. The Utah Farmer : Devoted to Agriculture in the Rocky Mountain Region. alanceremaining after, a fair allowance forthe labor of the farmer is deductedfrom the labor income. In otherwords, farm income is balance overfarm expenditures, labor income isbalance over expenditures and inter-est, and farm profit is balance overexpenditures and interest and thefarmers own time. Of these three the labor incomehas been found to give the best in-dex as to the net result of the yearswork. It stands for what the farmerhas produced by farming or puttingcapital to work in agriculture. Cap-ital alone can earn
. The Utah Farmer : Devoted to Agriculture in the Rocky Mountain Region. alanceremaining after, a fair allowance forthe labor of the farmer is deductedfrom the labor income. In otherwords, farm income is balance overfarm expenditures, labor income isbalance over expenditures and inter-est, and farm profit is balance overexpenditures and interest and thefarmers own time. Of these three the labor incomehas been found to give the best in-dex as to the net result of the yearswork. It stands for what the farmerhas produced by farming or puttingcapital to work in agriculture. Cap-ital alone can earn interest, and allthat the farmer can claim to haveproduced by his efforts is what he hasmade over and above what hiscapital would have earned if safelyinvested. It therefore seems plainthat the most accurate point of viewfrom which to study and interpretthe farm records is their contribu-tion to the labor income. After study of the records, if anychanges in the farm make up areplanned, all sides of the effect ofsuch changes should be carefully Grades RoadsLevels Land. Difchin Made Easy With the Martin Ditcher and Grader Cuts V-shapc-d ditch upto i ft. deep. Pine forlevee work: ter-racing: cleaningout laterals and bed furrowing. Simple—Practical . Nothinsr to break or get out ofThousands in use. fix. Weighs 300 lbs. Does all, and more than the bi856, Owensboro, Kentucky Sold on 10 days trial Money-hack guarantee.
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectagriculture, bookyear
