. Farm financial record studies . noisfarms ia declining and the proportion of old horses increasing according toa recent study of the ages of horses on 1,157 farms. These farms had 155colts less than a year old, 180 yearlings, SU^ two-year-olds, and 293 three-year-olds. At the present rate of increase and allowing for no deaths atall, there will be only 3AOO horses less than 21 years old on these farmsat the end of a 20-year period, as compared with the 6,973 horses now onthese farms. In other words, present replacements will furnish in 20 yearsmuch less than half our present niimber of horse
. Farm financial record studies . noisfarms ia declining and the proportion of old horses increasing according toa recent study of the ages of horses on 1,157 farms. These farms had 155colts less than a year old, 180 yearlings, SU^ two-year-olds, and 293 three-year-olds. At the present rate of increase and allowing for no deaths atall, there will be only 3AOO horses less than 21 years old on these farmsat the end of a 20-year period, as compared with the 6,973 horses now onthese farms. In other words, present replacements will furnish in 20 yearsmuch less than half our present niimber of horses. To meet their needs forpower, Illinois farmers must replace more horses with mechanical power,raise more colts, or do both. Farmers who plan to use horses ill the futureshould start now to raise or buy some yovmg ones, since the price of horseshas already started to rise. Changes that have taken place in the last 7 years in the ntimberof horses of various ages on Illinois farms are shown by the followingchart: Percent of total. 192b 1932Under U yrs. 1926 1932U to 7 1926 1932 1926 1932S to 11 ! 12 to 15 1926 193216 to 19 1926 193220 & over Ages percentage Distribution of Horses by Ages—Illinois Farms, I926 and 1932 -6- Variations in EarnintS Over Five-Year Period Some comparative investment and earning data on accounting farms inWill County for 19^37 to 1931 are shown in the following table. The rate earneddropped sharply in 1930 and again in 1931 although the average land value was$28 per acre higher in 1930. Both the gross income and the operating cost peracre were lower in 1931 tlian in 1930. The year 1931 is the only one of the lastfive when there was a decrease in the crops acco\int for the Will County farms. Comparison of Earnings and Investments on Accounting FarmsWill County for 1927-1931 in Items 1927 1928 1929 J 1930 1931 Number of farms ---------- Average size of farms, acres- - - - Average rate earned, to pay for management, risk and capital - - -Average labor a
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