery are treated as permanent capital and an allowance of inter- est on this permanent investment is not considered as part of the cost of production, but the net profit on the crop after all the circulating capital which has been used up has been replaced is taken as the profit of pro- duction and therefore is the interest returned on the permanent Fig 86—Mediterranean Flour Moth
. The book of corn;. Corn. COST OF GROWING CORN 299 taxation, labor and labor maintenance, fertilizing ma- terial, seed, team maintenance and depreciation of ma- chinery and horses. Land, horses and machinery are treated as permanent capital and an allowance of inter- est on this permanent investment is not considered as part of the cost of production, but the net profit on the crop after all the circulating capital which has been used up has been replaced is taken as the profit of pro- duction and therefore is the interest returned on the permanent Fig 86—Mediterranean Flour Moth Efhestia kuchnicUa: a, moth; i, same from side, resting; c, larva; </, pupa- enlarged; e, abdominal joint of larva—more enlarged (after Chittenden) Labor and IVagcs—The great bulk of the corn crop is produced by the labor of the owner of the crop. Some hiring is done in stress of work, but this usually supplements the labor of the owner. In figuring labor cost the rate of wages paid' where hiring is done by the day is used, the assumption being that the owner is entitled to charge his labor at the highest local mar- ket price. By common custom in every community, there is a wage rate for labor with board furnished and another where the laborer boards himself. The difference between the two rates represents the valine or cost of maintenance as determined by experience and custom. In this investigation cost of wages and. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Myrick, Herbert, 1860-1927, [from old catalog] ed. New York, Chicago, Orange Judd company
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Keywords: ., bo, bookcentury1900, bookdecade1900, booksubjectcorn, bookyear1903
