Successful farming : a ready reference on all phases of agriculture for farmers of the United States and Canada . e difference betweenthe milk and beef value, which in this case would be $160, divided by 7,the number of years in milk, would give the major portion of the annualdepreciation. To this should be added the mortality in cows, whichaverages about per cent annually. Likewise, the interest on the valu-able cow is much greater than on an ordinary one. This all increases thecost of production. Intensity.—In every locality and for each type of farming there isan optimum degree of inten
Successful farming : a ready reference on all phases of agriculture for farmers of the United States and Canada . e difference betweenthe milk and beef value, which in this case would be $160, divided by 7,the number of years in milk, would give the major portion of the annualdepreciation. To this should be added the mortality in cows, whichaverages about per cent annually. Likewise, the interest on the valu-able cow is much greater than on an ordinary one. This all increases thecost of production. Intensity.—In every locality and for each type of farming there isan optimum degree of intensity that will bring maximum profit or mini-mum cost of production per unit of product. In general, the higher theprice of land and the higher the value of product, the greater may bethe intensity. High-priced labor has just the reverse effect. Cheap laborencourages intensity. Each producer must carefully consider the amountof labor and the value of fertilizer that can be applied to each acre of landin order to bring the largest profit. Size of Business.—Careful investigations show that it costs less per. Courtesy of Virginia-Carolina ,-Riehmond, Va. FertilizerUrop nooks. (804) COST OF PRODUCTION 805 acre to produce crops on large farms than it does on small ones. Thesame is true in the cost of producing livestock and livestock larger farms are enabled to make a fuller use of the labor of menand horses, as well as equipment. It costs nearly as much to equ p an80-acre farm as it does a 160-acre farm, so that the equipment cost per acreis little more than half as much for the larger size as it is for the buildings on an 80-acre farm will cost nearly as much as on a 160-acrefarm, so that the cost of housing per animal is relatively less in case ofthe larger farm. Larger farms make for the use of large teams and largeimplements, thus reducing the cost for labor. They also offer betteropportunities for more continuous emplo
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectagriculture, bookyear
